Bankrupt airline to offer new plan; US Airways seeks investors.(BUSINESS)

Byline: William Glanz, THE WASHINGTON TIMES

US Airways Group Inc. plans to present a proposed agreement with the Air Transportation Stabilization Board to a bankruptcy judge today that would allow the cash-strapped airline to continue operating.

The decision by the ATSB is one of two hurdles US Airways, based in Arlington must overcome this week if it hopes to emerge from its second bankruptcy in two years.

The airline's current agreement with the ATSB, which guaranteed a $900 million loan to US Airways that it uses to fund operations, expires tomorrow.

The ATSB requires the airline to maintain a specific amount of cash, and US Airways …