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United soon needs to give the government a revised business plan showing the concessions it can realistically hope for.
The airline said it would file a revised business plan with the federal government this week to bolster an application for a $1.8 billion loan guarantee.
The company submitted a revised business plan laying out $5.8 billion in concessions, then had to revise that to $5.2 billion in late November, amid thorny union negotiations.
He added that the department intended to review a revised business plan from Fisker and determine the best plan of action for the company to "meet its benchmarks, produce cars and employ workers here in America".
The NIC urged the Department for Transport and Transport for London to issue a revised business case for the project, with the aim of securing the go-ahead from parliament by autumn 2019.
The state government has released a revised business case for the project, including a cost-benefit analysis showing the project would generate a return of $1.10 for every dollar invested, or $1.50 if wider economic benefits were included.
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It would have to schedule another vote if the company and the union negotiated new concessions as part of any revised business plan sent to the loan board.
But he held back from enthusiastically endorsing the ruling, leaving open the possibility that the panel's three voting members could -- behind closed doors -- more favorably review any revised business plan that United submits, whether the airline is in or out of bankruptcy court.
More importantly, the overall goal of transformation is not just to execute a defined change — but to reinvent the organization and discover a new or revised business model based on a vision for the future.
I've just had a briefing from Transport for London (TfL) on their revised business plan.
Tomas Kinmonth, a fixed income strategist at ABN Amro, said the changes reflected the revised business models of some of the banks.
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