Us Airways Gets Permission For Gov't Loan

[USA320Pilot]

The airline also sought permission at the hearing to avoid making a $110 million contribution to the pension plans of its machinists and flight attendants that was scheduled to be paid on Wednesday. Judge Mitchell scheduled a hearing on the issue for Oct. 7, even after a lawyer representing the Pension Benefit Guaranty Corp. requested an expedited review, noting that the payments are mandated by federal law.

An attorney representing US Airways told the judge that the airline had no intention of liquidating. "This management team isn't here to preside over a liquidation," Brian Leitch said, adding that the plan is to transform "into a vibrant competitor."

Complete Story

Regards,

USA320Pilot

 

[robbedagain]

oh but of course it could also be a lot worse for the helpless victims of this inept mgmt--say may be the wages could go lower than what say jb or awa are according to the way our ceo said outside the courthouse.

and also that rsa left open the possibility that they could invest more into the airline. of course that is after the inept clowns are done screwing and raping the employees until there is nothing left for them to steal from us the employees!!