Yhz78 From Canada, joined Apr 2004, 147 posts, RR: 0 Posted (10 years 10 months 1 week 5 days 19 hours ago) and read 2607 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!
DeltAirlines From United States of America, joined May 1999, 8987 posts, RR: 11
Reply 2, posted (10 years 10 months 1 week 5 days 19 hours ago) and read 2513 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.
Ouboy79 From United States of America, joined Nov 2001, 4648 posts, RR: 21
Reply 3, posted (10 years 10 months 1 week 5 days 19 hours ago) and read 2390 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.