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Old 01-01-2002, 01:15 PM   #1
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America West Airlines Stock Jumps

America West Airlines Stock Jumps

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PHOENIX (AP) -- Buoyed by a $380 million loan guarantee from the federal government, America West Airlines' stock soared 41 percent Monday and shares of other major carriers rose in sympathy.

The Tempe, Ariz.-based airline received conditional approval for the loan guarantee late Friday, the first carrier to be awarded a portion of the multibillion package passed by Congress after the Sept. 11 attacks. Under terms of the deal, the government would repay up to $380 million of $445 million in loans America West has negotiated contingent on government backing.
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Old 01-01-2002, 01:15 PM   #2
Senior Member
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Join Date: Sep 2001
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Posts: 2,354
America West Airlines Stock Jumps

America West Airlines Stock Jumps

Quote:
PHOENIX (AP) -- Buoyed by a $380 million loan guarantee from the federal government, America West Airlines' stock soared 41 percent Monday and shares of other major carriers rose in sympathy.

The Tempe, Ariz.-based airline received conditional approval for the loan guarantee late Friday, the first carrier to be awarded a portion of the multibillion package passed by Congress after the Sept. 11 attacks. Under terms of the deal, the government would repay up to $380 million of $445 million in loans America West has negotiated contingent on government backing.
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