Rights Offering Filed

[BoeingBoy]

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

 

[USA320Pilot]

US Airways Group Issues Proxy Filing

America West Shareholders, US Airways Creditors to Have Opportunity to Invest in New Airline

See Story

Regards,

USA320Pilot

 

[bwipilot]

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