US Airways Group

Infobox_Company
company_name = US Airways Group Inc.
company_
company_type = Public (NASDAQ|LCC)
company_slogan = Fly with US.
foundation = 1939
location = Tempe, Arizona, USA
key_people = Doug Parker (CEO)
Derek Kerr (CFO)
Scott Kirby (President)
num_employees = 37,675 (2007)
industry = Transportation
products = Airline Services
revenue = profit$11.557 Billion USD (2006)
net_income = Profit$427 Million USD (2007)
homepage = [http://www.usairways.com/ www.usairways.com]

US Airways Group Inc. Nyse|LCC is the Tempe, Arizona-based airline holding company that operates US Airways and US Airways Express. It was acquired by America West Holdings Corporation, parent of America West Airlines, in 2005, but the combined company adopted the better-known US Airways brand; the two airlines' operating certificates merged in 2007. It also operates additional companies that provide associated services. ACE Aviation Holdings, the Canadian parent of Air Canada retains a roughly 6.1% investment stake in the US Airways Group of airlines. The network covers destinations in 47 states, as well as numerous international destinations.

History

Prior to being acquired by America West Holdings Corporation [http://www.sec.gov/Archives/edgar/data/701345/000095012305011287/p70803a2sv1za.htm#137] , US Airways Group was based in Arlington County, Virginia.

On September 12, 2004, US Airways Group and most of its subsidiaries filed for bankruptcy protection for the second time in three years. US Airways Group and the aforementioned subsidiaries, including US Airways, emerged from Chapter 11 bankruptcy protection with the help $125 million equity investment from Air Wisconsin's parent company Air Wisconsin Airlines Corporation [http://www.jsonline.com/story/index.aspx?id=359041] on September 27, 2005, in connection with the completion of its merger with America West Holdings Corporation.

On May 19, 2005, US Airways Group announced that it would be acquired by Tempe, Arizona-based America West Holdings Corporation, whose strength in the West would complement US Airways' routes in the Northeast, Europe, and the Caribbean. At the time of announcement, plans called for the new entity to retain the US Airways brand, its Dividend Miles frequent flyer program, and participation in the Star Alliance (subject to the approval of partner United Airlines); however, it would be headquartered at America West's corporate offices and America West executives and board members would be in control of the merged company. The takeover, presented as a merger, was completed on September 27, 2005.

In October 2006, US Airways leased new office space in a building across the street from its corporate headquarters in Tempe, Arizona to expand and centralize its Corporate operations.

US Airways/Delta proposed merger

On November 15, 2006, US Airways Group announced a proposal to purchase Delta Air Lines for $8.0 billion, half of this amount to be paid in cash with the remainder to be paid in stock. US Airways Group had obtained a firm commitment from Citibank to provide financing for both the cash portion of the merger offer, as well as the required secured loan refinancing at both airlines. The combined airlines would have flown under the Delta Air Lines name. Delta Air Lines repeatedly stated its intentions of exiting bankruptcy as a stand-alone carrier. On December 19, 2006, Delta's Board of Directors officially rejected US Airways offer. The final decision, however, was up to Delta Air Lines creditors as well as a bankruptcy judge as to what would happen.

Delta employees, represented by the Delta Board Council and the Air Line Pilots Association, organized against what they termed the "hostile takeover" effort by US Airways under the title "Keep Delta My Delta". A rally against the US Airways merger at the Georgia International Convention Center was held December 13, 2006, and attended by nearly 3000 pilots, family members, and other supporters. [cite news| url=http://www.ledger-enquirer.com/mld/ledgerenquirer/16230867.htm | title=Delta pilots rally for their airline in face of US Airways bid | first=Daniel | last=Yee | work=Columbus Ledger-Enquirer | publisher=Associated Press | date=2006-12-13 | accessdate=2007-02-06]

On January 10, 2007, US Airways upped their bid for Delta from $8.5 billion to $10.2 billion, and imposed a deadline of February 1 for Delta's creditors committee to move forward with the deal. The move was made, according to US Airways president Scott Kirby, to remove any doubt that the US Airways offer was the best one on the table. [cite news| title=US Airways ups the ante to woo Delta creditors | url=http://www.eastvalleytribune.com/index.php?sty=82133 | work=East Valley Tribune | first=Donna | last=Hogan | date=2007-01-11 | accessdate=2007-02-06]

On January 31, 2007, following a decision by the creditors committee to support Delta's standalone reorganization plan, US Airways withdrew its merger offer. [cite news | title=US Airways' hopes dashed | url=http://www.azcentral.com/arizonarepublic/business/articles/0201biz-usairways0201.html | work=The Arizona Republic | first=Dawn | last=Gilbertson | date=2007-02-01 | accessdate=2007-02-06]

Destinations

See US Airways destinations for destinations served by US Airways Group's four airline subsidiaries, along with the independent US Airways Express carriers.

Fleet

US Airways Group fleet

"'operated by US Airways Group Airlines

Contracted operators fleet

Operated by regional airlines under the US Airways Express brand

Subsidiaries

Airline subsidiary divisions

*US Airways, Inc. which includes US Airways Shuttle
*Piedmont Airlines, Inc. dba US Airways Express
*PSA Airlines, Inc. dba US Airways Express

Airline related business subsidiaries and divisions

*US Airways Express
*America West Holdings Corporation f/k/a Barbell Acquisition Corp.
**America West Airlines, Inc., including its America West Vacations division
*Material Services Company, Inc. is the purchasing arm for US Airways Express.
*Airways Assurance Limited, LLC is a foreign-based insurance subsidiary.

Former subsidiaries

*Allegheny Airlines, Inc. dba US Airways Express, was merged into Piedmont Airlines, Inc., on July 1, 2004
*US Airways Leasing and Sales, Inc. remarketed aircraft, parts, and equipment, and was merged into US Airways, Inc., on July 1, 2004
*US Airways Services Corporation, Inc. f/k/a MidAtlantic Airways, Inc., was merged into US Airways, Inc., on July 1, 2004
*Potomac Air, Inc. dba US Airways Express ceased operations in October 2001
*Shuttle, Inc. dba US Airways Shuttle, was merged into US Airways, Inc., on July 1, 2000

References

External links

* [http://www.usairways.com/awa/content/aboutus/investorrelations/default.aspx Investor relations]
* [http://www.usairways.com/awa/content/aboutus/pressroom/welcome.aspx US Airways Group press room]
* [http://www.usairways.com/awa/content/aboutus/investorrelations/secfilings.aspx US Airways Group SEC filings]

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