US Airways Group
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| US Airways Group Inc. | |
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| Type | Public (NASDAQ: LCC) |
| Founded | 1939 |
| Headquarters | Tempe, Arizona, USA |
| Key people | Doug Parker (CEO) Derek Kerr (CFO) Scott Kirby (President) |
| Industry | Transportation |
| Products | Airline Services |
| Revenue | ▲$11.557 Billion USD (2006) |
| Net income | ▲$427 Million USD (2007) |
| Employees | 37,675 (2007) |
| Website | www.usairways.com |
US Airways Group Inc. NYSE: LCC is the Tempe, Arizona-based airline holding company that operates US Airways and US Airways Express; before the 2007 merging of operating certificates, the group also managed America West Airlines. 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. When combined, the US Airways Group airlines form the largest low-cost, hub-and-spoke based airline network in the U.S.. The network covers destinations in 47 states, as well as numerous international destinations.
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[edit] History
Prior to acquiring America West Holdings Corporation [[1]], 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[2] 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 will 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.
[edit] 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. [1]
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.[2]
On January 31, 2007, following a decision by the creditors committee to support Delta's standalone reorganization plan, US Airways withdrew its merger offer.[3]
[edit] Destinations
See US Airways destinations for destinations served by US Airways Group's four airline subsidiaries, along with the independent US Airways Express carriers.
[edit] Fleet
[edit] US Airways Group fleet
operated by US Airways Group Airlines
| Aircraft | Total | Passengers (First-Envoy*/Economy) |
Notes |
|---|---|---|---|
| Airbus A319 | 93 (13 orders) |
124 (12/112) | |
| Airbus A320-200 | 75 (9 orders) |
150 (12/138) | |
| Airbus A321-200 | 28 (15 orders) |
183 (16/167) | |
| Airbus A330-200 | (17 orders) | Entry into service: 2009 | |
| Airbus A330-300 | 9 | 293 (30/263) | |
| Airbus A350-800 | (20 orders) | ||
| Boeing 737-300 | 56 | 126 (12/114) 134 (8/126) |
|
| Boeing 737-400 | 40 | 144 (12/132) | |
| Boeing 757-200 | 46 | 193 (8/185) 190 (14/176) 179 (12/167) |
|
| Boeing 767-200ER | 10 | 203 (24/179) | |
| Embraer 190 | 19 (6 orders) (50 options) |
99 (11/88) | |
| Canadair Regional CRJ-700 | 14 | 70 | Under US Airways Group subsidiary PSA Airlines operating certificate. |
| Canadair Regional CRJ-200 | 35 | 50 | Under US Airways Group subsidiary PSA Airlines operating certificate. |
| deHavilland Dash 8-100/200 | 35 | 37 | Under US Airways Group subsidiary Piedmont Airlines operating certificate. |
| deHavilland Dash 8-300 | 11 | 50 | Under US Airways Group subsidiary Piedmont Airlines operating certificate. |
[edit] Contracted operators fleet
Operated by regional airlines under the US Airways Express brand
| Type | Seats | Number | Operated by |
| Canadair Regional CRJ-900 | 88 | 38 | Mesa Airlines |
| Canadair Regional CRJ-200: | 50 | 87 | Air Wisconsin, Mesa Airlines |
| deHavilland Dash 8-100/200 | 37 | 15 | Mesa Airlines |
| Embraer ERJ-175 | 86 | 30 | Republic Airlines |
| Embraer ERJ-170 | 72 | 28 | Republic Airlines |
| Embraer ERJ-145 | 50 | 22 | Chautauqua Airlines, Trans States Airlines |
| Saab 340B | 34 | 18 | Colgan Air |
| Beechcraft 1900D | 19 | 24 | Air Midwest, Colgan Air |
[edit] Subsidiaries
[edit] Airline subsidiary divisions
- US Airways, Inc. which includes US Airways Shuttle
- Piedmont Airlines, Inc. dba US Airways Express
- PSA Airlines, Inc. dba US Airways Express
[edit] Airline related business subsidiaries and divisions
- US Airways Express
- America West Holdings Corporation f/k/a Barbell Acquisition Corp.
- America West Airlines, Inc., including its America West Vacations division
- Material Services Company, Inc. is the purchasing arm for US Airways Express.
- Airways Assurance Limited, LLC is a foreign-based insurance subsidiary.
[edit] Former subsidiaries
- Allegheny Airlines, Inc. dba US Airways Express, was merged into Piedmont Airlines, Inc., on July 1, 2004
- US Airways Leasing and Sales, Inc. remarketed aircraft, parts, and equipment, and was merged into US Airways, Inc., on July 1, 2004
- US Airways Services Corporation, Inc. f/k/a MidAtlantic Airways, Inc., was merged into US Airways, Inc., on July 1, 2004
- Potomac Air, Inc. dba US Airways Express ceased operations in October 2001
- Shuttle, Inc. dba US Airways Shuttle, was merged into US Airways, Inc., on July 1, 2000
[edit] References
- ^ Yee, Daniel. "Delta pilots rally for their airline in face of US Airways bid", Columbus Ledger-Enquirer, Associated Press, 2006-12-13. Retrieved on 2007-02-06.
- ^ Hogan, Donna. "US Airways ups the ante to woo Delta creditors", East Valley Tribune, 2007-01-11. Retrieved on 2007-02-06.
- ^ Gilbertson, Dawn. "US Airways' hopes dashed", The Arizona Republic, 2007-02-01. Retrieved on 2007-02-06.
[edit] External links
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