US Airways Group
From Biocrawler, the free encyclopedia.
US Airways Group Inc. (OTC|:UAIRQ) is an airline holding company based in Arlington, Virginia. The major asset is US Airways. The company also operates US Airways Express as a brand with service aircraft and crews provide by US Airways Group subsidaries MidAtlantic Airways, Piedmont Airlines, and PSA along with several other express operators.
History
In 2004 the US Airways subsidary filed for bankruptcy.
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. For additional information om the announcement see: NYT story (http://nytimes.com/2005/05/19/business/20cnd-air.html?hp&ex=1116561600&en=f05446b274ed4c46&ei=5094&partner=homepage); Reuters story (http://news.yahoo.com/news?tmpl=story&u=/nm/20050520/bs_nm/airlines_merger_dc_23)
