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Alabama pension fund buys into US Airways; Retirement system plans to invest $240 million in bankrupt Arlington carrier.

Publication: The Washington Times
Publication Date: 27-SEP-02 		Format: Online - approximately 512 words
Delivery: Immediate Online Access
Full Article Title: Alabama pension fund buys into US Airways; Retirement system plans to invest $240 million in bankrupt Arlington carrier.(BUSINESS)

Article Excerpt
Byline: Tom Ramstack, THE WASHINGTON TIMES

US Airways Group Inc. said yesterday it accepted an offer from Alabama's public pension fund to buy a 37.5 percent share of the bankrupt airline for $240 million, hoping the investor will rescue it from financial collapse.

The Retirement Systems of Alabama (RSA) also said it would loan the Arlington-based airline another $1 billion if it emerges from bankruptcy and the federal government makes good on its tentative pledge...



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