Political Quotes

James Moran: “USAirways indicates that it will run out of money by August and it will need the infusion of loan money by then. What…”

On the recordMay 22, 2002
USAirways indicates that it will run out of money by August and it will need the infusion of loan money by then. What this language does is to not make any of that money available until October 1. And unless we can work out some language, it has no assurance that it can give to the creditors that money, in fact, will be authorized.
Said by
James Moran
Virginia

Editor's note · Context

Discussing the financial situation of USAirways and the timing of loan availability.

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