United Kingdom
United States
Asia Pacific
US Airways to keep flying
Sunday, 13 Oct, 2004
0
US Airways’ chief lenders reportedly agreed to extend financing arrangements into January.
The bankruptcy court must approve the move, but if it does, it will put increased pressure on management and unions to make a deal, says The Wall Street Journal.
The arrangement assumes US Airways will get its asked-for cuts.
If US Airways had been denied the agreement with its lenders, the airline would be forced to liquidate, the newspaper said.
The deal means the airline is likely to keep flying as scheduled at least through early next year.
Report by David Wilkening
David
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