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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.19.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.19.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

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

Oshkosh 2016: The Highs, The Lows, The Heroes and The Bozos…

A Look Back At The Aero-Equivalent Of Burning Man, Woodstock, And An Old Fashioned Tent Revival—All Rolled Into One Week in Wisconsin With Oshkosh all of a few weeks in the r>[...]

Airborne 08.24.16: Northrop Grumman T-X, Refurbished F-14A, Helo Cash Drop

Also: Mini-Drone, Avilution, Narita Tower, US/Mexico Av-Agreement, UK Helipads Too Small, FAA Employee Busted, Proba-3 If it was a secret, it isn’t now, as a few images of No>[...]

Airborne 08.23.16: Santa Monica Fights On, ISS Readies, ICAO Flight Plans

Also: ANN Is Hiring!, Aero-Calendar, UAV v Helo, AIA Briefs Clinton, First LM-100J, Teamsters, Smalltrack A resolution has been considered by the Santa Monica City Council would ma>[...]

Airborne 08.24.16: Northrop Grumman T-X, Refurbished F-14A, Helo Cash Drop

Also: Mini-Drone, Avilution, Narita Tower, US/Mexico Av-Agreement, UK Helipads Too Small, FAA Employee Busted, Proba-3 If it was a secret, it isn’t now, as a few images of No>[...]

AD: Rolls-Royce Deutschland Ltd & Co KG Turbofan Engines

AD NUMBER: 2016-17-01 PRODUCT: All Rolls-Royce Deutschland Ltd & Co KG (RRD) Tay 650-15 and Tay 651-54 turbofan engines.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC