United Kingdom
United States
Asia Pacific
US Airways/America West merger ‘a step closer’
The planned merger between US Airways and America West has won approval from the US Air Transportation Stabilization Board.
Both carriers have loan guarantees with the ATSB – US Airways at $900 million and American West at $429 million.
The two airlines’ outstanding loan guarantees will be consolidated with payments beginning in September and running until 2010 if the merger is approved.
America West chairman and chief executive Doug Parker said: “Today’s announcement continues the positive momentum for our planned merger and brings us one step closer to building a stable future for our airlines.”
US Airways president and CEO Bruce Lakefield said: “We appreciate the ATSB working closely with us to further our efforts to restructure US Airways and preserve jobs while protecting the federal government’s interests. Their action will enable US Airways to become a stronger and more viable airline.”
Report by Phil Davies
Phil Davies
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel