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US Airways News  
User currently offlineYhz78 From Canada, joined Apr 2004, 147 posts, RR: 0
Posted (11 years 4 months 2 weeks 7 hours ago) and read 2694 times:

Has anyone heard any updates about US's situation lately? I have been away for a while and haven't been able to keep up. The last I heard was that the 14th was supposed to be a possible drop dead date but I haven't heard anything since. Any news?

Canada Rocks! From the west coast to the best coast!
3 replies: All unread, jump to last
User currently offlineUSrampleadSTL From United States of America, joined Jan 2005, 102 posts, RR: 0
Reply 1, posted (11 years 4 months 2 weeks 7 hours ago) and read 2622 times:

New drop dead date: June 30th. Score one for US!

User currently offlineDeltAirlines From United States of America, joined May 1999, 9027 posts, RR: 11
Reply 2, posted (11 years 4 months 2 weeks 7 hours ago) and read 2600 times:

They're still flying, as I was just on them this morning from BOS to GSO.

Anyway, US and the ATSB were able to negotiate an extension of their loan to June 30. Next milepoint is February 15, when GECAS can seize planes (I think) if US is not meeting certain financial criteria. At this point, even though it's a month out, it does look likely that US will meet the financial points.


User currently offlineOuboy79 From United States of America, joined Nov 2001, 4676 posts, RR: 21
Reply 3, posted (11 years 4 months 2 weeks 6 hours ago) and read 2477 times:

US Airways and GECAS have already reached an agreement that is much like the ATSB one, they must be out of bankruptcy by June 30th. GECAS will also be financing 6 new RJs to US Airways this month - 3 170s and 3 CR7s. Progress is being made and the last major step is IAM which will have results soon on whether they get the last proposal from the company or one the judge shoves down their throat.

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