US Airways, Still Slipping, Looks to March 31 | 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-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.12.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Tue, Mar 25, 2003

US Airways, Still Slipping, Looks to March 31

Missing Payments, Still Plans to Emerge From Chapter 11

Although the obvious questions is, "Why?" US Airways is declaring that it's still on track to emerge from Chapter 11 next week.

Last Thursday, some $27 million due -- on over a dozen of the airline's Airbus airliners -- was skipped, as it didn't send a check to Retirement Systems of Alabama, the largest bidder in the airline's emergence plan. RSA, though, has already loaned the failed airline $369 million, and would stand to lose a bunch of that, too, if it calls its notes, as it could, within five business days of Thursday's default.

The airline also missed payments February 20 and March 7, to RSA, for nearly $70 million; there is obviously an "arrangement" in place, or RSA's investors would be screaming bloody murder...

FMI: www.usairways.com

Advertisement

More News

ANN's Daily Aero-Linx (12.12.25)

Aero Linx: Commercial Aviation Safety Team (CAST) Founded in 1997, the Commercial Aviation Safety Team (USCAST) has developed an integrated, data-driven strategy to reduce the comm>[...]

ANN's Daily Aero-Term (12.12.25): Land And Hold Short Operations

Land And Hold Short Operations Operations that include simultaneous takeoffs and landings and/or simultaneous landings when a landing aircraft is able and is instructed by the cont>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

NTSB Final Report: Cirrus Design Corp SF50

Pilot’s Inadvertent Use Of The Landing Gear Control Handle Instead Of The Flaps Selector Switch During The Landing Rollout Analysis: The pilot reported that during the landin>[...]

Airborne 12.08.25: Samaritan’s Purse Hijack, FAA Med Relief, China Rocket Fail

Also: Cosmonaut Kicked Out, Airbus Scales Back, AF Silver Star, Russian A-60 Clobbered A Samaritan’s Purse humanitarian flight was hijacked on Tuesday, December 2, while atte>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC