US Airways Gets Permission for Gov't Loan
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ALEXANDRIA, Va. - A bankruptcy judge gave US Airways Group Inc...
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US Airways Friday cleared a major hurdle in its effort to emerge from bankruptcy protection as its mechanics union approved a new concessionary contract.
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Several lenders to bankrupt air carrier US Airways (UAIRQ.OB: Quote, Profile, Research) agreed to extend the terms of their financing arrangement to mid-January, the Wall Street Journal reported on Tuesday, citing unnamed
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WASHINGTON  - US Airways and two General Electric units have reached an agreement that would provide the bankrupt carrier with badly needed funds to keep it aloft as it seeks to reorganize, the airline said Friday.
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With big labor savings assured,  bankrupt US Airways UAIRQ.OB is expected to secure new access  to its only source of ready cash, an official with the  government agency backing the airline's financing said on  Monday.
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Bankrupt US Airways (UAIRQ.OB: Quote, Profile, Research) sought consent from its big unions on Wednesday for temporary relief from contracts and threatened to
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US Airways Group Inc.  said on Thursday it made a presentation to the management of bankrupt Delta Air Lines Inc.  and its creditor committee on its $8.5 billion offer to buy Delta.
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Pilots at US Airways have voted in favor of giving $300 million in annual wage and benefit concessions to the struggling airline, becoming the first major labor group to accept permanent
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Bankrupt US Airways Group Inc. (UAIRQ) has reached an agreement with its lenders and the US government to extend financing necessary to operate through mid-January, court documents showed on Tuesday.
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Some bondholders of Delta Air Lines Inc.  have begun organizing an informal group to support US Airways Group Inc.'s  $8.78 billion takeover offer for the bankrupt carrier, a source close to the matter said on Wednesday.
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Bankrupt US Airways UAIRQ.OB  sought consent from its big unions on Wednesday for temporary  relief from contracts and threatened to go to court to force  changes if workers did not voluntarily agree.
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US Airways UAIR.O made a new  proposal to its pilots and flight attendants on Friday for  concessions that could help the company avoid its second  bankruptcy filing in two years, the company and union officials  said.
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US Airways Group Inc. UAIRQ.OB,  which filed for bankruptcy protection in September, on Thursday  said it reached agreements with its lenders and lessors that  will let it keep flying most of its planes.
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US Airways UAIRQ.OQ has asked a  bankruptcy judge to approve temporary wage and other cost cuts  from its unions, saying it only has enough cash to survive  through January 2005.
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In an effort to conserve cash, financially ailing US Airways Group Inc. said Monday that it plans to ask the Internal Revenue Service for permission to delay payments into the pension plans of two of its employee groups.
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US Airways&#39; 800 reservations agents at Parkway Center will have the option of transferring to North Carolina or receiving cash buyouts plus one year&#39;s
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US Airways and the federal government agreed to extend a deal in which the Air Transportation Stabilization Board will provide the financing necessary for the airline to continue operations while it is in bankruptcy.