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






Airborne On ANN

Airborne 10.24.16

Airborne 10.25.16

Airborne 10.26.16

Airborne 10.20.16

Airborne 10.21.16

Airborne Hi-Def On YouTube

Airborne 10.24.16

Airborne 10.25.16

Airborne 10.26.16

Airborne 10.20.16

Airborne 10.21.16

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!



More News

Airborne 10.24.16: Obnoxious NIMBY Report, Scorpion Jet, AMA Remote Pilot Test

Also: Schiaparelli Probe, Spirit Of Aviation, Bell 429, Commuter Craft, Master Pilot Award, Predator B, Space Debris A new study released by the Mercatus Center at George Mason Uni>[...]

ANN's Daily Aero-Linx (10.25.16)

Santa Moncia City Council Candidates Sound Of On FAA Battle Recently, the Santa Monica Lookout sent a series of questions to candidates for City Council, one of which dealt with th>[...]

ANN's Daily Aero-Term (10.25.16): Dead Reckoning

Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed, groundspeed, a>[...]

Aero-News: Quote of the Day (10.25.16)

“The GIV and G450 ushered in a business aviation renaissance that has led to increased safety, greater reliability, better technology and improved performance. It’s fit>[...]

ANN FAQ: Feel The Propwash (Updated)

New Form Makes Subscribing, Unsubscribing Even Easier While we're very proud of our newly-redesigned website, we know that some folks really enjoy the convenience of having their A>[...]

blog comments powered by Disqus





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