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Article: Bankruptcy Court Approves Midway Airlines' Plan to Team Up with US Airways.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 20, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Dudley Price, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Aug. 20--MORRISVILLE, N.C.--Midway Airlines' plan to become a regional affiliate of US Airways won final approval Monday from the U.S. Bankruptcy Court.
Next up for the Morrisville-based carrier: securing a $5 million loan for working capital, leasing 18 regional jets to begin flights to three Northeastern cities and negotiating a new contract with its pilots union.
"We're really pleased the regional jet agreement was approved by the bankruptcy court," said Midway attorney Jeb Jeutter. "It's the backbone of our plan of reorganization."
With ...