Air Wisconsin-US Airways Pact OK’d

Aviation International News » April 2005
January 31, 2007, 7:38 AM

A bankruptcy court judge has approved a deal between Air Wisconsin and US Airways that will see the Appleton, Wis.-based regional take an equity stake in the bankrupt major airline and fly up to 70 regional jets as US Airways Express. The arrangement centers on a $125 million loan from Air Wisconsin’s investment arm, Eastshore Aviation, that will convert to equity after US Airways’ planned emergence from bankruptcy this summer. At press time Air Wisconsin, a United Express carrier, still awaited word on whether it would continue to fly for its long-time major partner. In a bid to lower its contract costs United last November asked for RFPs from 10 regional airlines to fly Air Wisconsin’s routes.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.