US Airways has deferred delivery of 54 Airbus jets in an effort to improve its cash flow, the airline said today.
The Airbus jets were scheduled to be delivered between 2010 and 2012. But US Airways has asked for those deliveries to be pushed back to 2013.
“These moves are part of our continuing efforts to improve our balance sheet and return the company to profitability,” said US Airways Chairman and CEO Doug Parker.
These deferral arrangements will reduce the company’s aircraft capital expenditures over the next three years by approximately $2.5 billion, and reduce near- and medium-term obligations to Airbus and others by approximately $132 million.
US Airways also will defer deliveries of its A350 XWB jets to 2017 from 2015.
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