According to reports, US Airways has now delayed its delivery of 54 Airbus jets until 2013. The carrier says that this delay comes as an attempt to try and bolster its financial strength. The company noted that delaying the deliveries will reduce its aircraft capital expenditures over the next three years by $2.5 billion.

US Airways will instead take delivery of 28 planes over the next three years. This is considered by the airline to be a much more manageable pace during the airline industry slump. The carrier has financing in place for these 28 planes, including a $275 million loan for aircrafts they will be received next year.

The CEO of US Airways, Doug Parker, said in a message to the employees that the move will boost the company’s available cash by $150 million this year and by $450 million by the end of 2010. This is good news for the airline since airline traffic as a whole has been very weak this year. Several major United States carriers had to raise cash in order to get through the slow fall and winter seasons.

US Airways, which is based in Tempe, Arizona, was scheduled to add the Airbus jets over the next three years to replace the older jets in its fleet. However, Parker said that the company would keep its older jets until the new delivery dates. Thus, this push back will not be significantly affecting the airline’s ability to carry more passengers in any way. US Airways has already lost $125 million in the first nine months of this year.

Share this news story:
  • Facebook
  • Twitter
  • Google Bookmarks
  • Yahoo! Buzz
  • MySpace
  • StumbleUpon
  • Live
  • del.icio.us
  • email
  • Print
  • Add to favorites