US Air secures funding and lease deal from GE
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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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A federal judge on Thursday approved bankrupt US Airways'  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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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 permission today to tap a government loan to fund daily operations - a move expected to allow the airline to continue its normal
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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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US Airways Group Inc. said Friday it has reached agreement with General Electric Co. on aircraft leasing and financing terms that will help the airline lower costs and reduce debt as it seeks to avoid liquidation. The airline will also have to do more cost cutting on its own.
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The US aerospace giant signs a deal worth up to $7.2bn to supply 60 of its new Dreamliner airlines to six Chinese carriers.
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The real estate arm of diversified  conglomerate General Electric Co.  agreed on Wednesday to  buy a $2.2 billion portfolio of U.S. industrial, residential  and commercial properties, but said it would sell some retail  properties to another investor.
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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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US Airways and its pilots union reached tentative agreement today on $300 million in wage and benefit cuts, after weeks of debate inside the union over whether to grant the cuts to the bankrupt airline.
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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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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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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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Delta Air Lines, which is trying to avert a bankruptcy filing, said Monday that General Electric&#39;s commercial finance unit would provide it with $500 million of financing.
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US Airways Group Inc., operating under bankruptcy protection, reached an agreement with General Electric Co., its largest creditor, that provides the airline $140 million in funds and defers lease payments on planes.
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Engine maker Rolls-Royce said Monday that it has won a contract worth 1.3 billion dollars (954 million euros) with the biggest aircraft leasing company in the United States.
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US Airways and its pilots union agreed yesterday on a new labor contract a week after the Arlington carrier asked a bankruptcy judge to force court-ordered pay cuts on employees.