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Press Release Source: US Airways
US Airways Restructures and Increases Airbus Order
Wednesday August 30, 4:43 pm ET
Transaction Increases Commitment to A321 Family; Accelerates Delivery Schedule and Improves Fleet Flexibility
TEMPE, Ariz., Aug. 30 /PRNewswire-FirstCall/ -- US Airways (NYSE: LCC - News) today added seven new Airbus A321s to an existing order for 30 Airbus A320 family aircraft. The amendment also converts existing orders for one A320 aircraft and seven A319 aircraft to an order for eight A321 aircraft. Deliveries of the 15 A321 aircraft will begin in July 2008 and run through 2010. Deliveries under the prior order were not scheduled to begin until 2009. The A321 aircraft will be configured to accommodate 183 passengers in two classes of service (16 first class, 167 main cabin). US Airways has certain conversion flexibility within the A320 family on the remaining 22 aircraft.
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"This transaction provides important fleet flexibility to US Airways," said Chairman, President and CEO Doug Parker. "The expanded and accelerated order positions will either allow US Airways to replace less efficient aircraft more quickly or allow for modest expansion should market conditions warrant."
US Airways and America West's recent merger creates the fifth largest domestic airline employing nearly 35,000 aviation professionals. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. US Airways is a member of Star Alliance, which provides connections for our customers to 842 destinations in 152 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com. (LCCG)
FORWARD-LOOKING STATEMENTS
Certain of the statements contained herein should be considered "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "indicate," "anticipate," "believe," "forecast," "estimate," "plan," "guidance," "outlook," "could," "should," and "continue" and similar terms. Such statements include, but are not limited to, statements about the outlook of US Airways Group, Inc. (the "Company"), expected fuel costs, the revenue and pricing environment, expected financial performance, and the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results, the combined companies' plans, objectives, expectations and intentions, as well as other statements that are not historical facts. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties that could cause the Company's actual results and financial position to differ materially from these statements. These risks and additional factors that may affect the future results of the Company are set forth in detail in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, which is available at www.usairways.com. The Company assumes no obligation to publicly update or revise any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law.
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Press Release Source: US Airways
US Airways Restructures and Increases Airbus Order
Wednesday August 30, 4:43 pm ET
Transaction Increases Commitment to A321 Family; Accelerates Delivery Schedule and Improves Fleet Flexibility
TEMPE, Ariz., Aug. 30 /PRNewswire-FirstCall/ -- US Airways (NYSE: LCC - News) today added seven new Airbus A321s to an existing order for 30 Airbus A320 family aircraft. The amendment also converts existing orders for one A320 aircraft and seven A319 aircraft to an order for eight A321 aircraft. Deliveries of the 15 A321 aircraft will begin in July 2008 and run through 2010. Deliveries under the prior order were not scheduled to begin until 2009. The A321 aircraft will be configured to accommodate 183 passengers in two classes of service (16 first class, 167 main cabin). US Airways has certain conversion flexibility within the A320 family on the remaining 22 aircraft.
ADVERTISEMENT
(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO)
"This transaction provides important fleet flexibility to US Airways," said Chairman, President and CEO Doug Parker. "The expanded and accelerated order positions will either allow US Airways to replace less efficient aircraft more quickly or allow for modest expansion should market conditions warrant."
US Airways and America West's recent merger creates the fifth largest domestic airline employing nearly 35,000 aviation professionals. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. US Airways is a member of Star Alliance, which provides connections for our customers to 842 destinations in 152 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com. (LCCG)
FORWARD-LOOKING STATEMENTS
Certain of the statements contained herein should be considered "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "indicate," "anticipate," "believe," "forecast," "estimate," "plan," "guidance," "outlook," "could," "should," and "continue" and similar terms. Such statements include, but are not limited to, statements about the outlook of US Airways Group, Inc. (the "Company"), expected fuel costs, the revenue and pricing environment, expected financial performance, and the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results, the combined companies' plans, objectives, expectations and intentions, as well as other statements that are not historical facts. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties that could cause the Company's actual results and financial position to differ materially from these statements. These risks and additional factors that may affect the future results of the Company are set forth in detail in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, which is available at www.usairways.com. The Company assumes no obligation to publicly update or revise any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law.
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