US Airways Gets OK to Use Taxpayer Funds
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ALEXANDRIA, Va. - A bankruptcy judge gave US Airways Group Inc...
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The government moved to take over the pension fund for United Airlines' pilots, a step to prevent the airline from exploiting the federal pension-insurance program.
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A judge granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.
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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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ARLINGTON, Va. - The union for 5,800 US Airways Group Inc. customer-service and reservation agents said it reached agreement on pay and benefit cuts the airline had sought to help emerge from bankruptcy.
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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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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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Onge and Mary Schlangenstein. US Airways said yesterday it can&#39;t attract $250 million needed to avoid liquidation and exit bankruptcy under its current recovery plan, the former chief financial officer said.
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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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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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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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ARLINGTON, Va. US Airways says it plans to cut 45 (m) million dollars a year in pay and benefits in a move the airline hopes will convince its union employees to accept 950 (m) million dollars in annual cost cuts.
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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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The government moved in federal court yesterday to take over the pension fund for United Airlines&#39; pilots, an unusual step that it said was needed to prevent the airline and the pilots
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A federal bankruptcy court judge yesterday granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.
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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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With big labor savings assured, bankrupt US Airways  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.