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UAL seeks more time to reorganize

UAL Corp. is asking the bankruptcy court overseeing its case for six more months to file a Chapter 11 reorganization plan without the threat of other parties filing plans for the carrier.
/ Source: The Associated Press

UAL Corp., the parent of United Airlines, is asking the bankruptcy court overseeing its case for six more months to file a Chapter 11 reorganization plan without the threat of other parties filing plans for the carrier.

According to a motion filed late Monday, UAL is asking the U.S. Bankruptcy Court in Chicago to extend the company’s exclusive period to file a plan through April 6.

If UAL files a plan by that date, other parties would be further prohibited from filing plans through June 7 while the carrier solicits votes for its plan.

The airline’s exclusive plan-filing period has already been extended, and is set to expire Oct. 6.

The Chicago bankruptcy court is scheduled to consider the new extension request at a hearing Sept. 19. Interested parties may file objections through Friday.