Originally Posted by
meyers9163
And where is Airways getting the money to foot this bill? Witht he cut back yesterday of not accepting any more planes then they absolutely need, and keeping an old fleet until they become profitable again. I just highly doubt that means any wholly own (PDT/PSA) will be growing anytime soon....
Maybe you missed the press releace from DP stateing he is delaying the 320's and 350's even longer and have secured financing for 28 new airframes.
US Airways rose 7 cents to $3.17 at 10:05 a.m. in New York Stock Exchange composite trading. The shares have fallen 59 percent this year.
The carrier today said it arranged loans of $95 million and $180 million to finance planes being delivered next year, and deferred by 14 months the repayment of $200 million to Barclays Plc, US Airways’ affinity credit card partner.
Barclays also agreed to reduce by an unspecified amount the unrestricted cash US Airways must maintain under an earlier accord to buy frequent-flier miles. The requirement previously was $1.5 billion.
“We cannot continue to lose money indefinitely and fund our losses through financing and partner support,” Chief Executive Officer Doug Parker said in a message to employees.
US Airways will delay deliveries of A320, A330 and A350 aircraft, while accepting 28 new planes from 2010 through 2012. The airlines’ fleet has an average age of 12 years.
This is in no way proof that PSA /PTD is going to be growing but it is better news that anything you have brought to the table.