PSA AIRLINES (CRJ 200 Pilots (Adding 60

[big dog1]

May 5, 2004
PSA AIRLINES (CRJ 200 Pilots (Adding 60 new aircraft))

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Web Site: http://www.psaairlines.com
off climb to 350

 

[bvt1151]

GE financing unit in discussions with US Airways
Wednesday May 5, 3:32 pm ET

CHICAGO, May 5 (Reuters) - General Electric (NYSE:GE - News) Capital Aviation Services said on Wednesday it is discussing the financing it agreed to provide for US Airways' (NasdaqNM:UAIR - News) 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 (Sao Paolo:EMBR3.SA - News) and Bombardier (Toronto:BBDb.TO - News) regional jets ordered a year ago. The original deal was for at least 170 regional jets, worth $4.3 billion.