Update 15: US Airways Gets Permission for Gov&#39;t Loan
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A bankruptcy judge gave US Airways Group Inc. permission Monday to tap a government loan to fund daily operations - a move expected to allow the airline to continue normal operations while it searchs for alternative financing.
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A subsidiary of American Express will lend $600 million to the struggling airline, which is meeting with its pilots union. By Todd Pack.
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Boeing is willing to disclose aid from the US government so a new international agreement on assistance to planemakers can be developed.
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US Airways Group Inc. UAIRQ.OB has  given its machinists, flight attendants and ground workers  until the middle of November to reach long-term concession  agreements or the bankrupt airline will seek court approval to  throw out their contracts, court documents show.
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A US bankruptcy court judge approved an agreement yesterday that extends US Airways Group Inc.&#39;s ability to draw on cash from its lenders to fund operations through mid-January.
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US Airways is urging its unions to grant $800 million in cuts to save it from another bankruptcy filing.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) issued a general appeal on Tuesday to the carrier&#39;s 3,000 pilots after their union&#39;s leaders rejected
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US Airways (UAIRQ.OQ: Quote, Profile, Research) 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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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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US Airways Group Inc. said yesterday it expects to file a plan by Feb. 15 on how it will emerge from bankruptcy.
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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.
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ARLINGTON, Va. -- US Airways Group has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season, the company said Saturday.
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US Airways Group Inc. said Thursday has reached agreements with its lenders and lessors for continued use and operation of substantially all of its mainline and Express fleet.
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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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A bankruptcy judge gave US Airways Group Inc. temporary permission Monday to use a government loan to fund daily operations  --  a move expected to allow the airline more time to find alternative financing.
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In NEW YORK story headlined &quot;US Airways lenders let carrier keep using aircraft,&quot; please correct paragraph 3 to read ... US Airways said it has agreed to cure and perform for all but 36 aircraft, and has reached interim arrangements for 14 of these .
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US Airways (UAIRQ.OB:OTC BB - news - research) reached an agreement with General Electric (GE:NYSE - news - research) that would provide the airline with much-needed cash as it seeks to exit bankruptcy.