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-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

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

NTSB Final Report: Rutan Long-EZ

He Attempted To Restart The Engine Three Times. On The Third Restart Attempt, He Noticed That Flames Were Coming Out From The Right Wing Near The Fuel Cap Analysis: The pilot repor>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Classic Aero-TV: ICAS Perspectives - Advice for New Air Show Performers

From 2009 (YouTube Edition): Leading Air Show Performers Give Their Best Advice for Newcomers On December 6th through December 9th, the Paris Las Vegas Hotel hosted over 1,500 air >[...]

ANN's Daily Aero-Linx (06.28.25)

Aero Linx: NASA ASRS ASRS captures confidential reports, analyzes the resulting aviation safety data, and disseminates vital information to the aviation community. The ASRS is an i>[...]

Aero-News: Quote of the Day (06.28.25)

“For our inaugural Pylon Racing Seminar in Roswell, we were thrilled to certify 60 pilots across our six closed-course pylon race classes. Not only did this year’s PRS >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 07.01.25: Volocopter Returns, B23 Energic, Iran Tech In UAVs?

Airborne 06.30.25: US v ADS-B Misuse, Nat’l STOL Fire, Volocopter Resumes

Airborne 06.27.25: ANN's HUGE OSH Coverage!, NCAR Racing Seminars, JFK Lawsuit

See All

Advertisement

Podcasts

Advertisement

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