Damn those FACTS, they just keep getting in the way huh?? We need to do something about those FACTS because its far better to believe the lies huh Oldie 🙄 Yeah Ive been laughing at you as well because the FACTS of the TRUTH hurt you and make you look extremely bad as well as uninformed!! I think the NY Times said what I said as well, that AAA in 04 had to return big planes to the lease holder and they tried to get RJ's but even they were not wanting to deal with AAA. I wonder why? 🙄 Oh yeah, its those FACTS
AWA320
http://query.nytimes.com/gst/fullpage.html?res=9506E0DF1531F934A35751C1A9629C8B63
But Mr. Hubschman of GE Capital Aviation said, ''We can flex our muscles by moving our assets.''
His company did just that last month at US Airways, when it struck a deal to take back 25 planes it had financed.
That freed up $140 million for US Airways, which will use it for a fleet of regional jets. But GE Capital Aviation also demanded that US Airways put all of its restructuring plan into place by mid-January and be out of bankruptcy by the end of June, the first time any such timetable had been mapped out. US Airways is in its second round of bankruptcy protection in two years. And it is warning that it could liquidate next year unless it can make deep cuts in both operations and union contracts; that would be the third such round of concessions for employees. GE Capital Aviation is not the airline's only overseer. It is operating under strict cash limits set by the federal Air Transportation Stabilization Board, created to oversee $10 billion in loan guarantees that were part of a post-Sept. 11 bailout plan.
By filing for bankruptcy, US Airways defaulted on its $717 million loan balance, which is secured by its cash, airplanes, routes and airport gates.
The board agreed the airline could use its cash. But representatives of the board, along with other lenders, must decide soon whether to extend the arrangement beyond mid-January.