artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

US Airways Restructures Atsb Loan Repayments

Sat Mar 13, 2004 8:55 am

While I think it is baffling that the ATSB would agree to this, this is good news US and also for UAL. It says that the ATSB are willing to really be flexible in helping out the bankrupt airlines possibly at the expense of the healthier ones.

US Airways received this loan to emerge from Chapt 11, and here were are not even a year later and they are already changing the payment rules as things are clearly not going well for them at all.

http://biz.yahoo.com/rb/040312/airlines_usair_4.html

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If US is getting this kind of latitude, it bears well for UAL getting the billions that they are asking for also.

Great news for those employees, live to breath another day

J
 
A330323X
Posts: 2666
Joined: Thu Oct 09, 2003 4:06 pm

RE: US Airways Restructures Atsb Loan Repayments

Sat Mar 13, 2004 9:56 am

I'm the expert on here on two things, neither of which I care about much anymore.