AFA - US
Airways E-Line June 11, 2002
http://www.afausairways.org/eline.htm |
Don't pass rumors.
Get the facts. Stay informed.
If you have questions or
suggestions for the Negotiating Committee, use the FORM
found on the main page of the website: http://www.afausairways.org
or call 800-531-3242. |
Contents:
Special Meeting of the Master
Executive Council
US Airways,
Pilots Seal Regional Pact
US Airways
Files For $900 Million Guarantee
Have
you updated your profile yet?
Special
Meeting of the Master Executive Council
A Special Meeting of the
US Airways Master Executive Council is being called in accordance with
the AFA Constitution and Bylaws Article VII.D.2.
Agenda is as follows:
1. Negotiating
Committee report
A) Review
and explanation of all proposals exchanged between AFA and US Airways
B) Recommendations
for concluding a tentative agreement with the Company
2. MEC discussion
and guidance on Negotiating Committee report and recommendations.
Date: Friday,
June 14, 2002
Time: 2:00 PM
Place:
AFA International
Office
1275 K Street, NW, 5th Floor
Washington, DC 800-424-2401
Directions by Metro:
>From NATIONAL AIRPORT, take
METRO BLUE LINE towards ADDISON ROAD to McPHERSON Sq METRO STATION.
Walk 0.2 mile NE to 1275 K ST NW.
MEC meetings are open to
all members in good standing; however it should be noted that the MEC reserves
the right to close their meetings to discuss confidential matters.
US Airways,
Pilots Seal Regional Pact
Mon Jun 10, 9:03 PM ET
ARLINGTON, Va. (Reuters)
- US Airways Group Inc.... said on Monday it reached a pact with the Air
Line Pilots Association that will allow it to spread its regional jet aircraft
business across the United States.
The deal is a major milestone
for US Airways as it put to rest concerns among pilots who perceived regional
jet aircraft services as making them work more without any incentives.
US Airways Express carrier
PSA Airlines currently operates a fleet of 30 Dornier 328 turbo-prop aircraft,
serving 30 destinations centered in the Ohio Valley and in the eastern
United States.
PSA Airlines' previous agreement
with ALPA did not include provisions for the operation of regional jet
aircraft. In April US Airways and ALPA had agreed to increase the number
of regional jets within its US Airways Express network from 70 to 140.
The latest agreement between
PSA Airlines and ALPA is for regional jet flying to be undertaken by US
Airways pilots.
US Airways said it is currently
evaluating aircraft types, and will be making a decision shortly on its
selection of regional jet equipment, delivery schedules and the number
of aircraft that will be deployed in PSA Airlines.
http://story.news.yahoo.com/news?tmpl=story&cid=568&568&e=28&u=/
nm/20020611/bs_nm/airlines_usairways_dc_1
US Airways
Files For $900 Million Guarantee
Mon Jun 10, 7:28 PM ET
By Julie MacIntosh
NEW YORK (Reuters) -
Struggling air carrier US Airways Group Inc. asked the government on Monday
to guarantee 90 percent of a $1 billion loan that it would use to help
salvage its business, which took a huge financial hit after the Sept. 11
attacks.
The Arlington, Virginia-based
air carrier, the nation's sixth-largest, reported a $2.1 billion loss last
year, and its financial stability deteriorated even further as it reported
a $269 million shortfall in the first quarter of this year.
The carrier filed an application
on Monday evening for a $900 million loan guarantee from the government's
Air Transportation Stabilization Board (ATSB), which was created by following
the Sept. 11 attacks to aid the faltering airline industry.
US Airways' business was
hit particularly hard after Sept. 11 as traffic plunged on many of its
routes, which are concentrated on the East Coast. Its operations at Washington
D.C.'s Reagan National Airport came to a standstill following the attacks,
when the airport was shut down for weeks.
The airline had said over
the past few weeks that it was preparing to ask the government to back
its loans through a loan guarantee, which it claims is a cornerstone of
its restructuring plan. US Airways has said it may have to file for bankruptcy
if the guarantee is not granted.
US Airways spokesman David
Castelveter said on Monday that the airline has had "a number of discussions"
with possible lenders who could provide the $1 billion loan.
One condition of the government's
willingness to guarantee loans from the private sector to U.S. airlines,
most of which have poor credit ratings, is that some of the backing must
come from another lender.
Castelveter would not comment
on whether talks were underway with lenders who might back $100 million
of the loan that would not be federally guaranteed.
US Airways will continue
to meet with its labor unions this week, as the parties attempt to hammer
out agreements on wage concessions and other issues ahead of the final
loan guarantee application deadline of June 28. Union leaders have said
the negotiations are expected to be finished by Saturday.
http://story.news.yahoo.com/news?tmpl=story&cid=568&568&e=31&u=/
nm/20020610/bs_nm/airlines_usairways_loan_dc_2
Have
you updated your profile yet?
The *E-Line*
now uses a new and improved list server at union voice.org. This change
will enable is to bring you improved services in the near future. But we
must have your union voice.org profile updated for this to happen. You
can join, update your profile - including changing your e-mail address
- by visiting http://www.unionvoice.org/e_line_afa_usairways/join.html |
