No Undue Pressure in United Vote, Snow Says
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Treasury Secretary John W. Snow said political pressure was not applied to a board considering a request from UAL Corp.’s United Airlines for a federal loan guarantee.
The Air Transportation Stabilization Board last week rejected the airline’s request for a $1.6-billion federal loan guarantee. A scaled-back request was filed this week.
The Office of Inspector General is looking into whether board member Brian Roseboro, the Treasury Department’s board representative who voted against United’s request last week, was pressured to change his vote.
* Pilots at US Airways Group Inc. are offering to take a 12.5% pay cut and work more hours through 2008 to help meet fresh cost-cutting targets at the carrier as it struggles to stay viable, their union said.
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