The deal was contingent upon approval of a new labor agreement with the union representing American's pilots.
The negotiations continue to get the support of unions representing pilots and flight assistants.
Workers own about 55 percent of the company's stock, with the unions representing United's pilots and mechanics holding the lion's share.
Among those are councils representing pilots working for the following organisations:
Unions representing pilots and flight attendants threatened to stage protests or strikes if the government followed through with the decision.
Unions representing the airline's pilots and machinists won a prominent position among the creditors.
Indeed, in the spring of that year, leaders of the labor unions representing the airlines' pilots met to coordinate negotiations.
Unions representing the nation's airline pilots and flight attendants strongly objected to the proposed new rule.
The unions represent Eastern's pilots, machinists and flight attendants.
United embarked on the second round of cuts nearly a year ago, and has won concessions from unions representing its pilots and flight attendants.