Manufacturing Industry
US Airways returns 23 aircraft to lessors
Airline Industry Information, Sept 14, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
A bankruptcy judge has granted US Airways permission to reject the leases on 23 aircraft it no longer needs.
US Airways said that it may need to end the leases on other aircraft as it begins to restructure after entering Chapter 11 bankruptcy on 12 September 2004. The airline said a number of aircraft had been returned to lessors before it filed for bankruptcy.
The airline has already cut the size of its fleet as part of a strategy to become more focused on regional services and compete with low cost domestic carriers, reports Reuters.
((Comments on this story may be sent to aii.feedback@m2.com))
COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
