USAirways Firesale Watch

USAirways prepaid $250 million of their loan backed by the federal government in exchange for easing restrictions on the sale of assets.

That’s a pretty good indication that the carrier is, in fact, looking to sell some assets; that it isn’t just a stalking horse for wage concessions from the airline’s unions.

That doesn’t mean the USAirways shuttle will be unloaded, however — the airline could spin off regional carriers and still contract with them for feeder service while raising cash.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Leave a Reply

Your email address will not be published. Required fields are marked *