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.
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