POR Brief Summary
The Plan:
MAG rejects/abandons 113 aircraft (47 CRJ 200, 36 ERJ145, 20 BE1900, 10 DHC-8)
MAG is to continue existing code share agreements with 77 aircraft (38 CRJ900, 20 CRJ700, 13 CRJ200, 6 DHC-8).
MAG management continues in present position.
US Airways gets $5.5 million in notes and 1 million new shares (10%) (estimated @ $2.4 - $21.8 million).
Tenth Amendment to US Airways Code-Share Agreement being finalized.
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