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The rows, of which the latest broke at a conference in Boston last week, are about how Mr Chubais is preparing for it.Minority shareholders say Mr Chubais has been pre-emptively selling UES assets cheaply on the sly, despite Mr Putin's decree last year that the company must be broken up "pro rata"—ensuring that anybody with a stake now will have the same stake in its restructured parts.
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Travelers can also take comfort from the partnership that US Airways has struck with the Texas Pacific Group to help it in its restructuring, Mr. Garfinkle said.
It removed its United States head of sales in June as it restructured its business in its biggest market.
He issued an order that would prevent its government from servicing the debt of the investors who had participated in its restructuring unless it also made a lump-sum payment to the hold-outs for the entire value of their claim: the full face value of their bonds plus all past due interest.
In its restructuring plan, Chrysler said it would require up to $25 billion in debtor-in-possession financing from the government during a bankruptcy reorganization.
United, the world's second-largest airline, is pushing to line up the concessions and loan guarantees as soon as possible in order to show the federal Air Transportation Stabilization Board that it has its employees on board in its restructuring effort.
American Airlines laid out for the first time on Wednesday what it will expect its employees to give up in its restructuring process — and the proposal was far worse than they feared.
While the taxpayers' holding is controlled by a separate entity owned by the British government, questions remain about whether the bank can succeed in its restructuring when faced with political pressure over how it is run.
However, in a sign that things aren't quite on the level of Northern Rock, the lender announced, in its restructuring of a previously declared rights issue, that it had secured support from private equity firm TPG.
In its restructuring plan filed Tuesday with the Treasury Department, G.M. projects it will end 2009 with a $14 billion cash shortfall, but then improve to a $6.6 billion surplus by 2012.
The company has already shut 80 of the 165 stores designated for closing in its restructuring.
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