=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SF Gate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2003/01/06/f= inancial1619EST0200.DTL ---------------------------------------------------------------------- Monday, January 6, 2003 (AP) US Airways to reduce operations, flight schedule at Orlando International A= irport DEBORAH ECKERT, Dow Jones Newswires (01-06) 13:19 PST (AP) -- WASHINGTON (Dow Jones/AP) -- As part of its restructuring efforts, US Airways Group Inc. is reducing the size of its operations and flight schedule at Florida's Orlando International Airport, according to papers filed with the U.S. Bankruptcy Court in Alexandria, Va. US Airways will reduce the number of gates it leases at the airport to 6 from 15. It will also try to downsize facilities it leases to support its flight services, such as ticket counter offices, baggage claim facilities, administrative offices and club facilities. The airline said the move will save it about $18 million over the remaining lives of the leases, or a savings of about $3 million a year. US Airways, based in Arlington, Va., has been reorganizing under Chapter 11 since August. As part of its restructuring efforts, the airline has terminated or is in the process of terminating operations at various locations, along with seeking cost savings from employees. The company's proposed reorganization plan calls for the Retirement Systems of Alabama -- one of its top creditors -- to inject $240 million into the reorganized company in exchange for a substantial equity stake. In Friday's court papers, US Airways asked U.S. Bankruptcy Judge Stephen Mitchell for permission to end its leases at the Orlando airport and to enter a new operating agreement or lease for only the premises it needs for ongoing operations. Judge Mitchell is scheduled to consider the airline's request at a heari= ng Jan. 16. =20 ---------------------------------------------------------------------- Copyright 2003 AP