TITLE

US Airways Stuns Pittsburgh Hub By Demanding Lease Negotiation

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/2/2003, Vol. 344 Issue 31606, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The US Airways Inc. has decided to negotiate new leases at Pittsburgh International Airport, which was unexpected to local officials who said they had expected the airline to assume the existing leases.At 11: 39 p.m. on March 30, 2003, without informing airport officials, US Airways electronically filed a prospective rejection of all its Pittsburgh airport leases beginning Jan. 5, 2004, according Allegheny County Airport Authority executive director Kent George. The US Airways, which uses Pittsburgh as a hub, accounts for 90 percent of the air traffic at the airport and leases 50 of the airport's 75 gates, 42 on an exclusive basis.
ACCESSION #
9837445

 

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