Us Airways Makes Deal with Ge On Financing
Deseret News (Salt Lake City) › November 27, 2004
Linked as:
Summary
ARLINGTON, Va. -- US Airways Group Inc. said Friday it has reached agreement with General Electric Co. on aircraft leasing and financing terms that will help the airline lower costs and reduce debt as it seeks to avoid liquidation. The airline will also have to do more cost cutting on its own.
The deal will provide the airline, based in Arlington, Va., and now operating under bankruptcy protection, with $140 million in short-term liquidity and the deferral of aircraft debt and lease payments due over the next six months.See the full content of this document
Extract
Us Airways Makes Deal with Ge On Financing
The agreement was filed Friday in U.S. Bankruptcy Court in Alexandria, Va. If approved, it is expected to provi...
See the full content of this document
Sponsored links
