US Airways, Inc. (“US Airways” or the “Company”), a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC) (“US Airways Group”), announced its intention to make an offering, subject to market and other conditions, of Class C enhanced equipment trust certificates (the “Certificates”) in the aggregate principal amount of approximately $83 million. This offering is in addition to the Company’s previously announced offering of Class A and Class B enhanced equipment trust certificates. The Company intends to use the proceeds from these offerings to refinance five Airbus aircraft currently owned by US Airways, to finance four Airbus aircraft scheduled to be delivered in September, 2011 and October, 2011 and use the balance, if any, for general corporate purposes. The $83 million financing will consist of Class C certificates with a final expected distribution date of April 22, 2016. Goldman, Sachs & Co. (“Goldman Sachs”) will act as structuring agent for the offering. Goldman Sachs, Citigroup Global Markets Inc. (“Citigroup”) and Credit Suisse Securities (USA) LLC (“Credit Suisse”) will act as the joint book-running managers for the offering; Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and Natixis Securities North America Inc. will act as co-managers for the offering. The Certificates will be offered under the Company’s existing effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission. When available, copies of both the prospectus supplement and the accompanying prospectus may be obtained from Goldman Sachs (tel: 1-866-471-2526), from Citigroup (tel: 1-212-723-6171) or from Credit Suisse (tel: 1-800-221-1037). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
