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[usairways_vote_NO]

In light of this new equity commitment and substantial progress being made in US Airways' restructuring, General Electric's GECAS subsidiary and other affiliates have agreed to US Airways' request to extend the date by which the company will file its Plan of Reorganization until April 15, 2005

 

[jimntx]

UVN, do we see a pattern emerging here? Has U decided to give UAL a run for its money in the "who can stay in bankruptcy longest by delaying the POR"?

 

[USA320Pilot]

Yesterday, USA320Pilot wrote:

The company is required to file its plan of reorganization (POR) by its GECAS agreement by March 15 and by the bankruptcy court by March 31. Those dates can be changed by consent of GECAS and the bankruptcy court. Earlier this year US Airways was required to file its POR by February 15 and GECAS and the court agreed to extend the date to March 15. During last week’s MEC meeting chief executive Bruce Lakefield said that all of US Airways financial partners and the ATSB want to see the company survive and are working with the airline. Thus, it’s reasonable to assume those parties will work with the company again, and if necessary, will extend the date required to file the POR. In fact, the company hinted at that this earlier this week in a column written by the Pittsburgh Tribune-Review.

The newspaper noted US Airways stated on Feb. 14 that it delayed by one month the filing of the plan. But yesterday, spokesman David Castelveter said the airline would "not tie ourselves to when we'll have a plan." He also said the airline might ask the court to extend past March 31 the time it -- and not creditors -- has exclusive right to present a reorganization plan.

See Story

Regards,

USA320Pilot

 

[MCI transplant]

In light of this new equity commitment and substantial progress being made in US Airways' restructuring, General Electric's GECAS subsidiary and other affiliates have agreed to US Airways' request to extend the date by which the company will file its Plan of Reorganization until April 15, 2005

[post="255569"][/post]​

<_< How apropreate! "Income Tax Day"!!!!!!

 

[usairways_vote_NO]

<_< How apropreate! "Income Tax Day"!!!!!!

[post="255662"][/post]​

April 1st would be more appropriate for everything about this company.