A U.S. bankruptcy judge has confirmed USAirways’ reorganization plan allowing the airline to emerge from bankruptcy and consummate a planned merger with America West in mid-October.
The judge also approved a severance plan for 23 USAirways’ executives over union objections led by the IAM.
"This second bankruptcy in three years has been extremely trying for our members at US Airways,” said IAM GVP Robert Roach, Jr. “It is because of the sacrifice and dedication of those members that US Airways is able to emerge from bankruptcy. The IAM hopes that this reorganization is successful."
