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US Airways' plan receives approval by its major creditors
New York, Usa - It implies the cancellation of many employee labor contracts if the court of bankruptcy fails to obtain voluntary concessions from the units
US Airways plan receives approval by its major creditors, which hold billions in claims and are worry for their unsecured finances, to cancel labor contracts, covering thousands of the carrier's employees, if the court of bankruptcy fails to obtain voluntary concessions form the respective unions. In particular, during a recent meeting of carrier's creditors, they confirmed to be right US Airways'...
AVIONEWS - World Aeronautical Press Agency - 109146
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency