US Airways yesterday said its $125 million financing agreement with Eastshore Aviation (ATWOnline, Feb. 23), an investment entity owned by Air Wisconsin Airlines Corp. and its shareholders, was approved by the US Bankruptcy Court. The facility is structured as debtor-in-possession financing and $75 million will be available immediately. The remaining funds will be drawn in $25 million increments later. Upon emergence from Chapter 11, the loan will be converted to equity in the reorganized ...
Subscribe to Access this Entire Article
"Other News - 04/07/2005" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
