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NEW YORK, Dec 7 (Reuters) - The chief executive of the primary lender to bankrupt US Airways Group (OTC BB:UAWGQ.OB - News) said he would liquidate the airline if unions refused to provide $200 million in additional wage and benefit concessions, The New York Times reported on Saturday.
If they don''t want to do this, we''ll Chapter 7 it. Alabama Retirement Systems has provided Arlington, Virginia-based US Airways with debtor-in-possession financing to help it operate while under bankruptcy protection. Bronner said that without the concessions, we''ll pull the DIP financing and they''re gone
NEW YORK, Dec 7 (Reuters) - The chief executive of the primary lender to bankrupt US Airways Group (OTC BB:UAWGQ.OB - News) said he would liquidate the airline if unions refused to provide $200 million in additional wage and benefit concessions, The New York Times reported on Saturday.
If they don''t want to do this, we''ll Chapter 7 it. Alabama Retirement Systems has provided Arlington, Virginia-based US Airways with debtor-in-possession financing to help it operate while under bankruptcy protection. Bronner said that without the concessions, we''ll pull the DIP financing and they''re gone
