United ran out of cash (after liabilities) a long time ago. They no longer have to convince their suppliers, and their shareholders of their plans (bankruptcy sorta takes that responsibility away) but they have to convince their creditors and Debtor-in-Possession financiers. DIPs, being it pension funds or GE Capital are fairly shrewd folks, who don't take likely to others piddling away their money. So United's remaining executive teams must of made a fairly grounded and well-thought-out proposal to these folks for TED and they other key decisions, and depending on the jurisdiction, such major decisions would also come under the gavel of the judicial process overseeing the bankruptcy. Though from the outside, I'm with you, I wonder if they are actually going to make a go of this. Matthew http://www.redmac.ca - Getting Canadian's their Macintosh accessories http://www.justaddanoccasion.com - Great gift ideas, featuring smoked salmon On Jan 28, 2004, at 2:00 PM, Clay Wardlow wrote: > Hello All: > With the loss posted by UAL, what is everyone's impression of United's > future? Can they really get out of bankruptcy this way? > Also, does UAL really have the resources to support TED? Do you all > think TED is a viable way for UAL to make some money? > Baha, I'm sure you've got something to say about this. :-) > Clay in SEA