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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26323)	12/19/2002 5:21:47 AM
From: elmatador	Respond to of 74559

I will keep putting into the 1) to 8) scale.

To: TobagoJack who wrote (26323)	12/19/2002 5:36:29 AM
From: elmatador	Respond to of 74559

Singapore Airlines rules out UAL claim of interest in equity stake SINGAPORE, (AFP) © 2002 AFP Singapore Airlines (SIA) ruled out any interest in taking a stake in United Airlines, despite contrary claims by the bankrupt carrier. "We have no plans to take an equity stake in United Airlines," an SIA spokesman told AFP Thursday, dismissing speculation raised by United's chairman and chief executive Glenn Tilton. Tilton had earlier told BusinessWeek Online that capital restructuring of the US carrier would have to include "a variety of equity participants who aren't there today". He listed Singapore Airlines as being among "a whole suite of people who have expressed interest", and said UAL would be talking to them. Both airlines are partners in the 14-member Star Alliance, the world's largest aviation grouping. SIA has said it will support United after it filed for Chapter 11 bankruptcy protection in the United States, but has not specified the assistance it will give. "We will only comment on that after we talk to them," the spokesman said. United, which had been haemorrhaging cash at the rate of seven million dollars a day, filed for bankruptcy last week in the biggest ever aviation industry failure. But the airline fas pledged to continue flying as it cuts costs to keep them in line with falling revenues. With four billion dollars in losses over the past two years, caused by a slump in air travel that was exacerbated by the September 11 attacks and ensuing intensified airport security, the company has few options. Tilton said his restructuring plans may include a new discount carrier to combat competitors attacking 70 per cent of United's route structure.