Article: America West defers lease payments after winning loan guarantees.

AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD

America West Airlines is to defer lease payments on some of its aircraft after receiving approval from the US government of its application for federal loan guarantees.

The carrier last week received conditional approval for the loan guarantees, becoming the first to be awarded a portion of a multi-billion US dollar aid package passed by Congress following the 11 September terrorist attacks. In order to obtain the ...

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