Originally Posted by
fireman0174
Let us be honest here, the reason Tilton and his gang didn't want private financing was that they knew they were history, most likelly without the benefits they recently awarded themselves.
Maybe so, but I for one am glad they didn't go the equity financing route. Look what happened at TWA and NWA in the past. And, lets be honest here, UAL could not have obtained a reasonalble loan with billions of dollars of pension liabilities. Sad but true.