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US Airways Status  
User currently offlineDelta777 From United States of America, joined Mar 2000, 658 posts, RR: 0
Posted (12 years 1 week 2 days 12 hours ago) and read 1138 times:

Hows everything going with the US Airways bankruptcy? I`ve heard some people talk about Ch.7. I`m hoping my favorite airline will be around a long time.

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User currently offlinePatM04 From United States of America, joined Mar 2002, 57 posts, RR: 0
Reply 1, posted (12 years 1 week 2 days 9 hours ago) and read 1096 times:

I read in a local newspaper that Retirement Systems of Alabama is most likely going to pull out of $200 million loan unless US reorganizes union deals. RSA has already given $3 million to US. Another reason they are probably going to pull out of it is that RSA lost around $500 million in the worldcom scandal. Although they only lost less the 1% of there portfolio in worldcom they still think right now it is to risky to go in with US airways unless things are reorganized.

Pat from AL Smile

User currently offlineUAL1837 From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 1 week 2 days 8 hours ago) and read 1075 times:

Hopefully they won't pull out, cause if they do, USAirways is most likely doomed.

User currently offlineAA717driver From United States of America, joined Feb 2002, 1566 posts, RR: 13
Reply 3, posted (12 years 1 week 2 days 7 hours ago) and read 1025 times:

I was told today that the IAM and AFA rejected the request for further cuts. Has anyone else heard that? I cannot verify the accuracy of that statement, it may have been old news. Thanks in advance.TC

FL450, M.85
User currently offlineN757st From United States of America, joined Feb 2002, 386 posts, RR: 0
Reply 4, posted (12 years 1 week 2 days 6 hours ago) and read 1019 times:

I know that the pilots had ratified thier end, and Retirement Systems said they were pleased with the move and that USAir would continue to fly.

User currently offlineOuboy79 From United States of America, joined Nov 2001, 4616 posts, RR: 23
Reply 5, posted (12 years 1 week 2 days 6 hours ago) and read 1010 times:

AFA and IAM deals are requring management to take further cuts before they will proceed. However, the Pilots did ratify $100 million in further cuts...of the $200 million needed total (of all unions). So half way there.

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