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AIR TRANSPORTATION STABILIZATION BOARD Daniel G. Montgomery Executive Director February 11, 2003, Mr. David N. Siegel President and Chief Executive Officer US Airways, Inc. Crystal Park Four 2345
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The Air Transportation Stabilization Board (ATSB) is a federal government agency in the United States that provides financial assistance to airlines facing financial difficulties.
Airlines that are facing financial difficulties and wish to apply for financial assistance from the ATSB are required to file with the board.
Airlines must submit a detailed financial plan outlining their current financial situation, proposed restructuring, and how the ATSB assistance will help stabilize their operations.
The purpose of the ATSB is to provide temporary financial assistance to airlines facing financial difficulties in order to maintain air transportation services.
Airlines must report detailed financial information, proposed restructuring plans, and how the financial assistance will be utilized to stabilize their operations.
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