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UNITED STATES
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 19, 1997
US Airways Group, Inc.
(Commission file number: 1-8444)
and
US Airways, Inc.
(Commission file number: 1-8442)
(Exact names of registrants as specified in their charters)
Delaware US Airways Group, Inc. 54-1194634
(State of Incorporation US Airways, Inc. 53-0218143
of both registrants) (I.R.S. Employer Identification Nos.)
US Airways Group, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-5306
(Registrant's telephone number)
US Airways, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-7000
(Registrant's telephone number)
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Item 5. Other Events
On November 19, 1997, US Airways Group, Inc. announced that it
will purchase Shuttle, Inc., currently operating as the US Airways
Shuttle, based upon a valuation of $285 million.
See Exhibit 99 to this report for additional information.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Designation Description
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99 News release dated November 19, 1997 of US Airways,
Group, Inc. related to its announcement that it
will purchase Shuttle, Inc., currently operating as
the US Airways Shuttle, based upon a valuation of
$285 million.
SIGNATURES
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.
US Airways Group, Inc. (Registrant)
Date: November 19, 1997 By: /s/ James A. Hultquist
---------------------------------
James A. Hultquist
Controller (Chief Accounting Officer)
US Airways, Inc. (Registrant)
Date: November 19, 1997 By: /s/ James A. Hultquist
---------------------------------
James A. Hultquist
Controller (Chief Accounting Officer)
(this space intentionally left blank)
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Exhibit 99
US AIRWAYS WILL PURCHASE SHUTTLE
ARLINGTON, Va., Nov. 19, 1997 -- US Airways said today that it
will purchase the Washington-New York-Boston Shuttle, currently
operated as the US Airways Shuttle, based upon a valuation of $285
million.
"The Shuttle will be a key part of US Airways' extended
pattern of operations as we build toward the future. Shuttle
passengers want and deserve service of the highest quality and we
intend to meet those expectations as we continue the long tradition
of Shuttle operations in the Northeast Corridor," said US Airways
Chairman and CEO Stephen M. Wolf.
Wolf also announced that Rita Cuddihy, currently US Airways'
vice president-marketing and distribution planning, has been
selected as president of the Shuttle operation.
"Rita's proven leadership skills and airline experience will
serve US Airways well in this vital position. We are fortunate to
have these strengths within our own ranks," Wolf said.
With the Shuttle, its mainline and US Airways Express
operations in the three Shuttle cities, and with its service at
Philadelphia, US Airways has a major presence throughout the
populous Northeast Corridor.
The US Airways Shuttle flies 15 round-trips daily between
Washington National Airport and New York's LaGuardia Airport and 17
round-trips daily between LaGuardia and Boston. It currently uses
12 Boeing 727 aircraft and employs 550 people.
US Airways established a relationship with Shuttle Inc. --
owned by a consortium of banks -- in 1992 under which the Shuttle
flew under the US Airways name. US Airways also became an investor
in the Shuttle and has a minority ownership stake. Under these
long-standing arrangements, US Airways has a right to purchase the
Shuttle, which it exercised today. The purchase is subject to
government approval.
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NUMBER: 3334
