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Aug 7, 02, 8:25 pm
Midway Deal Gets Preliminary OK
The U.S. Bankruptcy Court has given preliminary approval to Midway Airlines' plan to operate as a commuter affiliate of US Airways.
Midway, which grounded its fleet July 17, still must get a $5 million loan and find five jets before it can begin flying as US Airways Express. But Tuesday's approval from bankruptcy Judge A. Thomas Small was a major step in the Morrisville carrier's reorganization plan.
Last month, Midway and US Airways announced an agreement for Midway to become a regional feeder for the nation's seventh-largest airline. Midway would continue to fly its own jets but US Airways would handle marketing, reservations, ground support and fuel.
The deal still needs final approval from the court.
http://www.nytimes.com/aponline/business/AP-Midway-Airlines.html
The U.S. Bankruptcy Court has given preliminary approval to Midway Airlines' plan to operate as a commuter affiliate of US Airways.
Midway, which grounded its fleet July 17, still must get a $5 million loan and find five jets before it can begin flying as US Airways Express. But Tuesday's approval from bankruptcy Judge A. Thomas Small was a major step in the Morrisville carrier's reorganization plan.
Last month, Midway and US Airways announced an agreement for Midway to become a regional feeder for the nation's seventh-largest airline. Midway would continue to fly its own jets but US Airways would handle marketing, reservations, ground support and fuel.
The deal still needs final approval from the court.
http://www.nytimes.com/aponline/business/AP-Midway-Airlines.html