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United Airlines filed an application with the government yesterday for a $1.8 billion guarantee to back $2 billion in private loans, the largest such request since the Sept. 11 attacks crippled the industry.
All of them would have a federal guarantee to back them up, and thus would leave Frannie's uncle — Sam — holding the bag if they blew it.
Exacerbating the problem, the Obama administration on Thursday all but formally rejected a request by Gov. Arnold Schwarzenegger for a $6 billion loan guarantee to back the state's debt.
United, based in Elk Grove, Ill., sought a $1.6 billion federal guarantee to back private financing needed to exit bankruptcy later this year.
Mr. Papaconstantinou hopes that by April, Greece will have impressed markets with the initial execution of its fiscal adjustment, won further approval from Brussels and secured a clearer E.U. guarantee to back its borrowing.
B5 OBITUARIES A23 ARTS E1-8 FASHION B8 SPORTS D1-8 SCIENCE TIMES F1-10 Health & Fitness F5 BUSINESS DAY C1-22 Airline Seeks U.S. Assistance United Airlines applied for a $1.8 billion federal guarantee to back $2 billion in private loans, the largest such request since the Sept. 11 attacks jolted the airline industry.
Do I have a fixed-price charter guarantee to back this empty leg up?
On a smaller scale, Hyundai has made huge gains in market share this year, thanks to a hefty advertising budget and a guarantee to take back cars from owners who have lost their jobs.
United Airlines has asked the government for $1.8 billion in guarantees to back $2 billion in private loans.
Hundreds of billions in guarantees to back up money market funds and to guarantee bank deposits.
The company addressed concerns about the toxicity of cadmium by creating a recycling program guaranteed to take back panels at the end of their useful life.
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