November 7 - Third Omnibus Hearing



US has its third Omnibus Hearing scheduled for November 7. Omnibus Hearings are regular hearings each month before the judge to address any requests for relief that have been filed since the previous hearing.
The November 7 hearing will include final approval of the DIP financing agreements where RSA is scheduled to provided US with an additional $200 million and for any further Equity Plan Sponsors (EPS) to submit their bids.
This week interested parties in becoming the EPS are reviewing the same data provided to TPG at US' corporate headquarters in Arlington.
In addition, the judge will review multiple motions regarding the US fleet plan where the airline can reject aircraft leases or financiers can reclaim their aircraft.
The fourth and fifth Omnibus Hearings will be held on December 12 and January 16.