Usairways To Be Bought?/merged threads

[atoguy]

Acording to an article in the Charlotte paper a
legal group has filed papers in BK court to buy
USairways. They say the have investors and
probably need 1 billion dollars to buy. Say most
of the money if from over seas. Timetable May or June.

 

[Severed-N-Happy]

USAIRWAYS "In Play"

http://www.usaviation.com/forums/index.php?showtopic=18625

 

[atoguy]

Sorry folks it is in the Pittsburgh Post Gazette



java script😱l('http://www.post-gazette.com/pg/05034/451915.stm');

 

[UseYourHead]

Any news on this group this week?

Acording to an article in the Charlotte paper a
legal group has filed papers in BK court to buy
USairways. They say the have investors and
probably need 1 billion dollars to buy. Say most
of the money if from over seas. Timetable May or June.

[post="245509"][/post]​

 

[a320av8r]

Published: February 07, 2005 10:08 AM Dow Jones
Related Quotes


UAIRQ 1.22 Up0.09 7.96%

By Elizabeth Souder
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--An overseas investment group filed a brief with the bankruptcy court stating it wants to buy US Airways Group Inc. (UAIRQ).

Legal Research Inc. of Kennesaw, Ga., filed the brief on behalf of the investor last month. Sallijo Freeman, director of Legal Research, said the investor has the financing for the deal, and intends to continue operating US Airways.

Freeman declined to name the client or describe them in any more detail. Officials with US Airways weren't immediately available to comment.

US Airways has been restructuring under bankruptcy court protection, and recently top executives declared they'd accomplished the biggest, most difficult changes by cutting labor costs.

Further, US Airways currently has the exclusive right to present a business plan to the court. Freeman said she will ask court to consider her client's investment plans.

U.S. airlines cannot legally be 100% foreign-owned. Freeman said her client will comply with all laws and regulations.

By Elizabeth Souder, Dow Jones Newswires; 201-938-4148; elizabeth.souder@dowjones.com
😛h34r:
(END) Dow Jones Newswires

02-07-05 1002ET

 

[airbiiguy]

Branson?? but he's got his own brand to run so its prob not him.

 

[mweiss]

Doesn't mean it's not him...buying up the assets and rebranding is fairly easy to do.

 

[delldude]

this has been reported already now twice in the last 2 weeks...same story,same line..........
i believe BOEING BOY broke it and delldude did some follow up.....
thanks for your research......who da' man??? who da man???
heres the latest greatest from dickie da'man...... our new direction via the transformation plan
tell me it doesn't smell like its cookin'.............

 

[BoeingBoy]

Here's what started all the fuss....

BK Court Filing

Jim

 

[mweiss]

Looks like the first person to mention it around here was Lilninj, way back in October, 2002. No posts from this person in a year and a half, though.