Airline poised to take delivery of additional aircraft beginning in 2009 to
expand intercontinental network
TEMPE, Ariz., Nov. 20 /PRNewswire-FirstCall/ -- US Airways (NYSE: LCC)
has agreed to terms with Airbus S.A.S. for the order of five additional
long-range wide-body A330-200 aircraft, and entered into a letter of intent
with International Lease Finance Corporation (ILFC) for the lease of two
A330-200s. These additional aircraft allow US Airways to continue its
international growth plans of adding approximately three to four new
markets per year between 2009 and 2011.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO)
The airline expects to take delivery of the five new aircraft from
Airbus through 2011 and induct the two aircraft from ILFC in 2009. Combined
with the ten A330-200s currently on order from Airbus, US Airways' A330-200
fleet will grow to 17 by 2011. US Airways currently operates nine wide-body
Airbus A330-300s that share fleet commonality with the A330-200s.
"The A330-200 with its superior range relative to our existing fleet
will allow US Airways to continue international expansion to new
destinations across the globe from the Pacific to the Atlantic," said Doug
Parker, chairman and CEO of US Airways. "We intend to use the A330s to
expand our existing gateways as well as provide the potential to eventually
add intercontinental service from our west coast hubs."
US Airways is the fifth largest domestic airline employing more than
36,000 aviation professionals worldwide. US Airways, US Airways Shuttle and
US Airways Express operate approximately 3,500 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 the Star Alliance network, which
offers our customers 16,000 daily flights to 855 destinations in 155
countries worldwide. This press release and additional information on US
Airways can be found at http://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," "continue" and similar terms used in
connection with statements regarding the outlook of US Airways Group, Inc.
(the "Company"). Such statements include, but are not limited to,
statements about expected fuel costs, the revenue and pricing environment,
the Company's expected financial performance and operations, future
financing plans and needs, overall economic conditions and the benefits of
the business combination transaction involving America West Holdings
Corporation and US Airways Group, including future financial and operating
results and the combined companies' plans, objectives, expectations and
intentions. Other forward-looking statements that do not relate solely to
historical facts include, without limitation, statements that discuss the
possible future effects of current known trends or uncertainties or which
indicate that the future effects of known trends or uncertainties cannot be
predicted, guaranteed or assured. Such 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
the Company's expectations. Such risks and uncertainties include, but are
not limited to, the following: the impact of high fuel costs, significant
disruptions in the supply of aircraft fuel and further significant
increases to fuel prices; our high level of fixed obligations and our
ability to obtain and maintain financing for operations and other purposes;
our ability to achieve the synergies anticipated as a result of the merger
and to achieve those synergies in a timely manner; our ability to integrate
the management, operations and labor groups of US Airways Group and America
West Holdings; labor costs and relations with unionized employees generally
and the impact and outcome of labor negotiations; the impact of global
instability, including the current instability in the Middle East, the
continuing impact of the military presence in Iraq and Afghanistan and the
terrorist attacks of September 11, 2001 and the potential impact of future
hostilities, terrorist attacks, infectious disease outbreaks or other
global events that affect travel behavior; reliance on automated systems
and the impact of any failure or disruption of these systems; the impact of
future significant operating losses; changes in prevailing interest rates;
our ability to obtain and maintain commercially reasonable terms with
vendors and service providers and our reliance on those vendors and service
providers; security-related and insurance costs; changes in government
legislation and regulation; our ability to use pre-merger NOLs and certain
other tax attributes; competitive practices in the industry, including
significant fare restructuring activities, capacity reductions and in court
or out of court restructuring by major airlines; continued existence of
prepetition liabilities; interruptions or disruptions in service at one or
more of our hub airports; weather conditions; our ability to obtain and
maintain any necessary financing for operations and other purposes; our
ability to maintain adequate liquidity; our ability to maintain contracts
that are critical to our operations; our ability to operate pursuant to the
terms of our financing facilities (particularly the financial covenants);
our ability to attract and retain customers; the cyclical nature of the
airline industry; our ability to attract and retain qualified personnel;
economic conditions; and other risks and uncertainties listed from time to
time in our reports to the Securities and Exchange Commission. There may be
other factors not identified above of which the Company is not currently
aware that may affect matters discussed in the forward-looking statements,
and may also cause actual results to differ materially from those
discussed. All forward-looking statements are based on information
currently available to the Company. 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. Additional factors that may affect the future results of the
Company are set forth in the section entitled "Risk Factors" in the
Company's Quarterly Report on Form 10-Q for the period ended September 30,
2007, which is available at http://www.usairways.com.
-Fly with US-
SOURCE US Airways
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CONTACT:
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