Re: [Sky-1] UAL gets rid of the 762s

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 <http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=346457>

Flew one of these BOS-LAX about two years ago, and it was looking pretty
tired.  They also don't really fit with the United fleet anymore, since (to
my knowledge) none were ever upgraded with Economy Plus seating.

Sometimes you've got to do what you've got to do.


  _____

From: B787300@xxxxxxx [mailto:B787300@xxxxxxx]
Sent: Friday, March 12, 2004 10:25 AM
To: Skyone@xxxxxxxxxxxxxxx; AIRLINE@xxxxxxxxxxxxxxxxx
Subject: Re: [Sky-1] UAL gets rid of the 762s


That's less than $2 million for each aircraft when you consider the five
spare engines.  The used aircraft market can't be that bad off is it?
Astounding....  Do all the 767's need D checks or what?

Jose Prize
Fan of wondering

In a message dated 3/12/2004 10:09:42 AM Eastern Standard Time,
bahadiracuner@xxxxxxxxx writes:



Subj: [Sky-1] UAL gets rid of the 762s
Date: 3/12/2004 10:09:42 AM Eastern Standard Time
From: bahadiracuner@xxxxxxxxx
Reply-to: Skyone@xxxxxxxxxxxxxxx
To: AIRLINE@xxxxxxxxxxxxxxxxx, Skyone@xxxxxxxxxxxxxxx
Sent from the Internet

Air Transport Group agrees to acquire planes and engines from United
Airlines for $32 million.

UAL Corp., the parent of United Airlines, reached a deal to sell 16 Boeing
767-222 aircraft and five spare engines to the Air Transport Group Inc. for
$32 million, according to a papers filed in bankruptcy court.

The proceeds will be used to pay down UAL's debtor-in-possession loan.

UAL tried to sell the planes and parts for nine months, attracting three
bids including the one from Air Transport, according to the court papers.

UAL will need bankruptcy court approval for the deal at a hearing on March
19.







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