Dennis Miller
What about my Member
- Joined
- Mar 13, 2003
- Posts
- 200
Wednesday May 5, 3:32 pm ET
CHICAGO, May 5 (Reuters) - General Electric Capital Aviation Services said on Wednesday it is discussing the financing it agreed to provide for US Airways' big regional jet order given the airline's debt downgrade.
"We're in discussions with the airline on our financing going forward," said GECAS spokesman Eric Jones. He declined to comment further.
S&P earlier lowered its corporate credit rating on US Airways to "CCC+" from "B-". As a result, GECAS has the right to withdraw financing on Embraer and Bombardier regional jets ordered a year ago. The original deal was for at least 170 regional jets, worth $4.3 billion.
CHICAGO, May 5 (Reuters) - General Electric Capital Aviation Services said on Wednesday it is discussing the financing it agreed to provide for US Airways' big regional jet order given the airline's debt downgrade.
"We're in discussions with the airline on our financing going forward," said GECAS spokesman Eric Jones. He declined to comment further.
S&P earlier lowered its corporate credit rating on US Airways to "CCC+" from "B-". As a result, GECAS has the right to withdraw financing on Embraer and Bombardier regional jets ordered a year ago. The original deal was for at least 170 regional jets, worth $4.3 billion.
