Re: The B Message from US

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



Leo,
I wouldn't worry yet.  The first step is Chapter 11, reorganization.  The
airline will still be operating for the most part.  This is where everyone
gets together that US is involved with and agrees on a plan for payments and
the management of its assets.  Could be any number of scenarios the court
sets up and parties agree upon. Chapter 11 can last a year or more.
If things don't work out, then it's Chapter 7..liquidation.

But....to answer your question..Yes!  US Airways is going bankrupt.

Walter
DCA


----- Original Message -----
From: "Leo Futia" <LFutia@aol.com>
To: <AIRLINE@LISTSERV.CUNY.EDU>
Sent: Friday, May 10, 2002 19:07
Subject: Re: The B Message from US


> Is US going Bankrupt???? If so what would happen
>
> Leo/ORD
> Scheduled to fly ORD-PIT-JST next month on US
>

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]