CHICAGO (AP):
UNITED AIRLINES finally left bankruptcy yesterday, a leaner and more cost-efficient carrier after a painful restructuring that began in 2002 and lasted a record 1,150 days.
The US's No. 2 airline announced it had filed its exit documents in U.S. Bankruptcy Court yesterday afternoon, officially ending the longest and costliest bankruptcy of any airline.
United marked the event in low-key fashion, sending top executives to airports around the country to thank United employees and customers for their patience.
"We have achieved a great deal in our restructuring to reposition this company and build upon our assets, an unrivalled global network and our dedicated employees," said Glenn Tilton, CEO of United and parent UAL Corp., in a statement accompanying the announcement.
