FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
May 27, 1999
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, including area code)
US Airways, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-7000
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 27, 1999, US Airways Investment Management Company,
Inc. (USIM; formerly USAM Corp.), a wholly-owned subsidiary of
US Airways, Inc., agreed to sell its ownership interest in Galileo
International, Inc. (Galileo). The transaction, which closed on
June 3, 1999, resulted in cash proceeds of approximately $307
million and a pre-tax gain of approximately $274 million. USIM's
interest, 7,000,400 shares of Galileo common stock, was sold as
part of a secondary common stock offering completed by Galileo.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrants have duly caused this report to be signed
on their behalf by the undersigned hereunto duly authorized.
US Airways Group, Inc. (REGISTRANT)
/s/ Thomas A. Mutryn
Date: June 4, 1999 By: --------------------------------
Thomas A. Mutryn
Senior Vice President-Finance and
Chief Financial Officer
US Airways, Inc. (REGISTRANT)
/s/ Thomas A. Mutryn
Date: June 4, 1999 By: --------------------------------
Thomas A. Mutryn
Senior Vice President-Finance and
Chief Financial Officer
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