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Old 10-19-2007, 04:57 PM
  #44  
all4114all
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Joined APC: Nov 2006
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"America West Airlines received a loan of $380 million from the Air Transportation Stabilization Board. As of April 2005, the remaining balance on the loan was $300 million. On October 19, 2005, the loan was repaid when the debt was refinanced with other lenders."



It is a well known fact that AWA pilots were the lowest paid in the industry. They operated in bankruptcy protection 1991 to 1994, and were about to go bankrupt, chapter 7 after 911. AWA was the first in line for Airline Stabilization Board after 911. They received aprox 388 million from the government and in 2005 they had a cash balance of 338 million, when financiers provide by Usairways lined up banks and picked Ceo Parker, not the airline AWA to run the company.
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