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Federal government will guarantee USD 900m in loans to US Airways

Washington, Usa - If the carrier agrees to some conditions

Us federal government decided to guarantee USD 900m in loans to the country's airline US Airways, provided that it will agree on several conditions among which the offering of take off and landing slots at Ronald Reagan-Washington and La Guardia-New York City airports. Government also asks US Airways's unions, suppliers and lessors to help the company in reducing its costs of USD 1,2bn per year. US...

AVIONEWS - World Aeronautical Press Agency - 30920
Rome, Italy, 07/11/2002 14:16
AVIONEWS - World Aeronautical Press Agency

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