US Air liquidation
#1
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US Air liquidation
If U. S. Airways can't negotiate a deal to stay in business and has to switch from Chapter 11 to Chapter 7 liquidaiton what happens to the 4 tickets I bought for Feb. '03 to Turks and Caicos? I used my Amex/Delta card to pay for them.
#6
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thanks for the info Hanna. I'll contact Amex. US Air is currently negotiating with the machinist for concessions in order to qualify for the billion dollar gov't guarantee. Pilots have agreed to 100 million worth of concession. If the machinist and flight attendants (who are refusing to even negotiate) don't agree the airline may not get the billion guarantee and be forced into liqidation. Rocky, I got the "idea" from reading the newspaper.
#8
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USAir has a major revenue problem. Actual booking (revenue) are way below their projections. They need major labor concessions now or the folks who are providing the bankruptcy line of credit will pull the plug. I guess they make it into January and then good bye. ps - the same will probably apply to United