Texas Pacific tells unions of interest in UAL-WSJ=20 =20 Monday February 24, 5:08 AM EST=20 NEW YORK, Feb 24 (Reuters) - Private equity firm Texas Pacific Group has made a second presentation to unions on its possible interest in investing in UAL Corp.'s (UAL) United Airlines, the Wall Street Journal reported on Monday. According to people familiar with the discussions, Texas Pacific, which has made money in the past by betting on troubled airlines, is in preliminary talks that center on its interest in investing in United in some fashion to help it out of Chapter 11 bankruptcy protection, the Journal said. Texas Pacific, which first made contact with United's unions in early January, "wants to shrink the airline by 25 percent and bring on" additional regional jets to fly less-trafficked routes, one person with knowledge of the latest meeting told the newspaper. =20 Texas Pacific also wants the unions to agree to sizable concessions, another person familiar with the talks told the Journal. Texas Pacific does not subscribe to United management's plans to keep the airline near its current size but shift a third of the capacity into a new low-fare subsidiary to compete with discount airlines, the article said citing these people. United's unions oppose the low-fare unit. A spokesman for Texas Pacific declined to comment, according to the report. United said conversations with interested parties will continue to take place, the article said. United, the No. 2 U.S. airline, filed the largest bankruptcy in aviation history in December. Texas Pacific and United were not immediately available for comment early on Monday morning.=20 =A92003 Reuters Limited.=20