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US Airways financed by General Electric

Phoenix, USA - The loan should cover one third of airline's debt

US Airways, the fifth largest US carrier, is seeking to exit bankruptcy protection and refinance its USD 3bn in debt, in order to join the consortium with America West in September. The alliance expects the infusion of USD 1.7bn in capital from several sources, including European avionic industry Airbus. US Airways Group Inc., as part of reorganization program, announced it signed a commitment letter...

AVIONEWS - World Aeronautical Press Agency - 137723
Rome, Italy, 03/17/2006 14:10
AVIONEWS - World Aeronautical Press Agency

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