Sun, Sep 12, 2004 - Page 11 News List

US Airways pilots offer last-ditch talks

WAGE CUTS Leaders of the pilots' union voted to resume negotiations with the carrier as the company appeared headed for a Chapter 11 filing as early as today

NY TIMES NEWS SERVICE , NEW YORK

In an interview, Barger said, "We have six network carriers," namely American, United, Delta, Continental and Northwest in addition to US Airways.

"Do we really need six network carriers in this country?" he asked.

US Airways' situation drew scrutiny on Friday from members of the loan board, which has been monitoring the company's travails.

Last year, the board agreed to guarantee US$900 million in loans to US Airways, forming the basis of its restructuring. In return, US Airways pledged planes, gates, routes and collateral worth twice the loans.

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