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US AIRWAYS FEDERAL LOAN GUARANTEE APPROVED BY AIR TRANSPORTATION STABILIZATION BOARD
ARLINGTON, Va., Feb. 11, 2003 -- US Airways President and Chief Executive Officer David Siegel expressed his appreciation today following notification by the Air Transportation Stabilization Board (ATSB) that it had unanimously approved its $900 million federal guarantee of a $1 billion loan for the airline.

"We are gratified by the ATSB’s action today, and its vote of confidence in our company’s restructuring and prospects for long-term success. The management team has been joined by our employees in making difficult decisions that were necessary to ensure that our airline would not be a victim of September 11, and instead, would be shaped into a vigorous competitor," said Siegel. "We are on track to emerge from Chapter 11 protection by March 31, and while there is still much work to be done, today’s vote of support from the ATSB is another momentum-building achievement in that effort. We continue to try to demonstrate to our constituencies – including our employees, our customers, the communities we serve, public officials and the ATSB – that this airline deserves the opportunity, which this federal loan guarantee affords us, by providing us with resources to restructure, and in the process, save tens of thousands of jobs and air service and competition to 200 communities."

US Airways is the nation`s seventh-largest airline, serving 200 communities in the U.S., Canada, Mexico, the Caribbean and Europe. Most of its route network is concentrated in the eastern U.S., where it is the largest air carrier east of the Mississippi. It employs approximately 33,000 people and operates a fleet of 279 mainline jet aircraft. US Airways and its US Airways Express partner carriers operate more than 3,400 flights per day.

Reporters needing additional information should contact US Airways Corporate Communications at (703) 872-5100.


REICHT ES UM US Airways aus der Insolvenz zu führen???

Dürfte allemal ein Zock wert sein...und so auf 0,50 EUR zurückführen, oder???

:confused:
Und diese Meldung "beflügelt" doch manch Phantasie...


UNITED AND US AIRWAYS CONTINUE TO ENHANCE MARKETING AGREEMENT

Route network further expanded with additional code-share flights
ARLINGTON, Va., Feb. 11, 2003 -- United and US Airways continue to enhance their marketing partnership with additional code-share flights now available for sale, the fourth wave of flights since the code share was introduced in January 2003.

Through this new phase of code sharing, United customers now have expanded access to 131 new flight segments, including US Airways’ east coast Shuttle market. US Airways customers now are able to travel on 126 new flight segments in the eastern and southeastern United States, including Atlanta and Baltimore from Denver and Chicago. More code-share flights will be introduced later in February and beyond.

United will continue to expand its network by placing its code on US Airways flights within the eastern U.S. and on select international flights including US Airways’ expanding Caribbean route network. US Airways will add routing options for customers whose destinations are in the western U.S., as well as international travelers headed for Asia, Europe, and Latin America.

Beginning Feb. 13, United and US Airways initiate code-share service on flights that were introduced last month. That includes United’s code on US Airways flights between Philadelphia and the following cities: Hartford, Conn.; Buffalo, N.Y.; Charlotte, N.C. ; Columbus, Ohio; Washington Reagan National; Denver; Indianapolis; Miami; Chicago O’Hare, Pittsburgh; Providence, R.I; Raleigh-Durham, N.C.; Richmond, Va.; San Juan, Puerto Rico; and St. Thomas, Virgin Islands. Also beginning operations this week with the United code are US Airways flights between Buffalo and both Charlotte and Pittsburgh. Code-share service is only available to connecting customers in the Philadelphia – Chicago, Philadelphia – Denver and Philadelphia – Washington Reagan markets.

The US Airways code will be placed on United flights between Washington Dulles and the following cities: Denver; Las Vegas; Oakland and San Jose, Calif.; Chicago O’Hare; Portland, Ore.; Phoenix; San Diego and Seattle. US Airways’ code also will be introduced in Spokane, Wash., and Las Vegas from Denver and Chicago; and Ontario, Calif., from Denver.

