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Judge Approves United Plan to Exit Chapter 11

January 21, 2006|From Associated Press

UAL Corp.'s United Airlines won a judge's final go-ahead to leave bankruptcy proceedings after a record three-year stay -- a smaller and more efficient carrier than when it began its overhaul but challenged more than ever by near-record fuel costs.

The approval of its reorganization plan by U.S. Bankruptcy Judge Eugene Wedoff removed the final obstacle to its targeted exit from Chapter 11 on Feb. 1 after the largest and longest airline bankruptcy case ever.

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