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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2431 |
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Regarding the contested claims, DOT is working to settle contested claims as quickly as possible, but some will likely result in litigation. Regarding the $35 million set-aside, this category of funds cannot be distributed until all claims in that category are settled. About half of these claims are settled to date, and DOT estimates that it will be able to settle the other half and distribute the $35 million set-aside in about one month...
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To date, only one -- America West -- has been finally approved, and one other -- USAirways -- has been conditionally approved. Four applications have been denied (Vanguard, Frontier Flying Service, Spirit Airlines, and National Airlines). Ten applications are pending -- the largest of which is United Airlines' request for a $2...
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