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FOR IMMEDIATE RELEASE
US AIRWAYS TO REPURCHASE 7% SENIOR CONVERTIBLE NOTES
DUE 2020 AT THE OPTION OF HOLDERS
TEMPE, Ariz. Sept. 1, 2010 – US Airways Group, Inc. (NYSE:LCC) today announced that
holders of US Airways Group’s 7% Senior Convertible Notes due 2020 (the “Securities”) have the
right to surrender their Securities for purchase by US Airways pursuant to the terms of the indenture
for the Securities (the “Put Option”). The Put Option expires on September 29, 2010.
The Put Option entitles each holder of the Securities to require US Airways Group to purchase
all or any part of such holder’s Securities at a purchase price equal to 100% of the principal
amount, plus accrued and unpaid interest (if any).
Under the terms of the Securities, US Airways has the right to pay the purchase price in cash,
common stock or a combination thereof. US Airways intends to pay the purchase price solely with
cash. If all outstanding Securities are surrendered for purchase pursuant to the Put Option, the
aggregate purchase price will be approximately $73.6 million. Holders that do not surrender their
Securities for purchase pursuant to the Put Option will maintain the right to convert their Securities,
subject to the terms, conditions and adjustments applicable to the Securities.
Also in accordance with the terms of the Securities, holders of record as of September 15, 2010
will receive payment on September 30, 2010 of the regularly scheduled interest payment for
interest accrued up to, but not including, the purchase date.
The opportunity to surrender Securities for purchase pursuant to the Put Option will commence
on Wednesday, September 1, 2010, and will terminate at midnight, Eastern Time, on Wednesday,
September 29, 2010. In order to exercise the Put Option, a holder must follow the procedures set
forth in the applicable notice to holders. Holders may withdraw an