US Airways creditors approve plan of reorganization

US Airways creditors approve plan of reorganization    Creditors of US Airways have approved the airline’s Chapter 11 plan of reorganization. US Airways said its creditors voted in favor by at least 90 percent in dollar amount and 80 percent in the number of votes cast.
   “This strong vote of confidence by our creditors adds momentum as we look to emerge from Chapter 11 and complete our merger with America West Airlines in a few weeks,” said Bruce R. Lakefield, US Airways’ president and chief executive officer .
   The U.S. Bankruptcy Court has scheduled the plan confirmation hearing at 9.30 a.m. today, at the U.S. District Courthouse in Alexandria. Under terms of the merger agreement, US Airways and America West Airlines can close the transaction on the 11th day following entry of a final order by Judge Stephen S. Mitchell, confirming the plan.