Manufacturing Industry

US Airways forms financing agreements for new regional jets

Airline Industry Information, Jan 17, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

US Airways has reached aircraft leasing and financing agreements with aircraft manufacturers Embraer and Bombardier and DVB Bank for a total of six regional jets.

Under the agreements, which were approved in the US Bankruptcy Court, US Airways is expected to take delivery of three 72-seat Embraer 170 and three 70-seat Bombardier CRJ 700 regional jets by the end of January 2005.

The financial details of the agreements have not been disclosed.

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