Rights Offering Filed

BoeingBoy

Veteran
Nov 9, 2003
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US Airways files $150 million rights offering

Wed Jun 29, 2005 05:01 PM ET

WASHINGTON, June 29 (Reuters) - Bankrupt US Airways Group. Inc. on Wednesday filed a rights offering to raise $150 million in additional equity financing, the airline said in a regulatory filing.

The nation's seventh-largest domestic airline, which plans to merge with America West Airlines (AWA.N: Quote, Profile, Research) , said in a filing with the Securities and Exchange Commission it would offer rights to buy just over 9 million shares at a proposed price of $16.50 per share.

The Rights Offering

Jim
 
Is it possible to short these shares yet? Seems to be the only reliable way to make money on airline stocks. :lol: