Unsecured Creditors: Keep US Airways Flying! | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

 Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Wed, Sep 22, 2004

Unsecured Creditors: Keep US Airways Flying!

Lakefield Wants To Emerge From Bankruptcy As Regional LCC

US Airways four major unions and nine biggest creditors are now members of the creditors' committee, aimed at seeing the airline through its second bankruptcy in as many years.

The Washington Post reports almost 200 lawyers, creditors and financial types crowded into a hotel ballroom, hoping for a spot on the creditors' committee. They also heard from CEO Bruce Lakefield, who told them US Airways hopes to emerge from its latest bankruptcy as a low-cost carrier, along the lines of a Southwest or a JetBlue.

But in the meantime, Lakefield says he needs $800 million in further concessions from the unions, If they don't give up the concessions voluntarily, the bankruptcy court could order them enacted on a temporary basis.

"We intend to use all the tools that are available to us," Lakefield was quoted by the Post as saying. "No matter what, the survival of the airline depends on having comparable wages with low-cost carriers."

FMI: www.usairways.com

Advertisement

More News

ANN's Daily Aero-Term (04.26.24): DETRESFA (Distress Phrase)

DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]

ANN's Daily Aero-Linx (04.26.24)

Aero Linx: The International Association of Missionary Aviation (IAMA) The International Association of Missionary Aviation (IAMA) is comprised of Mission organizations, flight sch>[...]

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne-NextGen 04.23.24: UAVOS UVH 170, magni650 Engine, World eVTOL Directory

Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Airborne 04.26.24: Beta Alia 250, SPEEA v Boeing, Anti-Av Climate Attacks

Airborne-Flight Training 04.25.24: eDA40 Progress, LIFT-Tuskegee, U of OK

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC