US Airways Group and America West Holdings Announce New Board Members for Combined Company

PHOENIX, Sept. 8 /PRNewswire-FirstCall/ -- US Airways Group, Inc. and America West Holdings Corporation (NYSE: AWA) today announced new members for the board of directors of US Airways Group, Inc. following confirmation of US Airways Group's Plan of Reorganization and completion of the planned merger of the two companies. Following those transactions, US Airways Group, Inc. will be the parent company of US Airways, Inc., America West Holdings Corporation and America West Airlines, Inc.

W. Douglas Parker, 43, currently chairman, president and CEO of America West Holdings Corporation and America West Airlines, who will serve as Chairman of US Airways Group, Inc.;

Bruce R. Lakefield, 61, currently CEO and president of US Airways Group, Inc. and US Airways, Inc., who will serve as vice-chairman of US Airways Group, Inc.;

Richard Bartlett, 48, managing director and principal of Resource Holdings, Ltd. Mr. Bartlett is expected to be nominated to the board by Eastshore Aviation, LLC, which, as previously announced, has agreed to invest $125 million in US Airways Group in connection with the merger;

Herbert M. Baum, 68, recently retired chairman, president and CEO of Dial Corporation;

Richard C. Kraemer, 62, former CEO of UDC and president of Chartwell Capital, Inc.;

Cheryl G. Krongard, 49, former senior partner of Apollo Management, L.P.;

Robert A. Milton, 45, chairman, president and CEO of ACE Aviation Holdings, Inc. Mr. Milton is expected to be nominated to the board by ACE Aviation Holdings, Inc., which, as previously announced, has agreed to invest$75 million in US Airways Group in connection with the merger;

Hans Mirka, 68, former senior vice president, international division for American Airlines, Inc.;

Denise M. O'Leary, 48, a private investor in early stage companies;

George M. Philip, 58, executive director of the New York State Teachers' Retirement System;

Richard P. Schifter, 51, partner of Texas Pacific Group;

Edward L. Shapiro, 40, vice president and partner, PAR Capital Management,Inc. Mr. Shapiro is expected to be nominated to the board by PAR Investment Partners, L.P., which, as previously announced, has agreed to invest $100 million in US Airways Group in connection with the merger;

J. Steven Whisler, 50, chairman and CEO of Phelps Dodge Corporation.

Doug Parker stated, "We are extremely pleased to have a board comprised of these tremendously talented individuals who bring a wide variety of experiences and perspectives to our new airline. Our merger with US Airways remains on track to close later this month and we look forward to our newboard's expertise and counsel as we build the nation's largest full service, low cost airline."

SOURCE America West Airlines