USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
US Airways CEO: Airline Has Finished Most Difficult Tasks
By Elizabeth Souder, Of DOW JONES NEWSWIRES, Dow Jones
NEW YORK (Dow Jones)--US Airways Group Inc. (UAIRQ) Chief Executive Bruce Lakefield declared the airline has accomplished the most difficult tasks of its Chapter 11 reorganization.
With new, cheaper contracts from every employee group, a new airplane finance deal with General Electric Co. (GE), and an arrangement with the Air Transportation Stabilization Board on use of cash, US Airways should emerge from bankruptcy in June, Lakefield said in a letter to frequent fliers during the weekend.
POST THE LINK PLEASE...
By Elizabeth Souder, Of DOW JONES NEWSWIRES, Dow Jones
NEW YORK (Dow Jones)--US Airways Group Inc. (UAIRQ) Chief Executive Bruce Lakefield declared the airline has accomplished the most difficult tasks of its Chapter 11 reorganization.
With new, cheaper contracts from every employee group, a new airplane finance deal with General Electric Co. (GE), and an arrangement with the Air Transportation Stabilization Board on use of cash, US Airways should emerge from bankruptcy in June, Lakefield said in a letter to frequent fliers during the weekend.
POST THE LINK PLEASE...