US Airways strikes funding and lease deal with GE
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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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GE Aviation  will sign a $550  million deal with Shanghai Airlines for nine aircraft engines  and a related service contract, the U.S. Commerce Department  said in a statement on Wednesday.
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Bankrupt US Airways on Tuesday reached a tentative agreement on concessions with the union representing dispatchers, the company said.
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Some key US Airways Group Inc. lenders have agreed to extend the terms of their financing to mid-January, The Wall Street Journal reports.
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A bankruptcy judge gave US Airways Group Inc. permission yesterday to tap a government loan to fund daily operations -- a move expected to allow
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PITTSBURGH, Pa. -- A bankruptcy judge granted US Airways permission to use a $718 million federal loan to operate while in Chapter 11 but local union leaders will not consider more concessions in this plan.
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WASHINGTON -- US Airways and the lead negotiators of its pilots union reached a tentative, $300 million annual cost-cutting agreement early Friday morning, a move that the airline says will help it emerge from bankruptcy.
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Pilots blazed the trail. Now, reservations and gate agents at US Airways (otc: UAIRQ - news - people ) gave their thumbs-up to a new deal Thursday.
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No. 3 US airline gets commitment from GE Commercial Finance as it looks to avoid bankruptcy. NEW YORK  - Delta Air Lines Inc.
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General Electric Co. GE.N said on  Friday that two private investment firms completed a deal to  acquire a majority interest in its Capital International  Services unit.
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ARLINGTON, Virginia US Airways Group said Friday that General Electric, its largest creditor, had agreed to provide the bankrupt carrier with badly needed funds as it seeks to avoid liquidation.
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The government has thrown US Airways (UAIRQ.OB: Quote, Profile, Research) a lifeline until the middle of January, agreeing with key lenders to extend financing the
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ALEXANDRIA, Va.  - A federal judge on Thursday  approved bankrupt US Airways' UAIRQ.OB cash finance deal with  a federal government board and another arrangement allowing the  airline to take delivery of nine regional jets.
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US Airways, 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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The federal government yesterday agreed to allow US Airways Group Inc. to use its cash collateral from its guaranteed loan to continue operating while it restructures in bankruptcy court, a major boost for the financially struggling airline.
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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 Group Inc. (UAIRQ.OB: Quote, Profile, Research) reached a tentative deal on Thursday with negotiators for the airline&#39;s flight attendants union for