Debt Restructure

[nycbusdriver]

US Airways Completes
$1.6 Billion Refinancing

"....Upon funding, the company extinguished two separate debt facilities: a $1.25 billion senior secured credit facility and a $325 million unsecured debt facility. The additional $25 million will be used for general corporate purposes..."



This $25 million in "found" money for general corporate purposes. Is that the Tempe Beer Fund?

:unsure: :angry:

 

[BoeingBoy]

Is that the Tempe Beer Fund?

:unsure: :angry:

What'll they use for beer next year?

Jim

 

[Hope777]

What'll they use for beer next year?

Jim

Come on Jim, You know another round of Pay cuts is just around the corner...
Thank God you are Retired. Gotta tell you, saw Johnny Jones the other day. The Old Guy looks good. Even Met his New Wife. Only Captain I ever met that would sign his release backwards. But then again, they were the good ole days......

 

[as the prop turns]

Come on Jim, You know another round of Pay cuts is just around the corner...
Thank God you are Retired. Gotta tell you, saw Johnny Jones the other day. The Old Guy looks good. Even Met his New Wife. Only Captain I ever met that would sign his release backwards. But then again, they were the good ole days......

Yeah....stuffing non-rev's in the blue room or flight deck.
Yup, those WERE the days!!!

 

[Fly4Free]

next they'll be removing all the light bulbs from the planes.

 

[BuffaloJoe]

next they'll be removing all the light bulbs from the planes.

And giving the passengers White Sticks/canes.