pitsheel
Apr 15, 03, 12:43 pm
http://pittsburgh.bizjournals.com/pittsburgh/stories/2003/04/14/daily22.html
US Airways not interested in relocating
US Airways apparently won't be moving from Virginia any time soon, after the carrier's new chairman said he has no intention of relocating the company, despite an invitation from Pennsylvania's governor.
US Airways' new chairman, David Bronner, told the Philadelphia Inquirer that he agrees with management that a relocation is not on the table.
"Washington is very important to us," Mr. Bronner told the Inquirer. "Plus, because the management team is so new, you don't want to disrupt them from focusing on surviving,"
Mr. Bronner is CEO of the Retirement Systems of Alabama, which now holds a 37 percent stake in the reorganized US Airways. He was elected chairman April 4.
US Airways has major hubs at both Philadelphia and Pittsburgh with almost half of its work force based in Pennsylvania.
Last week, Gov. Ed Rendell said he would ask the airline to relocate its corporate headquarters to Pennsylvania.
Mr. Rendell said US Airways should move its corporate offices from Arlington, Va., as part of the Pennsylvania's agreement to help with $155 million of improvements at Pittsburgh International Airport and $235 million at Philadelphia International Airport.
Included in the requests apparently is $40 million for a maintenance and training facility for the airline's new regional carrier, MidAtlantic Airways, which is expected to be based in Pittsburgh.
US Airways CEO David Siegel informed Allegheny County officials last month that the airline had rejected its current lease as part of its successful Chapter 11 bankruptcy restructuring and would seek to negotiate a new one that would reduce its operating costs.
He said US Airways could eliminate Pittsburgh as a hub, if it does not realize unspecified reduced lease costs.
© 2003 American City Business Journals Inc.
US Airways not interested in relocating
US Airways apparently won't be moving from Virginia any time soon, after the carrier's new chairman said he has no intention of relocating the company, despite an invitation from Pennsylvania's governor.
US Airways' new chairman, David Bronner, told the Philadelphia Inquirer that he agrees with management that a relocation is not on the table.
"Washington is very important to us," Mr. Bronner told the Inquirer. "Plus, because the management team is so new, you don't want to disrupt them from focusing on surviving,"
Mr. Bronner is CEO of the Retirement Systems of Alabama, which now holds a 37 percent stake in the reorganized US Airways. He was elected chairman April 4.
US Airways has major hubs at both Philadelphia and Pittsburgh with almost half of its work force based in Pennsylvania.
Last week, Gov. Ed Rendell said he would ask the airline to relocate its corporate headquarters to Pennsylvania.
Mr. Rendell said US Airways should move its corporate offices from Arlington, Va., as part of the Pennsylvania's agreement to help with $155 million of improvements at Pittsburgh International Airport and $235 million at Philadelphia International Airport.
Included in the requests apparently is $40 million for a maintenance and training facility for the airline's new regional carrier, MidAtlantic Airways, which is expected to be based in Pittsburgh.
US Airways CEO David Siegel informed Allegheny County officials last month that the airline had rejected its current lease as part of its successful Chapter 11 bankruptcy restructuring and would seek to negotiate a new one that would reduce its operating costs.
He said US Airways could eliminate Pittsburgh as a hub, if it does not realize unspecified reduced lease costs.
© 2003 American City Business Journals Inc.