US Airways CEO: Pennsylvania Agency Should Reduce Debt

D'Ambrosio, Gillian
May 2003
Bond Buyer;5/7/2003, Vol. 344 Issue 31630, p4
Trade Publication
In a letter to Pennsylvania governor Ed Rendell, US Airways Inc. president and chief executive officer David Siegel said he has suggested to Allegheny County Airport Authority officials that they reduce Pittsburgh International Airport's outstanding debt by 500 million dollars to lower the per-passenger costs airlines pay there. Siegel said restructuring Pittsburgh International's bond debt was one option to achieving this cost savings but recognized “that there is both reluctance and challenge associated with that approach” in the letter, which was dated April 25, 2003 and made public to a local newspaper on May 5, 2003.


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