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US Airways wins more time from GE to reorganize
By Ellen Chang
Houston, Feb. 14 - US Airways Group, Inc. obtained more time to reorganize from GE Capital Aviation Services and GE Engine Services.
The company now has until March 15 to file a plan of reorganization with the bankruptcy court instead of a Feb. 15 deadline.
The revised schedule is more consistent with the court's granting US Airways exclusive rights to file a plan through March 31, the company noted.
US Airways said it still plans to emerge from Chapter 11 no later than June 30.
The Arlington, Va.-based carrier filed for bankruptcy on Sept. 12 in the U.S. Bankruptcy Court for the Eastern District of Virginia. Its Chapter 11 case number is 04-13819.
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