UAL seeks more time to reorganize

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UAL Corp. is asking the bankruptcy court overseeing its case for six more months to file a Chapter 11 reorganization plan without the threat of other parties filing plans for the carrier.

UAL Corp., the parent of United Airlines, is asking the bankruptcy court overseeing its case for six more months to file a Chapter 11 reorganization plan without the threat of other parties filing plans for the carrier.

According to a motion filed late Monday, UAL is asking the U.S. Bankruptcy Court in Chicago to extend the company’s exclusive period to file a plan through April 6.

If UAL files a plan by that date, other parties would be further prohibited from filing plans through June 7 while the carrier solicits votes for its plan.

The airline’s exclusive plan-filing period has already been extended, and is set to expire Oct. 6.

The Chicago bankruptcy court is scheduled to consider the new extension request at a hearing Sept. 19. Interested parties may file objections through Friday.

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