US Airways Group Inc. (NYSE: LCC) is an airline holding
company based in Tempe, Arizona. US Airways Group operate US Airways, along
with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are
wholly owned but marketed under the branding of US Airways Express. It merged
with America West Holdings Corporation, parent of America West Airlines, in
2005, but the combined company adopted the better-known US Airways name; 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 merging with America West Holdings Corporation ,
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 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
merge with 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 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.
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.
On January 31, 2007, following a decision by the
creditors committee to support Delta's standalone reorganization plan, US
Airways withdrew its merger offer.
US Airways destinations
Below is a list of destinations served by US Airways. The
list does not include cities only served by US Airways Express (Air Wisconsin,
Chautauqua Airlines, Colgan Air, Mesa Airlines, Piedmont Airlines, PSA
Airlines, Republic Airlines, and Trans States Airlines.) For those destinations
see US Airways Express destinations.
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