ATSB grants UAIR ext till 6/30

[FlyFastLiveSlow]

D8, I know exactly who the ATSB is. Their guarantee is covered with collateral in the form of assets that include a minimum cash on hand at U. You say the taxpayer indeed would be footing the bill, but I don't think you know that. Go ahead and post the insider details of the latest ATSB-U agreement if you have them.

By the ATSB allowing USAir to spend previously restricted cahs, they are tapping into the assets that would guarantee the ATSB the money that they have guaranteed. WHEN USAir defaults, the ATSB is responsible to repay those loans (hence the title of guarantor). When there are no longer enough assets left to cover the full amount of the loans, the taxpayers are left footing the bill. Understand now?