Breaking Travel News

US Airways Reaches New Financing Agreements

US Airways announced
today that it has reached aircraft leasing and financing agreements with
Embraer, Bombardier and DVB Bank for a total of six regional jets. The
agreements were approved today in the U.S. Bankruptcy Court for the
Eastern District of Virginia, Alexandria division. Under the agreements, US Airways is expected to take delivery of three 72-
seat Embraer 170 and three 70-seat Bombardier CRJ 700 regional jets by the
end of January. These will be the first regional jets delivered to the
company since US Airways filed for Chapter 11 in September 2004.

The carriers operating under the US Airways Express banner, including the
wholly owned subsidiaries, affiliates and Mid Atlantic Airlines, currently
operate 169 regional jets.