This is a multi-part message in MIME format.
------=_NextPart_000_0011_01C258FE.CFA798C0
Content-Type: text/plain;
charset="Windows-1252"
Content-Transfer-Encoding: quoted-printable
What's next? Flexiblity to pay its employees?
=20
US Airways wants flexibility on aircraft leases=20
=20
=20
=20
=20
Tuesday September 10, 6:54 PM EDT=20
WASHINGTON, Sept 10 (Reuters) - US Airways wants broad flexibility to
reject or renegotiate additional aircraft leases as it seeks to
reorganize under bankruptcy protection, the airline said on Tuesday.
In papers recently filed in federal court in Alexandria, Va., the
airline has asked a bankruptcy judge to pre-approve a mix of up to 150
aircraft and engine leases that could be rejected down the road.
The airline, in its court filing, did not identify how many, if any, new
leased on the list that it might want to terminate or change. David
Castelveter, a company spokesman, said no decision has been made on that
question.
"Consistent with our fleet plan, we are continuing to review obligations
on all our aircraft," Castelveter said.
=20
<http://ae.excite.com/adclick/CID=3D000002397d9372bc00000000/acc_random=3D=
29
02990605/site=3Dexcite.reuters/area=3Dmoney.news/aamsz=3D336x280> =09
The bankruptcy court has already approved requests by US Airways to
reject 67 aircraft and engine leases, a move that will save the company
hundreds of millions of dollars. Those planes are older models sitting
idle in the desert.
The latest motion includes jet aircraft and turbo-props that are
currently operated by US Airways and its subsidiaries.
The airline is trying to cut costs by $1.3 billion annually in its drive
to reorganize and qualify for a $900 million federal loan guarantee.=20
=A92002 Reuters Limited.=20
------=_NextPart_000_0011_01C258FE.CFA798C0
Content-Type: image/gif;
name="1x1.gif"
Content-Transfer-Encoding: base64
Content-Location: http://image.i1img.com/images/ads/1x1.gif
R0lGODlhAQABAIAAAAAAAAAAACH5BAEAAAAALAAAAAABAAEAQAICRAEAOw==
------=_NextPart_000_0011_01C258FE.CFA798C0--
