Judge lets airline tap loan for operations
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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 the airline to continue normal operations while it searches for alternative financing.
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US Airways and its largest lender yesterday struck a new financing arrangement that could free up $140 million while the strapped airline remains in bankruptcy -- but only if holdout unions agree to major cost cuts.
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ALEXANDRIA, Va. -- US Airways Group Inc. has reached an agreement with its lenders and the US government to extend financing necessary for the bankrupt airline to operate through mid-January, court documents showed Tuesday.
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A federal bankruptcy court judge on Tuesday approved a &#36;117 million bid from Southwest Airlines  for assets of ATA Holdings Corp. , clearing the way for a deal that allows the airlines to sell tickets on some of each other's flights.
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November 26, 2004 (CHICAGO) - A US Bankruptcy Court judge in Chicago has blocked efforts by a creditors&#39; group to repossess 14 United Airline jets.
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United Airlines' flight attendants and pilots ratified new contracts yesterday, agreeing to additional givebacks as the struggling carrier tries to emerge from more than two years of bankruptcy.
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The company will begin payments ranging from $25 toward a future flight to a round-trip ticket to passengers kept waiting by the airlineâs own mistakes.
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United Airlines has again been granted a 30-day extension to file its reorganization plan, Reuters is reporting. Judge Eugene Wedoff gave the bankrupt airline, a unit of UAL Corp.
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A bankruptcy court judge on Friday granted United Airlines (UALAQ.OB: Quote, Profile, Research) another 30-day extension to file its reorganization plan.
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US Airways also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    The hearing came a day after the release of court papers in which United warned it likely will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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The Wall Street Journal reports that the carrier&#39;s largest creditor has agreed to an aircraft leasing and financing deal that would give US Airways a financial lifeline.
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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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A federal judge in Albany upheld a state law that would penalize airlines failing to provide adequate services to passengers trapped on the tarmac for more than three hours.
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United Airlines reached an agreement with creditors that, if approved, could eliminate $450 million of debt. The agreement concerns $600 million in municipal bond debt
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A federal bankruptcy judge on Friday  agreed to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million a year.
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Bankrupt US Airways received approval yesterday to use $745 million in cash over the next three months, but a US Bankruptcy Court judge gave lawyers