WASHINGTON (June 28, 2002 6:11 p.m. EDT) - Less than half of the major U.S. airlines sought government-backed loans under a program created to help the industry recover from the Sept. 11 terrorist attacks. Of the country's 11 largest passenger airlines, only four - America West, American Trans Air, United Airlines and US Airways - asked the Air Transportation Stabilization Board to lend them money to keep flying. The loan program required airlines to provide detailed information and let the government buy stock in their companies, a provision modeled after the Chrysler bailout. "Once they actually looked at what the...
