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US Airways wins more funding for reorganization plan

US Airways Group received a boost yesterday when Tudor Investment Corp. committed to provide $65 million of equity funding for the company's plan of reorganization in exchange for roughly 3.9 million shares of common stock in the successor company following the merger with America West Airlines. US Airways filed its plan of reorganization with the US Bankruptcy Court earlier this month (ATWOnline, July 4). As previously announced, the merger of America West and US Airways will be funded by ...

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