US Airways reached agreement with Eastshore Aviation, an investment entity owned by Air Wisconsin Airlines Corp. and shareholders, on a $125 million financing commitment to provide a "substantial portion" of the equity funding for US Airways' plan of reorganization. "This agreement with Eastshore Aviation provides the cornerstone from which we can obtain additional financing and construct a plan of reorganization. While we have more work to do, this is another positive signal to the ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.