United’s New Plan Angers Flight Attendants, Others

Law360, New York (January 11, 2006, 12:00 AM EST) -- As United Airlines tries to claw its way out of bankruptcy, the company’s reorganization plan has come under fire from both a flight attendants union and a retired pilots union, only one week before its bankruptcy hearing is scheduled to begin.

In a recent motion, filed in U.S. Bankruptcy Court in Chicago, the Association of Flight Attendants attacked the No. 2 airline carrier’s proposal to give 400 top managers 11% of the new stock in the reorganized airline.

“If there is so much equity available to...
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