Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
US Airways Receives Final Atsb Approval  
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4599 posts, RR: 22
Posted (11 years 7 months 1 week 4 days 20 hours ago) and read 2242 times:

The story:

http://biz.yahoo.com/prnews/030211/dctu040_1.html

9 replies: All unread, jump to last
 
User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 84
Reply 1, posted (11 years 7 months 1 week 4 days 19 hours ago) and read 2163 times:

Yeah. They're gonna make it.

And buy UA when the war starts.  Smile/happy/getting dizzy

N


User currently offlineBa319-131 From United Kingdom, joined Jan 2001, 8544 posts, RR: 54
Reply 2, posted (11 years 7 months 1 week 4 days 19 hours ago) and read 2156 times:
Support Airliners.net - become a First Class Member!

You know,I think US will make it and last the war - when it happens,though i hope it won't.

Thought US will,I have a nagging doubt about UA and AA.One of the 2 is going to go under.

UA is most likely - lets wait and see........

Rgds

BA319-131



111,732,3,4,5,7,8,BBJ,741,742,743,744,752,762,763,764,772,77L,773,77W,L15,D10,30,40,AB3,AB6,A312.313,319,320,321,332,333
User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 84
Reply 3, posted (11 years 7 months 1 week 4 days 19 hours ago) and read 2144 times:

The people from RSA have already stated they'll do what it takes to keep US in business thru the war.

N


User currently offlineScootertrash From United States of America, joined Aug 2001, 569 posts, RR: 9
Reply 4, posted (11 years 7 months 1 week 4 days 19 hours ago) and read 2130 times:

Very good news, especially for this turboprop driver. Looks like I might have a job after all.

Or then again, if they keep selling all the regional flying to the lowest bidder and get rid of all the wholly-owned subs, maybe I won't.

Time will tell!


User currently offlineOuboy79 From United States of America, joined Nov 2001, 4599 posts, RR: 22
Reply 5, posted (11 years 7 months 1 week 4 days 19 hours ago) and read 2106 times:

Scooter...the ATSB cash will be used to help finance RJ purchases, among other things. So eventually you'll have a new jet to fly...hopefully.

Like Neil stated, RSA will finance US Airways through the war to keep them afloat. They have also stated they will provide financing for any asset purchase of UAL.


User currently offlineUS AIRWAYS From United States of America, joined May 1999, 432 posts, RR: 4
Reply 6, posted (11 years 7 months 1 week 4 days 18 hours ago) and read 2090 times:

This is certainly some very good news to my ears.


Go Eagles!
User currently offlineTbird From United States of America, joined Oct 2001, 851 posts, RR: 19
Reply 7, posted (11 years 7 months 1 week 4 days 18 hours ago) and read 2061 times:

Good for US Airways! We certainly don't need anymore people out of work in this country. I was never a US Airways customer but I flew them a few weeks ago and was very happy with their service.

Regards
Tom


User currently offlineTango-Bravo From United States of America, joined Jun 2001, 3805 posts, RR: 29
Reply 8, posted (11 years 7 months 1 week 4 days 18 hours ago) and read 2050 times:

The key to success in gaining loan guarantee approval from ATSB is becoming eminently clear: Get your costs in line with what the market will realistically bear.

Unfortunately (or otherwise) the U.S. majors have have chosen (yes, chosen -- as in not being forced) to turn domestic air travel into a price-driven commodity in which he with the lowest costs has the potential to survive and thrive; he with marginally higher costs had better have a product with value-added features for which customers are willing to pay more; for he with significantly higher costs, liquidation is a matter of "when" rather than "if" -- barring highly lucrative international routes with which he is willing to underwrite domestic network losses.

What is sad is the price that labor has paid to bring USAirways to the place where costs appear (to the ATSB) to be in line with realistic revenue projections in the "brave new world" of the U.S. domestic market that has been inexorably unfolding for the past decade while the "full-service" majors remained in steadfast denial until their very continued existence was in serious jeopardy.


User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 84
Reply 9, posted (11 years 7 months 1 week 4 days 18 hours ago) and read 2048 times:

Their international service is unparalleled by any other US carrier, IMHO.

N


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
US Airways To Repurchase Atsb Warrants posted Mon Oct 3 2005 20:18:08 by A330323X
US Airways Receives 2nd Half Of Exit Financing posted Tue Mar 15 2005 15:18:30 by 762er
US Airways Receives First Airbus 330-300 posted Tue Mar 21 2000 15:50:56 by Airwaysdc9
US Airways Pays Off Airbus/ATSB Loans posted Sun Apr 9 2006 08:29:08 by Ouboy79
Atsb Sells US Airways/America West Loans posted Thu Oct 20 2005 02:30:15 by A330323X
US Airways Restructures Atsb Loan Repayments posted Sat Mar 13 2004 00:55:37 by Artsyman
US Airways And Atsb Restructure Loan posted Fri Mar 12 2004 20:59:36 by A330323X
US Airways Flyers Hoping Against The Merger? posted Wed Dec 13 2006 22:52:27 by USAirPlatinum
DL Employees To Stage Rally Against US Airways posted Sun Dec 10 2006 03:17:17 by Zsx81
US Airways Pilots 'Gravely Concerned' About Merger posted Fri Dec 8 2006 23:59:41 by OttoPylit