US Airways says Alabama pension fund wins equity bid NEW YORK (Reuters) =97 Bankrupt airline US Airways Group Inc. Monday named= =20 the Retirement Systems of Alabama as the winning bidder for an eventual=20 equity stake in the company, after a bidding period expired and left the=20 pension fund's offer uncontested. US Airways, which is operating under=20 Chapter 11 bankruptcy protection, said its choice of the Alabama pension=20 fund buttressed its plans for a "fast-track" emergence from bankruptcy. US= =20 Airways expects to rise out of bankruptcy in March, after filing a plan of= =20 reorganization in mid-December. The Retirement Systems of Alabama offered=20 $500 million in emergency financing to keep the airline's operations=20 running during bankruptcy, along with another $240 million for a 37.5%=20 equity stake in the company upon its emergence from bankruptcy. The pension= =20 fund's bid, which was announced in September, topped an earlier offer led=20 by financier David Bonderman's Texas Pacific Group. 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: (chgdev) http://www.chagdev.com/ (Chaguaramas Development Authority) courtesy of Roj Trinbago Website & TnT Web Directory Roj's Trinbago Website: http://www.tntisland.com TnT Web Directory: http://search.co.tt *********************************************************