Hey Ty,
Were the offical statements from the ATSB and the NTSB enough Fact's for you? Or would you like to try and come up with something else?
This is very interesting reading on USAir and their ATSB requirements:
http://biz.yahoo.com/prnews/040312/dcf029_1.html
How about this little FACT?
"US Airways also agreed to a loan covenant that its minimum unrestricted cash balance would not fall below the lower of $700 million and the outstanding balance of the loan at each month "
For a $900 million dollar loan the ATSB REQUIRED a minimum of $700 million of unrestricted cash on hand EVERY MONTH!!!!!!!!!!
Were the offical statements from the ATSB and the NTSB enough Fact's for you? Or would you like to try and come up with something else?
This is very interesting reading on USAir and their ATSB requirements:
http://biz.yahoo.com/prnews/040312/dcf029_1.html
How about this little FACT?
"US Airways also agreed to a loan covenant that its minimum unrestricted cash balance would not fall below the lower of $700 million and the outstanding balance of the loan at each month "
For a $900 million dollar loan the ATSB REQUIRED a minimum of $700 million of unrestricted cash on hand EVERY MONTH!!!!!!!!!!
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