Air Transport World

Midwest Airlines.(US Nationals)(Brief Article)

In mid-July 2003, Midwest Express Holdings, parent of Midwest Airlines and Regional affiliate Skyway Airlines, was on the verge of a bankruptcy filing. However, after achieving three restructuring initiatives targeted to save roughly $70 million annually--concessionary agreements with its unionized workgroups, renegotiated aircraft lease payments that reduced the costs by $60-$70 million and deals with Boeing and Embraer to adjust the delivery schedule of 717s and defer Embraer RJs--it was able to avoid the trip to US Bankruptcy Court. …

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