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Creditors back US Airways, want vote on restructuring
WASHINGTON (Reuters) - US Airways Group Inc received a boost when its committee of unsecured creditors said it would support the airline's bankruptcy restructuring plan, which includes its merger with America West Airlines.
The committee said in court papers filed late this week that it was satisfied with proposed modifications in the airline's disclosure statement and recommended the plan be approved.
"The America West transaction is key to (US Airways') reorganization and is supported by the committee," the group said in its filing.
Bankrupt United Airlines was upended by its creditors committee earlier this week when the group forced the carrier to delay filing its reorganization plan in Chicago. United's creditors will take another month to review the proposal.
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USA320Pilot
WASHINGTON (Reuters) - US Airways Group Inc received a boost when its committee of unsecured creditors said it would support the airline's bankruptcy restructuring plan, which includes its merger with America West Airlines.
The committee said in court papers filed late this week that it was satisfied with proposed modifications in the airline's disclosure statement and recommended the plan be approved.
"The America West transaction is key to (US Airways') reorganization and is supported by the committee," the group said in its filing.
Bankrupt United Airlines was upended by its creditors committee earlier this week when the group forced the carrier to delay filing its reorganization plan in Chicago. United's creditors will take another month to review the proposal.
See Story
Regards,
USA320Pilot
