US Airways to further reduce fleet

Published February 28, 2005 12:00 AM EST 1 Min Read

US Airways has announced that it will ground an additional 11 planes, all older 737s, in its mainline fleet in May. The fleet reduction comes on the heels of the airline’s decision to return 25 planes to General Electric Co.‘s leasing arm over the next three years. Since US Airways declared bankruptcy last year, ABS market observers have expressed concerns over the downsizing of the legacy carrier’s fleet and the potential impact on lease rates.

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