In the close the Air Transportation Stabilization Board's legacy came down to whether it would guarantee $18 billion in loans to United Airlines.

In the close the Air Transportation Stabilization Board's legacy came down to whether it would guarantee $18 billion in loans to United Airlines. In early December, sum of two units of three ATSB members cast offed UAL's application but left expand the possibility of guarantees if a bankruptcy filing produc a more credible business plan. Last summer US Airways received a conditional $900 million loan guarantee a month before it declared bankruptcy.

The board's UAL rejection language was harsh: "The business plan submitted by dint of the company is not financially unbroken ... [It] does not

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