US Airways, fresh from Chapter 11 bankruptcy, is still trying to
find a way to turn a profit. Now, the airline has struck a deal
with the Air Transportation Stabilization Board to restructure the
$1 billion loan it got after coming out of bankruptcy a year ago,
hoping to balance the books.
"This agreement gives us a narrow window for management and
labor to continue to work together to make the changes necessary to
get this company back to profitability."
Source: David Bonner, Chairman of US Airways,
after announcing that the Air Transportation Stabilization Board
has agreed to restructure the company's $1 billion loan. The
airlnie has repaid $250 million on the loan, executed after US
Airways emerged from Chapter 11 bankruptcy a year ago.
SUBJECT: Wing Bolts
SUMMARY: This amendment adopts a new airworthiness
directive (AD), applicable to all Boeing Model 707 and 720 series
airplanes, that requires inspection of the bolt forward of the wing
front spar upper chord on the overwing support fittings of the
inboard and outboard nacelle struts to verify that BACB30US type
bolts are installed. If any other type of bolt is found, this
amendment requires replacement with a new BACB30US type bolt.