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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report: November 18, 1994
USAir Group, Inc.
(Commission file number: 1-8444)
and
USAir, Inc.
(Commission file number: 1-8442)
(Exact names of registrants as specified in their charters)
Delaware USAir Group, Inc. 54-1194634
(State of incorporation USAir, Inc. 53-0218143
of both registrants) (I.R.S. Employer Identification Nos.)
2345 Crystal Drive, Arlington, Virginia 22227
(Address of principal executive offices)
(703) 418-5306 (USAir Group, Inc.)
(703) 418-7000 (USAir, Inc.)
(Registrant's telephone number, including area code)
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Item 5. Other Events
On November 18, 1994, USAir, Inc. disseminated a press release
(included as an Exhibit to this report) regarding its intent to use
net proceeds from possible aircraft sales to repurchase, defease or
redeem outstanding debt.
Item 7. Financial Statements and Exhibits
(c) Exhibits
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Designation Description
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99 Press release dated
November 18, 1994
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SIGNATURES
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Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrants have duly caused this report to be
signed on their behalf by the undersigned thereunto duly
authorized.
USAir Group, Inc.
Date: November 18, 1994 By: /s/ Ann Greer-Rector
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Ann Greer-Rector
Vice President & Controller
(Principal Accounting Officer)
USAir, Inc.
Date: November 18, 1994 By: /s/ Ann Greer-Rector
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Ann Greer-Rector
Vice President & Controller
(Principal Accounting Officer)
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Exhibit 99
USAIR AIRCRAFT SALE NET PROCEEDS WILL GO TO DEBT
ARLINGTON, VA., Nov. 18, 1994 -- In September, USAir, Inc.,
announced it plans to reduce its fleet by 37 jet aircraft in 1995,
from September, 1994 levels. The aircraft include those held on
lease, those subject to mortgages and those which are not
encumbered. At this time, USAir cannot project the timing or net
proceeds of the asset sale.
USAir said today that it intends that the net proceeds of any
sales of assets, after payment of any associated lease and mortgage
obligations will be used to repurchase, defease or redeem its
outstanding debt, including its 12 7/8 percent senior debentures
due April 1, 2000 that are redeemable at par on or after April 1,
1995.
