FlyerTalk Forums - View Single Post - Non Active Sky Marshall clears first AGAIN
Old Jul 8, 2005 | 10:29 pm
  #400  
bdschobel
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It was originally a $15-billion package, but $10 billion of it was in the form of loan guarantees that came with so many restrictions that most airlines couldn't get them if they tried. United did try -- multiple times -- and was denied every time. They never did get any government loan guarantees and instead shut down their pension plans (and turned them over to the PBGC -- take that, Uncle Sam!).

Bruce
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