MidAtlantic Airways

May 7, 2008 - 11:57am

After months of heated debate over future regional jet jobs at US Airways, the pilots of wholly owned subsidiaries Piedmont and Allegheny Airlines ratified new concessionary labor agreements with their bankrupt employers, bringing the Arlington, Va.-based airline a step closer to meeting the conditions of a $900 million federal loan guarantee.

May 5, 2008 - 6:49am

US Airways’ decision to file for Chapter 11 bankruptcy last month officially placed the courts at the center of a restructuring exercise in which the development of the airline’s regional network has emerged as perhaps the most crucial component.

April 25, 2008 - 7:58am

The decision by US Airways and United Airlines to test the scope-clause language in their pilot contracts after September 11 appeared fully vindicated last month, as both airlines’ Air Line Pilots Association chapters agreed to withdraw their force majeure grievances during negotiations aimed at resuscitating the ailing major carriers.

April 17, 2008 - 5:29am

US Airways’ campaign to reverse its course toward financial ruin began exactly where new CEO David Siegel promised last month, as the company confirmed its intention to proceed with a series of initiatives aimed at developing its competitive position in the regional airline segment. Perhaps most significantly, it confirmed its plans to reactivate the operations of its idle Potomac Air subsidiary under the name MidAtlantic Airways.

February 4, 2008 - 9:53am

Almost immediately after US Airways’ emergence from Chapter 11 bankruptcy in late March, company CEO David Siegel told reporters that the company would place an order for 100 regional jets for MidAtlantic Airways, its new Pittsburgh-based regional unit slated to begin service during this year’s fourth quarter.

February 4, 2008 - 9:53am

Almost immediately after US Airways’ emergence from Chapter 11 bankruptcy in late March, company CEO David Siegel told reporters that the company would place an order for 100 regional jets for MidAtlantic Airways, its new Pittsburgh-based regional unit slated to begin service during this year’s fourth quarter.

January 9, 2008 - 5:02am

The so-called “Jets for Jobs” program agreed upon by US Airways as part of the labor contract ratified by its ALPA-represented pilots over the summer has produced neither jobs nor jets for anyone so far.

December 10, 2007 - 10:12am

A U.S. bankruptcy court has approved a new financing deal between US Airways and Embraer, Bombardier and DVB Bank to allow the airline to start taking regional jet deliveries for the first time since it filed for Chapter 11 protection in September last year.

October 4, 2007 - 9:58am

GE Capital Aviation Services has amplified threats to withdraw its regional jet financing deals with US Airways if pilots do not accept a revised letter of agreement (LOA 91) to loosen restrictions on RJ placement outside the airline’s wholly owned subsidiaries.

October 4, 2007 - 9:52am

US Airways insisted the decision to place a new Embraer 170 flight simulator at its Charlotte, N.C., base didn’t necessarily signal an intention to move MidAtlantic Airways out of Pittsburgh International Airport. But employees and airport officials remained unconvinced–yet another reflection of a persistent distrust new US Airways CEO Bruce Lakefield hopes to assuage as he attempts to save the company from financial ruin.

 
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