US Airways Group and America West Holdings Announce New Board Members for Combined Company
September 08 2005 - 5:40PM
PR Newswire (US)
PHOENIX, Sept. 8 /PRNewswire-FirstCall/ -- US Airways Group, Inc.
and America West Holdings Corporation (NYSE:AWA) today announced
new members for the board of directors of US Airways Group, Inc.
following confirmation of US Airways Group's Plan of Reorganization
and completion of the planned merger of the two companies.
Following those transactions, US Airways Group, Inc. will be the
parent company of US Airways, Inc., America West Holdings
Corporation and America West Airlines, Inc. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO) The
13-member board will include: W. Douglas Parker, 43, currently
chairman, president and CEO of America West Holdings Corporation
and America West Airlines, who will serve as Chairman of US Airways
Group, Inc.; Bruce R. Lakefield, 61, currently CEO and president of
US Airways Group, Inc. and US Airways, Inc., who will serve as
vice-chairman of US Airways Group, Inc.; Richard Bartlett, 48,
managing director and principal of Resource Holdings, Ltd. Mr.
Bartlett is expected to be nominated to the board by Eastshore
Aviation, LLC, which, as previously announced, has agreed to invest
$125 million in US Airways Group in connection with the merger;
Herbert M. Baum, 68, recently retired chairman, president and CEO
of Dial Corporation; Richard C. Kraemer, 62, former CEO of UDC and
president of Chartwell Capital, Inc.; Cheryl G. Krongard, 49,
former senior partner of Apollo Management, L.P.; Robert A. Milton,
45, chairman, president and CEO of ACE Aviation Holdings, Inc. Mr.
Milton is expected to be nominated to the board by ACE Aviation
Holdings, Inc., which, as previously announced, has agreed to
invest $75 million in US Airways Group in connection with the
merger; Hans Mirka, 68, former senior vice president, international
division for American Airlines, Inc.; Denise M. O'Leary, 48, a
private investor in early stage companies; George M. Philip, 58,
executive director of the New York State Teachers' Retirement
System; Richard P. Schifter, 51, partner of Texas Pacific Group;
Edward L. Shapiro, 40, vice president and partner, PAR Capital
Management, Inc. Mr. Shapiro is expected to be nominated to the
board by PAR Investment Partners, L.P., which, as previously
announced, has agreed to invest $100 million in US Airways Group in
connection with the merger; J. Steven Whisler, 50, chairman and CEO
of Phelps Dodge Corporation. Doug Parker stated, "We are extremely
pleased to have a board comprised of these tremendously talented
individuals who bring a wide variety of experiences and
perspectives to our new airline. Our merger with US Airways remains
on track to close later this month and we look forward to our new
board's expertise and counsel as we build the nation's largest full
service, low cost airline." FORWARD-LOOKING STATEMENTS All
statements other than statements of historical fact may be
considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We urge you to
read cautionary language regarding forward-looking statements,
including factors that may cause actual results and/or outcomes to
differ from the forward-looking statements, located in our filings
with the Securities and Exchange Commission, including in the
registration statement on Form S-4, as amended, filed with the
Securities and Exchange Commission on August 11, 2005, which can be
found on our respective websites at http://www.americawest.com/ and
http://www.usairways.com/. ADDITIONAL INFORMATION AND WHERE TO FIND
IT In connection with the proposed merger transaction, US Airways
Group and America West have filed a Registration Statement on Form
S-4 and other documents with the Securities and Exchange Commission
(Registration No. 333-126162) containing a proxy
statement/prospectus regarding the proposed transaction. The proxy
statement/prospectus was mailed to stockholders of America West
Holdings after the registration statement was declared effective by
the SEC on August 11, 2005. WE URGE INVESTORS TO READ THE
REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND OTHER
RELATED MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors may obtain
free copies of the registration statement and proxy
statement/prospectus as well as other filed documents containing
information about US Airways Group and America West Holdings at
http://www.sec.gov/, the SEC's Web site. Free copies of America
West Holdings' SEC filings are also available on America West
Holdings' Web site at
http://www.shareholder.com/americawest/edgar.cfm, or by request to
Investor Relations, America West Holdings Corporation, 111 West Rio
Salado Pkwy, Tempe, Arizona 85281. Free copies of US Airways
Group's SEC filings are also available on US Airways Group's Web
site at http://investor.usairways.com/edgar.cfm or by request to
Investor Relations, US Airways Group, Inc., 2345 Crystal Drive,
Arlington, VA 22227. This communication shall not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended. PARTICIPANTS IN THE SOLICITATION America West Holdings, US
Airways Group and their respective executive officers and directors
may be deemed, under SEC rules, to be participants in the
solicitation of proxies from America West Holdings' stockholders
with respect to the proposed transaction. Information regarding the
officers and directors of America West Holdings is included in its
definitive proxy statement for its 2005 Annual Meeting filed with
the SEC on April 15, 2005. Information regarding the officers and
directors of US Airways Group is included in its 2004 Annual Report
filed with the SEC on Form 10-K on March 1, 2005. More detailed
information regarding the identity of potential participants, and
their interests in the solicitation, is set forth in the
registration statement and proxy statement and other materials
filed with the SEC in connection with the proposed transaction.
-AWA- http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO
http://photoarchive.ap.org/ DATASOURCE: America West Airlines
CONTACT: America West Holdings Corporation, +1-480-693-5729; or US
Airways Group, Inc., +1-703-872-5100 Web site:
http://www.americawest.com/ http://www.usairways.com/
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