C
chipmunn
Guest
Joesy:
The ALPA restructuring agreement provides a minimum of 245 aircraft in bankruptcy and a minimum 275 aircraft out of bankruptcy. The current fleet count stands at 301 aircraft.
October 9 is the 60th day since the bankruptcy filing where the law makes it easier for the company to dispose of excess aircraft. US Airways has reached restructuring agreements with 16 of 18 lease companies and only 10 of 32 aircraft scheduled for retirement have obtained court approval to reject the lease agreements.
The court said it would rule on the remaining two lessor objections, and presumably the 22 aircraft whose lease agreements have not been restructured, as soon as possible, reportedly before October 9.
Chip
The ALPA restructuring agreement provides a minimum of 245 aircraft in bankruptcy and a minimum 275 aircraft out of bankruptcy. The current fleet count stands at 301 aircraft.
October 9 is the 60th day since the bankruptcy filing where the law makes it easier for the company to dispose of excess aircraft. US Airways has reached restructuring agreements with 16 of 18 lease companies and only 10 of 32 aircraft scheduled for retirement have obtained court approval to reject the lease agreements.
The court said it would rule on the remaining two lessor objections, and presumably the 22 aircraft whose lease agreements have not been restructured, as soon as possible, reportedly before October 9.
Chip