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: April 7, 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) 872-5306
(Registrant's telephone number)
Item 5. Other Events
US Airways Group, Inc. ("US Airways Group") recently
exercised its right to commence a procedure to value
Shuttle, Inc. ("Shuttle"), the owner of the US Airways
Shuttle, in accordance with standards set forth in the
agreement between US Airways Group, lenders to the
shuttle and stockholders of the Shuttle. Following the
establishment of such value, US Airways Group has an
option to purchase the Shuttle at the established value.
If US Airways Group declines to purchase the Shuttle, US
Airways Group will continue to have a right of first
refusal with respect to a purchase of the stock or assets
of the Shuttle. Initiation of the valuation procedure
does not represent a commitment by US Airways Group to
purchase the Shuttle and there can be no assurance that
any such purchase will occur. Any decision by US Airways
Group to purchase the Shuttle either through the
valuation procedure or the right of first refusal will be
made based on price and related business considerations.
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.
Date: April 7, 1997 By: /s/ Lawrence M. Nagin
-----------------------------
Lawrence M. Nagin
Executive Vice President,
Corporate Affairs & General
Counsel
US Airways, Inc.
Date: April 7, 1997 By: /s/ Lawrence M. Nagin
-----------------------------
Lawrence M. Nagin
Executive Vice President,
Corporate Affairs & General
Counsel
