US Airways Makes Presentation for Combined US Airways and Delta Meeting
Includes Representatives From the Delta Creditors' Committee and Delta Management
TEMPE, Ariz., Nov 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- US Airways Group, Inc. (NYSE: LCC) today made a presentation concerning its proposed combination of US Airways and Delta Air Lines Inc. (OTC: DALRQ) to representatives of the Delta creditors' committee, which represents Delta claimholders, and members of Delta's management team.
Doug Parker, US Airways' Chairman and CEO said, "We were pleased to have made a presentation to both Delta and its creditors about what we believe are the compelling and unique benefits of our plan.
We reviewed our offer and had a chance to engage in discussions on the many facets of this proposal. While we recognize the steps that Delta management has taken, we are confident that our proposal for a 'New' Delta will create more value than a stand-alone plan."
US Airways is the fifth largest domestic airline employing nearly 35,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America.
The new US Airways -- the product of a merger between America West and US Airways in September 2005 -- is a member of the Star Alliance, which provides connections for our customers to 841 destinations in 157 countries worldwide.
(From US Airways)
