US Airways extends plan of reorganization
US Airways Group Inc. has reached an agreement with GE Capital Aviation Services and GE Engine Services to extend the schedule for the airline’s filing of a plan of reorganization (POR) with the U.S. Bankruptcy Court.
The schedule for the filing of a POR has been extended from today to March 15.
The bankruptcy court had previously granted US Airways exclusive rights to file a plan through March 31.
“The agreement with GECAS and GEES reconfirms US Airways’ commitment to file a POR that seeks emergence from Chapter 11 no later than June 30,” US Airways said.