US Airways Receives Cash Infusion From Regional Carrier | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.28.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.27.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.28.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.27.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Fri, Nov 07, 2008

US Airways Receives Cash Infusion From Regional Carrier

Air Wisconsin Lends Airline $35 Million

US Airways is getting by with a little help from its friends. Air Wisconsin Airlines revealed Thursday it plans to provide the carrier with a $35 million loan, as part of a larger $950 million financing plan US Airways announced in October.

The Milwaukee Journal-Sentinel reports the loan has a 12-month initial term, though US Airways may opt to double that timeframe for additional penalties, and assuming certain conditions are met.

Air Wisconsin is a regional subsidiary for US Airways.

"As the regional carrier operating the largest fleet of US Airways Express aircraft, Air Wisconsin remains committed to supporting US Airways success," said Air Wisconsin president and CEO Jim Rankin.

US Airways reports it has closed on roughly $800 million in new funding as of October 20. Half that amount will be used to pay down interest against the  $1.6 billion bank debt the airline carries, with the balance going toward normal operating costs.

There's no doubt, we're talking serious money here... as the loan amount from Air Wisconsin alone could buy 17.5 million Cokes onboard US Airways flights!

FMI: www.usairways.com

Advertisement

More News

ANN's 2017 AirVenture Innovation Preview is Going To Be A Stunner!

Early Confirmations Show An Amazing Assortment of Exciting New Products and Technologies! It may be the most impressive line-up of new technology to ever be featured in our Innovat>[...]

Airborne 06.27.17: SpaceX Doubles!, Sean Tucker Retirement, FA Changes

Also: Shoreham Update, Aero-Calendar, AUVSI, Fighter Pilots, André Borschberg, Airport Crimes, Drone Conference SpaceX, in the midst of a greatly accelerated launch pace, pu>[...]

Airborne-Unmanned 06.27.17: AUVSI On Senate Bill, Intel Olympics, NIGHTWARDEN

Also: DRL Winner $$, Kespry Enters Insurance Sector, Drone Sim Market, Automated Vehicles Symposium Brian Wynne, president and CEO of AUVSI, issued a statement on the unmanned airc>[...]

AMA Drone Report 06.22.17: FAA Reauthorization, Rotor Riot Int'l, DRL on ESPN

Also: Drones at Oshkosh!, Drone Regulatory Effort, AMA Drone Report-Help Wanted, Aero-TV: MultiGP Drone Racing The House of Representatives has published initial language to reauth>[...]

U.S. Rocketry Students Impress At Internationals, Win Gold

Students From Festus, MO Become Third Consecutive U.S. Team To Take Top Spot The 10-student team from Festus High School in Festus, MO bested the world's best rocketry teams and to>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC