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- Aug 30, 2002
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US Airways close to $1bn in new financing
CHICAGO (Financial Times) - America West and US Airways are finalising details of a wide-ranging financing package that could provide more than $1bn in new financing for their proposed merger, including up to $500m in equity, helping to address fears about their weak balance sheets.
Details could emerge as early as this week. The two airlines are seeking three or four equity investors who would put in $125m each. The preliminary list includes Air Canada, Par Capital, a leading financial investor in America West, and Air Wisconsin, a regional partner, according to several people involved in the talks.
US Airways, Amer West Hope To Announce Merger
By Susan Carey
Of THE WALL STREET JOURNAL
NEW YORK (Dow Jones) - US Airways Group Inc. (UAIRQ) and America West Holdings Corp. (AWA) hope to announce a merger later this week and are in advanced negotiations with potential equity investors to raise as much as $400 million, according to people close to the situation.
The two carriers also are closing in on a $250 million loan from Airbus (ABI.YY) in return for placing an order for about 20 of the jetliner producer's new A350 model, people close to the situation said. An order would give Airbus its first North American customer for the A350, which is intended to compete with rival Boeing Co.'s (BA) new 787 Dreamliner.
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CHICAGO (Financial Times) - America West and US Airways are finalising details of a wide-ranging financing package that could provide more than $1bn in new financing for their proposed merger, including up to $500m in equity, helping to address fears about their weak balance sheets.
Details could emerge as early as this week. The two airlines are seeking three or four equity investors who would put in $125m each. The preliminary list includes Air Canada, Par Capital, a leading financial investor in America West, and Air Wisconsin, a regional partner, according to several people involved in the talks.
US Airways, Amer West Hope To Announce Merger
By Susan Carey
Of THE WALL STREET JOURNAL
NEW YORK (Dow Jones) - US Airways Group Inc. (UAIRQ) and America West Holdings Corp. (AWA) hope to announce a merger later this week and are in advanced negotiations with potential equity investors to raise as much as $400 million, according to people close to the situation.
The two carriers also are closing in on a $250 million loan from Airbus (ABI.YY) in return for placing an order for about 20 of the jetliner producer's new A350 model, people close to the situation said. An order would give Airbus its first North American customer for the A350, which is intended to compete with rival Boeing Co.'s (BA) new 787 Dreamliner.
REMAINDER DELETED - POST THE LINK