Future Benefits

Beginning March 1, United Mileage Plus Premier members and US Airways Dividend Miles Preferred members will have their elite status recognized when flying on either of the two carriers with the following benefits:

Priority boarding

Priority check-in lanes

Priority waitlist

Access to Preferred and Premier priority seat assignments

Also, beginning April 1, 2003, United Mileage Plus members and US Airways Dividend Miles members will be able to reserve and redeem award travel on either carrier. To redeem Mileage Plus miles on US Airways flights, customers should call United Reservations. Dividend Miles members redeeming miles on United flights should call US Airways Reservations.

Customers should check their travel documents to determine the operating carrier and terminal for their flight when traveling on itineraries utilizing both US Airways and United. They will be provided boarding passes upon check-in for each part of their journey when checking in with either airline. For questions on policies and procedures, customers should check with the originating carrier.

United operates nearly 1,700 flights a day on a route network that spans the globe. News releases and other information about United may be found at the company’s Web site at www.united.com.

US Airways, the US Airways Express carriers and US Airways Shuttle offer service to 200 destinations worldwide. News releases and other information about US Airways is available online at usairways.com.

Information on United’s flight schedules and fares is also available online at united.com, or by calling United’s Reservations at 1-800-UNITED1. For more information on US Airways’ flight schedules and fares, contact US Airways online at usairways.com, or contact US Airways reservations at 1-800-428-4322.

United Airlines Contact: US Airways Contact:
Media Relations: (847) 700-5538 Media Relations: (703) 872-5100
Night/Weekend: (847) 700-4088 Night/Weekend: (703) 872-5100
2/1/03 7:23:15 AM US Airways erhält staatliche Kreditgarantie über 900 Mio USD Washington (AWP 99/vwd) - US Airways erhält eine an Bedingungen geknüpfte Kreditgarantie der US-Regierung über 900 Mio USD. Im Austausch für die Kreditgarantie erhält die Regierung ein Zeichnungsrecht auf zehn Prozent des Kapitals der Fluggesellschaft nach deren Reorganisation, wie das für die Genehmigung der Staatshilfe zuständige Air Transportation Stabilization Board (ATSB) am Dienstag mitteilte. Damit hat US Airways 90 Prozent der vorgeschlagenen Summe von einer Mrd USD erhalten. Um den Kredit zu erhalten, müsse die insolvente Fluggesellschaft die vorher festgesetzten Bedingungen des ATSB erfüllen. US Airways teilte mit, sie befinde sich auf dem besten Weg, um den Gläubigerschutz nach Chapter 11 am 31. März zu verlassen. Bisher hat die Behörde nur zwei Mal staatliche Kredithilfe gebilligt: für America West und America Trans Air. Ausserdem will der Hauptaktionär des Unternehmens, Retirement System of Alabama (RSA), 240 Mio USD in US Airways investieren. Die Fluggesellschaft will bis Ende März das im August 2002 beantragte Insolvenzverfahren erfolgreich abschliessen.
"As previously disclosed, the plan provides that the existing common stock of the parent company will be cancelled."

Das int. an dieser und den Meldungen davor ist doch der Absatz, sehe ich gerade.

Das bedeutet doch das die Aktie so oder so wertlos wird. Auch wenn Ch. 11 aufgehoben wird -> ??

http://quote.bloomberg.com/fgcgi.cgi?T=marketsquote99_news.h…
hab mal 10k geordert....schau mer mal wie es ausgeht!

In Germany geht ja anständig die Post ab!

morchel
US Board

Re: UAWGQ.PK GET`S 1 BILLION LOAN!
by: footballindividual 02/11/03 03:49 pm
Msg: 121092 of 121210
Sorry Larry, getting the loan means it will only be LESS time before UAWGQ stock is canceled, so it is BAD news for the traders.


Ui, die Amis sehn das auch so. Die wird nieder gemacht.
@ v51

ja, so sieht´s aus. dasselbe bei burlington BRLG gestern. ca. 600 mio buy-out, aber common wertlos, nen kleinen hype gab´s (50%), nach nen paar minuten dann das unvermeidbare (-all%):)
wieso wird sowas nicht gleich ausgesetzt, wenn man es eh aussetzen will? Zum aktienverkauf für die "alten" wohl noch.


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