US Airways, Lenders File Cash Pact
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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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A unit of American Express Co. agreed Monday to provide Delta Air Lines Inc. with up to $600 million in financing - if the cash-strapped airline persuades its reluctant pilots to accept $1 billion in concessions.
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Cash-strapped US Airways of Virginia got a short-term fix from its lenders that could keep it airborne until January, the Wall Street Journal said Tuesday.
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ATLANTA -- US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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US Airways Group Inc. and its pilots union plan to resume talks on $295 million in pay and benefit cuts the carrier needs to help avoid a second bankruptcy filing, after each side made a proposal over the weekend.
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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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US Airways Group Inc. has reached an agreement with its lenders and the U.S. government to extend financing necessary for the bankrupt airline to operate through mid-January, court documents showed Tuesday.
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The tentative agreement between US Airways and its pilots' union includes $300 million in annual wage and benefit cuts.
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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
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US Airways Group Inc. and its pilots union agreed to resume negotiations on wage and benefits cuts the carrier is seeking to operate during bankruptcy protection.
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Several lenders to bankrupt air carrier US Airways (UAIRQ.OB: Quote, Profile, Research) agreed to extend the terms of their financing arrangement to mid-January, the Wall Street Journal reported on Tuesday, citing unnamed
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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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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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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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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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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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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.