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-11.10.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-11.07.25

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 FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: Bob Hoover At Airventure -- Flight Test and Military Service

From 2011 (YouTube Edition): Aviation's Greatest Living Legend Talks About His Life In Aviation (Part 5, Final) ANN is pleased to offer you yet another snippet from the public conv>[...]

Aero-News: Quote of the Day (11.12.25)

“All Air Traffic Controllers must get back to work, NOW!!! Anyone who doesn’t will be substantially ‘docked. For those Air Traffic Controllers who were GREAT PATR>[...]

ANN's Daily Aero-Linx (11.12.25)

Aero Linx: American Navion Society Welcome to the American Navion Society. Your society is here to support the Navion community. We are your source of technical and operating infor>[...]

ANN's Daily Aero-Term (11.12.25): Glideslope Intercept Altitude

Glideslope Intercept Altitude The published minimum altitude to intercept the glideslope in the intermediate segment of an instrument approach. Government charts use the lightning >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 10.03.25: Phantom 3500 Buy, ‘Chinese Military Company’, NOTAM Redesign

Airborne Affordable Flyers 10.02.25: MOSAIC Start Date, AFE25 Tickets, ePulitzer

Airborne 10.01.25: New Gulfstream G300, Affordable Flying Expo Tkts, Starship 11

See All

Advertisement

Podcasts

Advertisement

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