US Denied United, For the Last Time
Jun 28th, 2004 | By Jared BlankThe US has denied United’s request for $1.1 billion in corporate welfare, er, government-backed loans, saying, “The board concluded that granting the loan guarantee is not a necessary part of maintaining a safe, efficient, and viable commercial aviation system in the United States.” The board told United that it will not be permitted to apply again. A sad day for United’s employees, a good day for a free economy.