Originally Posted by
John Pennekamp
UAL borrowed that money from SkyWest at 11% interest! The loan was guaranteed by ground equipment! That doesn't sound to me like a loan on UAL's terms! It sounds like they "had" to get the money. Additionally, it's a LOAN not a PAYMENT. How is that "paying"?
Please cite your source on the $3B cash...
ASA needed to do something with the CRJ 200's that DAL is kicking out next year so UAL agreed to take them on, but only with a little sweetner. Its not personal, just biznez. I sure would like to see the terms of the new XJT agreement. I heard there were 6 bidders!! As for the 3 Billion, here is your source..... from the CFO about a week ago
"Today we issued an update to investors on our financial outlook, commonly referred to as “investor guidance,” for the fourth quarter of 2009. This update is part of our normal practice as we approach the end of each quarter. To see the full update, you can go to
United Airlines - Investor Relations Home..........
Lastly, I want to highlight our cash position.
We expect to end the quarter with an unrestricted cash balance of approximately $3.0 billion, which is about $500 million higher than what it was at the end of the third quarter. This balance does not include roughly $250 million from financings completed in the fourth quarter that will fund in early 2010."