UA Denied!

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From: http://tinyurl.com/yuqth

United Airlines Denied U.S. Loan Guarantee Request, Board Says

June 17 (Bloomberg) -- UAL Corp.'s United Airlines failed to win U.S.
backing for a $1.6 billion government loan guarantee to finance its exit
from bankruptcy, the carrier's second rejection by a U.S. board in 18
months.

A majority of the Air Transportation Stabilization Board found that a loan
guarantee for United ``is not a necessary part of maintaining a safe,
efficient and viable commercial aviation system in the United States,''
the board said in a statement. The board rejected United's request for a
$1.8 billion guarantee in December 2002. The airline filed bankruptcy five
days later.


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Blaine Thompson                                    Indiana RadioWatch
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