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"Company Update for December 20, 2002
"...We have reached a tentative agreement with US Airways on the affirmation of our current contract covering 26 regional jets and the possible addition of up to 9 regional jets with Chautauqua. This agreement is contingent on a large number of “conditions precedent”, not the least of which is they [Airways] successfully emerge from bankruptcy. We hope that Airways will present the amendment to the bankruptcy court for approval early next week. We will not know if the agreement will be approved until January 20th at the earliest. Our Holding Company has also reached a tentative agreement with US Airways to operate up to another 23 regional jets; also assuming numerous conditions are met, including approval by the ALPA association at US Airways. Since Chautauqua cannot comply with the Jets for Jobs requirements, additional furloughed pilots from Airways would be covered under the other regional jet service agreement between the Holding Company and US Airways....
"...Well that’s all for this week. Please take great care of our guests and each other.
"God bless you all,
"Bryan"