© 2022 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

United Airlines

NPR'S Jim Zarroli reports the nation's second largest airline, United, is one step closer to bankruptcy today after federal officials turned down its request for loan guarantees. The Air Transportation Stabilization Board last night said United wasn't eligible for federal aid, saying its business plan was not financially sound. Today United's chairman said the company is exploring new financing options. But many in the industry say a bankruptcy filing is now almost inevitable.

Copyright 2002 NPR

News from WKAR will never be behind a paywall. Ever. We need your help to keep our coverage free for everyone. Please consider supporting the news you rely on with a donation today. You can support our journalism for as little as $5. Every contribution, no matter the size, propels our vital coverage. Thank you.