NYTimes.com Article: US Airways Says Not Selling Aircraft

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US Airways Says Not Selling Aircraft

October 16, 2004
 By REUTERS





Filed at 2:50 p.m. ET

SAN FRANCISCO (Reuters) - US Airways (UAIRQ.OB) said on
Saturday it has no current plans to reduce its fleet of
aircraft, disputing postings on the Internet that the
bankrupt carrier has put planes up for sale.

``Some individuals intent on spreading rumors and fear have
decided to start circulating two-year-old notices from our
previous restructuring regarding potential aircraft for
sale,'' Chris Chiames, senior vice president of corporate
affairs said in a statement.

US Airways filed for bankruptcy in September for the second
time in two years, as airlines struggle to compete with
low-cost carriers.

On Friday, a federal bankruptcy court imposed pay cuts on
US Airways union workers to give immediate relief to the
carrier, which has said it may have to liquidate if it does
not cut costs.

http://www.nytimes.com/reuters/business/business-airlines-usair.html?ex=1098983166&ei=1&en=eb9b5f2eb8e07234


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