US Airways defers delivery of 54 aircraft
US Airways said Nov. 24 it will delay delivery of 54 Airbus jets until at least 2013 as it tries to bolster its financial strength.
The company said delaying the deliveries will reduce its aircraft capital expenditures over the next three years by $2.5 billion.
US Airways instead will take delivery of 28 planes over the next three years, which it called a more manageable pace during an airline industry slump. The carrier has financing in place for those 28 planes, including commitments for $275 million in loans for aircraft it will receive next year. AP