C
chipmunn
Guest
[A href=http://biz.yahoo.com/rf/021205/airlines_usairways_bronner_3.html]http://biz.yahoo.com/rf/021205/airlines_usairways_bronner_3.html[/A][BR][BR]
[P]US Airways'' request for financial aid from a government board, which would come in the form of a 90 percent guarantee on a $1 billion loan, has been granted conditional approval.
[P]But a major condition of the board''s willingness to guarantee airline loans is that the airlines must secure the last 10 percent in backing themselves.
[P]US Airways has secured $25 million in backing, but Airbus is giving them a hard time on the $75 million, said Bronner, who has volunteered to step in with the $75 million himself if needed.
[P]Either Airbus is going to be realistic, or they''re going to be out of the equation, Bronner said.[/P]
[P]US Airways'' request for financial aid from a government board, which would come in the form of a 90 percent guarantee on a $1 billion loan, has been granted conditional approval.
[P]But a major condition of the board''s willingness to guarantee airline loans is that the airlines must secure the last 10 percent in backing themselves.
[P]US Airways has secured $25 million in backing, but Airbus is giving them a hard time on the $75 million, said Bronner, who has volunteered to step in with the $75 million himself if needed.
[P]Either Airbus is going to be realistic, or they''re going to be out of the equation, Bronner said.[/P]