Restructuring Firm to Analyze UAL Business Plan

25th Oct 2004

The Association of Flight Attendants-CWA
(AFA) today achieved its core objective in filing its motion to appoint a
trustee through an agreement under which United Airlines will hire Bridge
Associates LLC, an independent restructuring firm selected in consultation
with AFA, to analyze United’s business plan.In early September AFA filed a motion in the bankruptcy court to appoint a
trustee to oversee United Airlines’ development of a viable business plan
that would allow the company to successfully exit bankruptcy. The
International Association of Machinists and Aerospace Workers (IAM) had
also filed a motion to appoint a trustee.

AFA has continually worked to ensure that the core issue raised in its
trustee motion—the direction and future of United—would be
addressed. The union is encouraged that an agreement has been reached that
directly deals with our primary concern. Within the next few days the
court will be asked to approve the retention of Bridge Associates LLC to
conduct an independent evaluation of United’s business plan. As part of
this agreement, upon the court approving the retention of the
restructuring firm, AFA will withdraw the trustee motion.

Over a 30-day period, Bridge Associates will examine the business plan and
provide a confidential written report to United with copies to AFA and the

“United Airlines flight attendants have been a powerful advocate for a
successful reorganization and we will continue to work toward that goal,”
stated AFA United Master Executive Council President Greg Davidowitch.
“The magnitude of contributions and sacrifices made by our members to the
success of United Airlines is immeasurable. AFA will utilize this
agreement and any other available tools to see that flight attendant
sacrifices are prudently, fairly and meaningfully applied to a plan that
returns United Airlines to premier status in the aviation industry.”

More than 46,000 flight attendants, including the 21,000 flight attendants
at United, join together to form AFA, the world’s largest flight attendant
union. AFA is part of the 700,000 member strong Communications Workers of
America, AFL-CIO. Visit us at



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation