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How Did Usairways Get Financing To Buy New

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Aug 23, 2002
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I am very suprised that USAIRWAYS got financing to purchase new Embrailier regional jets with such a poor credit rating...

And how an airline "fresh" out of bankruptcy, can start-up a new division, with brand new equiptment, and at the same time evade lease agreements on other aircraft ... :unsure:


"Frank Lorenzo, where are you?"
 
I would say the main reason is that the POR at the time demonstrated the ability of Group to make money with these new aircraft. Dispensing with aircraft they contended they were losing money operating and convincing the financial community that they would be able to make money with the new type within the framework of MDA.
 

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