US Airways aims to complete firm financing arrangements for the 12 A320 family aircraft it plans to take delivery of next year.
Carrier CFO Derek Kerr outlined the financing timeframe during a presentation at the Rodman & Renshaw 2011 Airline Conference.
Kerr explained backstop financing is in place for all the A320 family aircraft on order, which includes 21 planned deliveries in 2013.
Financing for two of the A320 deliveries scheduled next year is firmed, said Kerr, and US Airways will work to secure financing for the remaining 10 aircraft early next year.
Five Airbus A330-200s are scheduled for delivery in 2013, joining seven already in operation by the carrier.
Kerr said with the additional A330s US Airways has the flexibility to grow internationally, "if we wan to. If we don't want to we have the 767 fleet or 757 fleet that we will reduce by five when we bring those aircraft in".
Source: Air Transport Intelligence news
