SFGate: Federal panel denies loan guarantee to United Airlines

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This article was sent to you by someone who found it on SFGate.
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ational0922EDT0530.DTL
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Monday, June 28, 2004 (AP)
Federal panel denies loan guarantee to United Airlines
JEANNINE AVERSA, Associated Press Writer


   (06-28) 06:22 PDT WASHINGTON (AP) --
   United Airlines on Monday lost a bid to secure a federal loan guarantee,=
 a
fresh setback to the carrier's efforts to emerge from bankruptcy.
   The Air Transportation Stabilization Board said that after studying the
airline's latest application, submitted last week, it would not change the
panel's June 17 decision to reject United's request for a $1.6 billion
federal loan guarantee.
   "All members of the board join in the decision to deny United's request
for reconsideration, and the board's June 17 decision stands," the board
said in a letter Monday to United Airlines' chief financial officer,
Frederic Brace.

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Copyright 2004 AP

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