Court Today

Sep 9, 2002
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During court hearing today, Jugde Mitchell hinted he may not rule immediately on USAirways request to implement emergency labor cuts for its unionized workers.

In court papers, USAirways warned that it may have to liquidate by mid-Feb if it can't implement a 23% wage cut on its unionized labor.

The airline said the 38 million a month in temporary labor savings, along with 5 mil a month in other cuts, would allow it to rebuild its cash postion during the lean winter months.
 
Guess I'll revise my "box score":

IAM - 1/2 (they got the hearing)
Company - 1 (IAM motion to delay denied)

Pending the meaning of the pension payment decision....

Jim

ps - so far 3 aircraft leasors have petitioned for money to protect them from reduction in the value of their assest (increased time and cycles) due to the continued use of their planes while in BK.
 

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