US Airways gets loan guarantee Bankrupt airline receives the government's approval for $900M loan guarantee with new conditions. February 11, 2003: 2:22 PM EST WASHINGTON (Reuters) - US Airways Group Inc. received government approval Tuesday for a $900 million loan guarantee critical to the carrier's bid to reorganize under bankruptcy protection. The guarantee from the Air Transportation Stabilization Board -- the government entity set up to assist financially struggling airlines after the Sept 11, 2001 hijack attacks -- will underpin $1 billion in private financing. US Airways must still meet several new conditions before the government will activate the guarantee. They include finalizing concession deals with workers, obtaining final bankruptcy court approval of its reorganization proposal, and regulatory and judicial clearance of its plan to eliminate its pilot's union retirement plan. The board agreed to take a 10 percent stake in US Airways and said it may seek more agreements on other matters with the carrier before the bankruptcy process ends. US Airways plans to emerge from bankruptcy at the end of March.