This article from NYTimes.com has been sent to you by psa188@juno.com. Pilots at US Airways Approve Concessions August 9, 2002 By BLOOMBERG NEWS ARLINGTON, Va., Aug. 8 (Bloomberg News) - The US Airways Group's pilots have voted 76 percent in favor of giving the company $465 million in concessions in exchange for a 20 percent stake in the carrier. US Airways' Air Line Pilots Association told its members in a message today that 2,824 pilots had voted to approve and 908 voted against the agreement. It will be retroactive to July 1 and will run through 2008, the union said. The carrier has said that it needs concessions from all its labor unions as well as suppliers and creditors to win final approval for a $900 million federal loan guarantee to help it secure a $1 billion loan and to avoid a bankruptcy filing. When the agreement goes into effect, the company has the option to lay off more pilots and to reduce the number of jets it flies at its main airline to 275 jets from 311, he said. The union, which represents about 4,800 active US Airways pilots and 1,070 who were laid off after the Sept. 11 attacks, said that 86 percent of eligible members voted. The airline met with some bondholders today in New York and assured them that the company will make debt payments it began deferring in June and that it will most likely be able to complete the financial restructuring without a bankruptcy filing. http://www.nytimes.com/2002/08/09/business/09USAI.html?ex=1029898712&ei=1&en=15527ddc3953d9f8 HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@nytimes.com or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@nytimes.com. Copyright 2002 The New York Times Company