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Us Airways defers payments on debt securities
Arlington, Usa - A greater risk of bankruptcy
US Airways Group will defer payments on debt securities backed by some of its airplanes, a move that could put the financially strapped airline at an even greater risk of bankruptcy. US Airways, the sixth-largest U.S. carrier, is struggling to slash a total of USD 1.3bn in costs stemming largely from its labor and debt contracts. The air carrier runs the risk of having its lenders and creditors officially...
AVIONEWS - World Aeronautical Press Agency - 30566
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency