United Settles With Creditors, Despite Union Resistance

Law360, New York (January 12, 2006, 12:00 AM EST) -- Bankrupt United Airlines Corp. and its unsecured creditors committee have settled their dispute over the company’s reorganization plan, which has been attacked by both a flight attendants union and a retired pilots union one week before the bankruptcy hearing was scheduled to begin.

The parent of United Airlines said Thursday the agreement will be reflected in a revised plan of reorganization to be filed with the U.S. Bankruptcy Court in the Northern District of Illinois, ahead of the confirmation hearing on Jan. 18.

Under the old...
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