UAL Files for Chapter 11 Bankruptcy | On This Day

UAL Files for Chapter 11 Bankruptcy | On This Day

Since the December 9, 2024, a lot of internet users are only talking about it, the last video of Bloomberg Television is making a lot of talk since its release and could also interest you!

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For your information, you can find below the description of the video UAL Files for Chapter 11 Bankruptcy | On This Day published by the Youtube channel Bloomberg Television:

On this day, December 9th, 2002, when UIL Corp, the parent of United Airlines, filed the largest aviation bankruptcy in U.S. history. Record losses, high cost and a travel slump leaving the world's second biggest carrier unable to pay about a billion dollars in overdue debt. Now, while that bankruptcy was the result of a hodgepodge of events that have been bubbling up for years, the tipping point really came with the fall of four key dominoes over 2 year.
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