官方APP下载:英语全能特训(微信小程序版,支持苹果手机、安卓手机)
创办于2003年
UNSV记不住?那就记中文谐音“忧安思危”吧!
  Slow and Steady Wins the Race!
UNSV英语学习频道 - Slow and steady wins the race!
公众微信服务号
英语全能特训(微信公众服务号)
UNSV英语学习频道淘宝网店
客服短信:18913948480
客服邮箱:web@unsv.com
初级VIP会员
全站英语学习资料下载。
¥98元/12个月

ECONOMICS REPORT - United Airlines Will Have to Seek New Financing Without U.S. Loan Guarantees

阅读次数:


VIP会员专享下载:(非VIP会员无权下载!如果想下载,但还不是VIP会员,请点此订购
下载方式:使用鼠标右键(注意是鼠标右键!)点击下面的MP3音频/MP4视频链接,然后选择“另存为…”。
PDF节目文稿 PDF节目文稿  MP3节目录音 MP3节目录音 
文章正文
同步字幕

This is Bob Doughty with the VOA Special English Economics Report.

Bankruptcy is a process that, in some cases, can save a business. Companies that cannot pay their debts may go to bankruptcy court and seek protection from their creditors.

In December of two-thousand-two, United Airlines declared bankruptcy. Since then, the carrier has continued to fly. And it has reorganized. The aim is to come out of bankruptcy and be able to meet financial responsibilities. United is the second-largest airline company in the world.

But last week the government rejected a request for help. The parent company of United had asked the government to guarantee more than a thousand million dollars in loans. That meant the government would share responsibility if United could not repay the loans.

A special committee decided against the aid. The Air Transportation Stabilization Board has three members. They represent the central bank, the Treasury and the Transportation Department. Congress formed this board after the terrorist attacks of September eleventh, two-thousand-one. Air travel decreased after the attacks with hijacked planes.

Congress approved loan guarantees of up to ten-thousand-million dollars to help the transportation industry recover. But the board has used only about fifteen percent of that. And the time limit to request aid has passed.In all, United made three requests for loan guarantees. The first was for one-point-eight thousand million dollars in June of two-thousand-two. The board denied the request in December of that year. It rejected the business plan that United had proposed. But it gave United a second chance.

Then, in June, the board rejected a smaller request. It said credit markets have improved and guarantees were no longer necessary. Air travel has increased worldwide over the past year.Then, at the end of June, the board rejected a third and final request from United.

United says it has cut about thirty-seven percent of its jobs. It says it has cut costs by nearly five-thousand-million dollars. The airline is expected to ask for more pay cuts from its employees. And it is expected to seek at least two-thousand-million dollars in new financing without government guarantees.

This VOA Special English Economics Report was written by Mario Ritter. This is Bob Doughty.

网友的学习评论(0条):
版权所有©2003-2019 南京通享科技有限公司,保留所有权利。未经书面许可,严禁转载本站内容,违者追究法律责任。 互联网经营ICP证:苏B2-20120186
网站备案:苏ICP备05000269号-1中国工业和信息化部网站备案查询
广播台