US Airways Media Advisory + Dave''s Comments

Status
Not open for further replies.
C

chipmunn

Guest
[DIV class=majortitles style=WIDTH: 517px; HEIGHT: 19px][STRONG]MEDIA ADVISORY [BR][BR]US AIRWAYS TO FILE PLAN OF REORGANIZATION[/STRONG][/DIV]
[DIV class=bodytext][BR]
[P class=bodytext][FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular color=#000000]ARLINGTON, Va., Dec. 20, 2002 -- [/FONT][NOBR]US Airways[/NOBR] will file its Joint Plan of Reorganization of [NOBR]US Airways[/NOBR] Group, Inc. and its Affiliated Debtors and Debtors-in-Possession and related Disclosure Statement later today with the U.S. Bankruptcy Court for the Eastern District of Virginia. Today's filing maintains the reorganization timetable announced in August 2002, at the commencement of the Company's fast-track Chapter 11 reorganization, which contemplates confirmation of the Company's reorganization plan by March 31, 2003.[BR]
[P class=bodytext]The Plan of Reorganization and the accompanying disclosure statement will lay out the steps to emerge from Chapter 11 protection and how the company will be restructured. A hearing on the adequacy of the Disclosure Statement being filed today will be held by the Bankruptcy Court on Jan. 16, 2003.[BR]
[P class=bodytext]As a courtesy to the news media, the company advises that the planned electronic filing with the Bankruptcy Court today is scheduled to occur this evening after the close of business (and that a related filing on Form 8-K with the Securities and Exchange Commission will be made early next week). The company will issue a news release via PR Newswire and make the filings available on the company’s Web site at www.usairways.com, as soon as practicable, but it is unlikely that it will be in time for this evening’s routine deadlines.[FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular color=#000000 size=2][/FONT][BR]
[P class=bodytext][FONT color=#000000]Rep[A class=bodytext][FONT color=#000000]orters needing additional information should contact [NOBR]US Airways[/NOBR] Corporate Communications at [NOBR](703) 872-5100.[/NOBR][/FONT] [/A][/FONT][/P][/DIV]
 
Dave Siegel will provide a special recorded message update tomorrow.[BR][BR]Chip
 
Status
Not open for further replies.