US Airways files for Chapter 11 ALEXANDRIA, Va. (AP) =97 US Airways, hard hit by the drop off in travel= after=20 the Sept. 11 terrorist attacks, filed for Chapter 11 bankruptcy protection= =20 Sunday, the company said. The airline, which had mentioned bankruptcy as a= =20 possibility after it lost $2.1 billion during 2001, said all of its flights= =20 are expected to continue. The Arlington, Va.-based airline said it received= =20 $500 million in financing to keep operating while it reorganizes. "US=20 Airways will continue to operate while we complete our financial=20 restructuring, and our customers should be confident that we will continue= =20 service to the more than 200 communities in our network," said US Airways=20 president and chief executive David Siegel. He said the airline will seek a= =20 return to profitability. The airline, the nation's seventh-largest, listed $7.81 billion in assets=20 and $7.83 billion in liabilities in its petition, filed with the U.S.=20 Bankruptcy Court for the Eastern District of Virginia, which scheduled a=20 hearing for Monday at 10:30 a.m. US Airways has been trying to wring $950= =20 million in cost cuts from its 35,000 employees as part of a restructuring=20 plan that was designed to stave off bankruptcy. Last week, it reached=20 agreements with unions representing its pilots and flight attendants that=20 called for wage and benefits cuts in order to keep the airline operating. The owner of Roger's Trinbago Site: Roj (Roger James) *************************************************** escape email mailto:ejames@escape.ca Trinbago site: http://www.tntisland.com CBC Website http://www.tntisland.com/caribbeanbrassconnection/ The Trinbago Site of the Week: (TnT Medical Assn.) http://www.tntmedical.com/ (Trinidad & Tobago Medical Association) courtesy of Roj Trinbago Website & TnT Web Directory Roj's Trinbago Website: http://www.tntisland.com TnT Web Directory: http://search.co.tt *********************************************************