ouboy79
Posts: 4111
Joined: Sun Nov 18, 2001 1:48 pm

US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 5:45 am

 
gigneil
Posts: 14133
Joined: Fri Nov 08, 2002 10:25 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 6:57 am

Yeah. They're gonna make it.

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

N
 
ba319-131
Posts: 8132
Joined: Sat Jan 13, 2001 1:27 pm

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:01 am

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
 
gigneil
Posts: 14133
Joined: Fri Nov 08, 2002 10:25 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:13 am

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

N
 
ScooterTrash
Posts: 553
Joined: Thu Aug 02, 2001 10:39 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:20 am

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!
 
ouboy79
Posts: 4111
Joined: Sun Nov 18, 2001 1:48 pm

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:31 am

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.
 
US AIRWAYS
Posts: 455
Joined: Wed May 19, 1999 9:56 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:39 am

This is certainly some very good news to my ears.
Go Eagles!
 
Tbird
Posts: 801
Joined: Wed Oct 31, 2001 3:09 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 7:56 am

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
 
Tango-Bravo
Posts: 2887
Joined: Sun Jun 17, 2001 1:04 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 8:05 am

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.
 
gigneil
Posts: 14133
Joined: Fri Nov 08, 2002 10:25 am

RE: US Airways Receives Final Atsb Approval

Wed Feb 12, 2003 8:06 am

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

N