"Was UAL not a 2x participant as well? As for hocking spares, UAL pledged all of their spare parts and engines as collateral for a $170ishM loan at 17% before the merger. Who was in trouble?"

1 UAL was not a 2 x chp 11, only 1 time.
2 yes ual hocked stuff CAL was out of stuff to hock
3 yes at 17% but not as bad as CAL at 60 cents on the dollar
4 CAL was going bankrupt again and chp 7 till Jeff Lorenzo cozied up with Glenn.

Just remember what Jeff said, "Eking out a hand to mouth existance".