Federal agency nears merger ruling
ATSB backs loans to US Airways, America West in wake of 9-11
TONY MECIA
The federal panel that backs more than $1 billion in loans to US Airways and America West Airlines expects to make a decision on the airlines' merger plans within a month.
In an interview Thursday with the Observer, the executive director of the Air Transportation Stabilization Board, Mark Dayton, said the board has reached no verdict on whether to approve the merger. But he said that even if the panel found that the link-up increases financial risk, it could sign off on the deal and require an accelerated payoff or a higher interest rate.
Charlotte Observer (free subscription)
ATSB backs loans to US Airways, America West in wake of 9-11
TONY MECIA
The federal panel that backs more than $1 billion in loans to US Airways and America West Airlines expects to make a decision on the airlines' merger plans within a month.
In an interview Thursday with the Observer, the executive director of the Air Transportation Stabilization Board, Mark Dayton, said the board has reached no verdict on whether to approve the merger. But he said that even if the panel found that the link-up increases financial risk, it could sign off on the deal and require an accelerated payoff or a higher interest rate.
Charlotte Observer (free subscription)