Company Watch - US Airways.Mar 5, 2007 US Airways announced yesterday that its proposed Shanghai service, scheduled to launch in March 2008 if approved by the US Dept. of Transportation, will originate in Verb 1. originate in - come from stem - grow out of, have roots in, originate in; "The increase in the national debt stems from the last war" Philadelphia. It would be both the airline's and the airport's first service to Asia. US said it is "close to making a decision on acquiring aircraft suitable" for the route and that it has "ample time and financial resources to do so." Mar 2, 2007 US Airways mulls operating more Asian flights. US Airways says it may expand to other Asian routes if it succeeds in its bid to launch flights to China. The airline would need to purchase or lease more long-range planes, and it could use those aircraft on other Asian routes. Mar 2, 2007 US Airways to switch to single reservation system on March 4. US Airways will switch to a single reservation system on March 4. The change means America West's code will disappear from global distribution systems, but some flights will still appear as "operated by America West." A US Airways spokeswoman says the integration should also eliminate some Web site errors. Mar 2, 2007 Pilots file lawsuit claiming US Airways merger is illegal. A union representing US Airways and America West pilots on Wednesday filed a lawsuit claiming the two airlines are being merged in an illegal manner. US Airways' decision to combine the two carriers' reservation systems prompted the lawsuit. A US Airways spokeswoman said the pilots are overreacting and noted that the airlines continue to be operated as two carriers. Mar 1, 2007 US Airways to apply for Philadelphia-China flights US Airways will compete to fly the next route between the U.S. and China. The airline will propose flights between Philadelphia International Airport and China. Five other airlines have said they are interested in launching new flights to China from one of their hub airports Africa Algeria
US Airways said it entered into a commitment letter with Citigroup Global Markets and Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Senior Funding to arrange debt
financing Debt FinancingWhen a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay of up to $1.6 billion that would permit the airline to refinance $1.26 billion of its existing senior secured credit facility, refinance $325 million of unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. and raise incremental liquidity. The transaction should be completed by the end of the current quarter, US said. Mar 1, 2007 US Airways said Wednesday it plans to refinance up to $1.6 billion in loans and unsecured debt. The company said $1.25 billion of the loans are originally from jetmaker Airbus, the Air Transportation Stabilization Board's loan program and General Electric. US Airways said its $325 million in unsecured debt is related to America West's merger with US Airways. Mar 1, 2007 Mile-high marketing US Airways is leading the way among airlines seeking to cash in on its captive passenger audience by selling ad space on tray tables to marketers including Mercedes-Benz and the History Channel, featuring its partners on cocktail napkins and cups and even adding the logos of NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga teams to its planes. Feb 28, 2007 US Airways union sues over raises. The union representing US Airways mechanics and baggage handlers claims the airline owes the workers raises and has filed a lawsuit in federal court. The union said its collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. calls for raises when a "change of control" takes place. US Airways merged with America West in 2005. The airline has said the dispute belongs in bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , which is still handling issues related to its reorganization. Feb 27, 2007 US Airways is in talks to buy or lease planes from Air Canada parent ACE Aviation Holdings ACE Aviation Holdings Inc. TSX: ACE.B is a Canadian holding company that provides commercial airline service and technical support and is the parent company of Air Canada. , a move that could lead to providing US Airways with jets able to fly nonstop to China. Mar 2, 2007 Pittsburgh welcomes US Airways flight center. US Airways has decided to build a new flight operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. in Pittsburgh just two years after shedding hundreds of jobs in the area, the Pittsburgh Post-Gazette The Pittsburgh Post-Gazette, also known simply as the PG, is the largest daily newspaper serving metropolitan Pittsburgh, Pennsylvania, USA. Early history writes. Allegheny County and the state offered the airline an incentive package worth $16.25 million. "In the end, Pittsburgh's proximity to the East Coast and the recognized quality of the local work force proved decisive, the latter being particularly flattering to local sensibilities," the paper writes. Feb 26, 2007 03/05/2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Feb 26, 2007 |
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