List of airlines applying for bail-out

[Ty Webb]

Here's the list, and a link to the article:

http://biz.yahoo.com/ap/020629/airlines_glance_2.html

Thirteen airlines have asked the Air Transportation Stabilization Board for federal loan guarantees under the $10 billion program established following the Sept. 11 terrorist attacks. Two applications have been rejected and one has been approved.


The airlines are:

--Aloha Airlines, applied Thursday.

--American Trans Air, applied June 13.

--America West, applied Nov. 13 and approved Jan. 18.

--Evergreen International Airlines, applied Feb. 25.

--Frontier Airlines, applied Friday.

--Frontier Flying Service, applied Jan. 29 and rejected May 31.

--Great Plains Airlines, applied Thursday.

--National Airlines, applied May 3.

--Spirit Airlines, applied March 28.

--Vanguard Airlines, applied Dec. 19 and rejected May 28.

--United Airlines, applied Monday.

--US Airways, applied June 7.

--World Airways, applied Friday.

The board that rules on the loan applications consists of representatives of Transportation Secretary Norman Y. Mineta, Federal Reserve Board Chairman Alan Greenspan and Treasury Secretary Paul O'Neill. Comptroller General David Walker is a nonvoting member.

 

[Pilot3729]

pre 9/11

I don't know, but maybe it's me. Didn't all these airlines have financial problems pre 9/11. I think they furloghed because 9/11 gave them the excuse to furlough. Let them crash I say. Passengers will go somewhere else, and the airlines that are run by competent CEOs will survive.