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Old 09-18-2010 | 03:15 AM
  #1203  
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winglet
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Default 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.

winglet
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