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Scalpers a Problem in Russia US Airways Loses Aircraft Financing - US Airways Group Inc. lost financing for new regional jets, cramping the bankrupt airline's ability to implement its new strategy. Part of the Arlington, Va., airline's plan for returning to the black involved using more regional jets to implement a hybrid hub-and-spoke and point-to-point network along the East Coast and in Latin America. But when the airline filed for bankruptcy on Sunday, the company financing those new regional jets, General Electric Capital Corp., suspended the financing. Dow Jones | Posted 7 a.m. United Cuts More Costs - UAL Corp.'s United Airlines, the world's second-largest carrier, plans job cuts and other cost reductions totaling $655 million, a 4.8 percent increase from its earlier goal, Chief Executive Glenn Tilton said. "We've targeted three areas of dramatic improvement for the company where we do not benchmark well: maintenance, airport operations and distribution," Tilton told reporters in Brussels. "They're going to involve job cuts but we do not yet know how many." Post | Posted 7:05 a.m. Hotel Employees in California Authorize Strike - The prospect of a strike by 6,000 housekeepers, waiters and other workers at some of the West Coast's landmark hotels loomed larger Thursday as negotiations for a new contract foundered. Members of the hotel workers union chapters in San Francisco and Los Angeles on Wednesday voted overwhelmingly to authorize a strike at several properties, including some high-profile establishments. Washington Post | Posted 7:10 a.m. ----------------------------------- Off the Record ... people have asked me about my personal feelings regarding the US Airways bankruptcy, particularly after a critical commentary I wrote, which also appears in today's Union-Leader. After all the public bickering with some of the airline's executives, shouldn't I be pleased to see the carrier struggling? The answer is: absolutely not. Truthfully, I wrote the op-ed with great reluctance, and only after I came to believe that the story would help taxpayers by exposing needless government wastefulness. I'm in daily - often hourly - contact with many friends who work at US Airways, and like them, I hope that their company can be salvaged. Posted 7:15 a.m. | Send us your comments. >> Yesterday's Notes | Tomorrow's Notes << E-mail Elliott | Other bloggers | About this blog Latest Travel Notes | Complete Archives
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