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- Jake Brace Leaves United
- If you heard the sounds of wild screams of joy in United hubs last Friday, it was likely United employees reacting to the announcement that Jake Brace would be retiring from his post as the airline's CFO. Kathryn Mikells will take over on November 1. by Brett Snyder
- Blog posts 2008-08-19
Additional Resources
- At Deadline; UAL termination nears.(United Air Lines Inc.)
- United Airlines could terminate its pension plans as soon as January and replace them with a defined contribution plan, said Jake Brace, executive vice president and CFO of parent UAL Corp. The company expects to present a plan in November to its uni United Airlines could...
- Research articles 2004-10-18
- United marching out of bankruptcy
- CHICAGO -- United Airlines is "marching forward" toward exiting bankruptcy early next year, Jake Brace, chief financial officer, said following a court hearing here Friday. At the hearing, U.S. Bankruptcy Court Judge Eugene Wedoff requested more information from disputing parties over restructuring 14 aircraft leases. Almost all other...
- Research articles 2005-11-21
- Big Picture.(Business)
- United on track to exit bankruptcy CHICAGO - United Airlines is "marching forward" toward exiting bankruptcy early next year as planned, Jake Brace, chief financial officer, said following a court hearing Friday. U.S. Bankruptcy Court Judge Eugene Wedoff requested more information over restructuring...
- Research articles 2005-11-19
- United Airlines hit with lawsuit over pension payments
- CHICAGO AFP ? United Airlines' machinist union hit three of the carrier's top executives with a lawsuit in connection with their decision to suspend payments to employee pension funds. The complaint filed in federal court in Chicago charges the carrier's chief executive officer Glenn Tilton, chief financial officer Jake...
- Research articles 2004-07-29
- Largest union sues United officials in pension dispute
- United Airlines' long and difficult bankruptcy case took a nasty turn Thursday when its largest labor union sued United's top officers over the airline's decision to stop funding its pensions. The International Association of Machinists, which represents 37,000 active and retired United workers, named United CEO Glenn Tilton, Chief...
- Research articles 2004-07-30
- United looking at early bankruptcy exit
- CHICAGO -- Nearly half a year into its restructuring, United Airlines says it's making better progress than expected and might move its targeted exit from bankruptcy up from mid-2004 to as early as this fall. But chief financial officer Jake Brace said in comments published Wednesday that the...
- Research articles 2003-05-22
- United's bankruptcy deadline extended
- CHICAGO AP -- A federal judge on Friday granted United Airlines another five months to submit a plan to get out of bankruptcy. The new deadline is March 6. The extension was the second granted by U.S. Bankruptcy Judge Eugene Wedoff for United, which is slowly regaining financial...
- Research articles 2003-09-20
- Early bankruptcy exit?
- Nearly half a year into its restructuring, United Airlines says it's making better progress than expected and might move its targeted exit from bankruptcy up from mid-2004 to as early as this fall. But chief financial officer Jake Brace said in comments published Wednesday that the carrier still needs lagging...
- Research articles 2003-05-22
- $3B comes to United's rescue
- United Airlines said Thursday that it's landed $3 billion in loans to step out of bankruptcy protection, and it reaffirmed its plan to exit in a few months. The loan agreement with JPMorgan Chase and Citigroup is a landmark in United's tumultuous, nearly 3-year-old reorganization and brings the giant...
- Research articles 2005-10-07
- United Airlines gets 3 billion dollar loan for bankruptcy exit
- CHICAGO AFP — The parent of United Airlines said it has secured a three billion dollar loan package that clears a hurdle to its plans to emerge from bankruptcy protection by February. The financing will be used to repay debts incurred during United's three years in bankruptcy protection and...
- Research articles 2005-10-06
- Consolidation of global airline industry takes off.
- Byline: Robert Guy Dec 14, 2006 (The Australian Financial Review - ABIX via COMTEX) -- UAL chief financial officer, Jake Brace, recently commented on the prospect of consolidation in the US airline sector. His comments followed US Airways' announcement of a takeover bid...
- Research articles 2006-12-14
- United Airlines seeking merger
- CHICAGO -- United Airlines remains interested in industry consolidation and would like to team up with a U.S. carrier with a strong presence in the Northeast and a hub in the South, its chief financial officer said Wednesday. Jake Brace told analysts there are candidates for such a...
- Research articles 2007-06-14
- Local Focus.(Business)
- UAL has $30 million net loss for August ELK GROVE TOWNSHIP - UAL Corp., parent of bankrupt United Airlines, said Wednesday its August net loss was $30 million, with $82 million in expenses related to its reorganization. Excluding reorganization expenses, the No. 2 U.S....
- Research articles 2005-09-22
- Local Focus.(Business)
- United rearranges senior exec duties ELK GROVE TWP. -United Airlines said it has realigned responsibilities among its senior management team. Peter D. McDonald becomes executive vice president and chief operating officer. He had been executive VP-operations. John Tague was named executive VP-marketing, sales...
- Research articles 2004-05-15
- Airlines plan to cut their costs
- DALLAS -- Several major airlines outlined plans Tuesday to slow their growth and cut costs to deal with higher fuel prices and the prospect of an economic slowdown that could hurt air travel. Executives for some carriers also said they are actively planning for airline mergers, although...
- Research articles 2007-12-05
- United-US Airways Merger Gets Postponed Again.
- By Frank Reeves, Pittsburgh Post-Gazette Knight Ridder/Tribune Business News Apr. 19--After posting bigger-than-expected first-quarter losses, United Airlines and US Airways yesterday said they no longer believed their planned merger would be completed by the middle of the year. The proposed $11.6...
- Research articles 2001-04-19
- United Official Tells Creditors Airline Is on Track to Make Financial Goals.
- By Andy Vuong, The Denver Post Knight Ridder/Tribune Business News Mar. 13--United Airlines expects to meet key financial targets imposed by bankruptcy lenders after temporary wage cuts helped the company pare its losses. United chief financial officer Jake Brace told...
- Research articles 2003-03-13
- United's Undoing Was a War Within.
- Chicago Tribune Knight Ridder/Tribune Business News Jul. 14--Jake Brace suspected the worst as soon as the flight attendant handed him the message. The lanky United Airlines executive sipped a Diet Pepsi as he sat crammed in coach, his own discomfort...
- Research articles 2003-07-14
- United Stays on Route to Recovery; Loan Target Met despite May Loss.
- By Susan Chandler, Chicago Tribune Knight Ridder/Tribune Business News Jun. 28--United Airlines continued its financial recovery last month, helped by lower wage rates and a continuing upturn in travel. But not enough people were flying for United to break even, and...
- Research articles 2003-06-28
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