Secured debt of U.S. airlines at record low



[P][FONT face=Times New Roman size=3]This article below is an excellent read on how John Lutz, president of the Seabury Group, and US Airways'' management are renegotiating aircraft lease terms. For example, for some EETC holders, the monthly lease payment on B-737s have dropped from $270,000 to $90,000 per month. Without the bankruptcy filing, ALPA agreeing to lower the aircraft floor to 245 aircraft, and elimination of the pilot no furlough clause, these transactions to lower US Airways'' unit cost would likely not have occurred.[/FONT][/P]
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