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US Airways restructuring remains on track
Arlington, Usa - Retirement systems of Alabama to serve as the airline's new equity plan sponsor
US Airways' restructuring plan to emerge from Chapter 11 protection by early 2003 remains on track, following decisions issued today by the U.S. Bankruptcy Court to allow the Retirement Systems of Alabama (RSA) to serve as the airline's new equity plan sponsor and provide the USD 500m financing for the Company's debtor-in-possession (DIP) funds. Judge Stephen S. Mitchell also approved the terms...
AVIONEWS - World Aeronautical Press Agency - 33954
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency