US Airways Statement Regarding Interim Relief Approval
ARLINGTON, Va., Oct. 15 /PRNewswire-FirstCall/ -- US Airways Chief Executive Officer Bruce R. Lakefield issued the following statement after the decision today by Judge Stephen S. Mitchell to grant the company interim relief from its labor contracts: "Our request for interim relief was a regrettable but necessary step to build cash and assure our customers of our ability to continue operations. Judge Mitchell's thoughtful and expeditious decision on this matter, in combination with the agreement with the ATSB to allow use of cash for the next three months, provides us with an opportunity to successfully complete our Transformation Plan. But the interim relief is not a substitute for permanent relief, and we will continue to make all our resources available to quickly reach consensual agreements with the Association of Flight Attendants, the Communications Workers of America, and the International Association of Machinists," said Lakefield.
SOURCE US Airways