911 airline rescue package
Congress passed a $15 billion aid package for the airline industry: $5 billion in direct cash handouts and $10 billion more in government- backed loan guarantees.
Besides America West, only two small regional carriers-- vanguard Airlines of Kansas City and Alaska's Frontier Flying Service-- have applied for federal loan guarantees.
http://www.pbs.org/newshour/bb/transportation/jan-june02/airline_aid_2-12.html
WSJ 5/30/2006 Applications from seven airlines were rejected, including UAL Corp.'s United Airlines, which applied twice. Three carriers turned down ended up shutting down: Vanguard Airlines, Great Plains Airlines and Mr. Conway's National. Some big carriers that have faced financial troubles recently, such as Delta and Northwest Airlines, didn't apply for the loan program.
http://online.wsj.com/public/article/SB114895120797865882-zHGd3HUDjEiFaTWZTO5LHSlvV4k_20070530.html?mod=tff_main_tff_top
Besides America West, only two small regional carriers-- vanguard Airlines of Kansas City and Alaska's Frontier Flying Service-- have applied for federal loan guarantees.
http://www.pbs.org/newshour/bb/transportation/jan-june02/airline_aid_2-12.html
WSJ 5/30/2006 Applications from seven airlines were rejected, including UAL Corp.'s United Airlines, which applied twice. Three carriers turned down ended up shutting down: Vanguard Airlines, Great Plains Airlines and Mr. Conway's National. Some big carriers that have faced financial troubles recently, such as Delta and Northwest Airlines, didn't apply for the loan program.
http://online.wsj.com/public/article/SB114895120797865882-zHGd3HUDjEiFaTWZTO5LHSlvV4k_20070530.html?mod=tff_main_tff_top
posted by Tom Bucceri at 9:23 AM
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