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PHOENIX (AP) - The federal government will pocket $116 million from the sale of stock options it received for guaranteeing an emergency loan package to the former America West Airlines after the Sept. 11, 2001, terrorist attacks.
That's in addition to the interest and principal payments it will collect on the $429 million loan package the airline got as it struggled with a drop in travel after the attacks.
The government is getting the money from US Airways, which combined with America West in a deal completed last week. The new company is based in Tempe, Ariz. and run by former top executives at America West.
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