Wiskey Driver

America West Holding.

America West Holdings Corporation was an Arizona-based company whose primary holding was America West Airlines. During its acquisition of US Airways, America West's parent company adopted the name of US Airways's parent company, which at the time had the name "US Air Group" and which subsequently became US Airways Group after the merger.
America West's corporate offices in Tempe, Arizona were housed in one of the first commercial high-rise buildings constructed in the downtown area, featuring an "airfoil" motif in the shape of its roof.
On May 19, 2005, America West Holdings Corporation announced it would acquire the Arlington, Virginia-based US Airways Group. The new entity is named US Airways Group and is based in America West's former corporate offices in Tempe. US Airways Group corporate offices in Arlington were closed, and most US Airways management were laid off. America West CEO Doug Parker became CEO of the merged companies, and his management team remains in control. The merger was completed on September 27, 2005, and America West now operates under the US Airways brand, which was felt to be more appropriate to the combined airline's nationwide route network. A merger of the two airlines' FAA operating certificates occurred on September 25, 2007 (the US Airways certificate survived), ending the 24-year history of the America West Airlines name.


On April 22, 2005 it was announced that America West Holdings Corporation was in talks with US Airways Group Inc., which owns US Airways, regarding a possible merger with the latter. As reported in the press, US Airways would create a new holding company. Shares in that company would be given to America West Holdings shareholders as well as creditors of US Airways.

On May 19, 2005, America West Holdings Corporation and US Airways Group Inc. announced plans to merge their operations. The Wall Street Journal reported that Doug Parker, America West's chief executive, said the merger would create "the nation's first full-service airline with the customer-friendly pricing structure of a low-fare carrier." The proposed combined airline hopes to achieve profitability by cutting $600 million a year in costs. New equity investors, including Air Wisconsin Airways Corporation and ACE Aviation Holdings, the parent company of Air Canada, pledged to invest a total of $350 million in the new company. Airbus was also one of the investors.
Later investments increased the total new equity raised to $565 million. Of that, ACE Aviation would contribute $75 million for a 7% ownership stake. ACE Aviation would also receive a five-year, C$1.5 billion (US$1.19 billion) contract to maintain all of the merged company's mainline jets. ACE Aviation would also provide other services for the new company, including ground handling, training, and operation of regional jets. Such cooperation is expected to bring more traffic to Air Canada from the merged carriers, and could lead to a code-sharing alliance in the future, the Journal reported.
On September 13, 2005, America West's shareholders voted to approve the merger agreement. Shareholders approved the transaction with 95.5 percent in favor.
On September 16, 2005, the US Bankruptcy Court approved USAirways Chapter 11 Plan of Reorganization, clearing the way for the merger to be closed as soon as September 27, 2005
The Journal characterized the merger proposal as "[offering] a huge break to US Airways and potentially [carrying] big risks for America West," which was in better fiscal shape. In the weeks leading up to the merger announcement, Phoenix-area media reported that local passengers worried about cuts in service to the city's Sky Harbor International Airport, where America West has its largest hub; such things have happened before when US Airways (or a predecessor company) merged with a regional airline. But while the new company would operate under the US Airways name, management would be led by America West Airlines managers and would be located at America West's Phoenix headquarters.
Under terms of the merger agreement, America West Holdings was merged into Barbell Acquisition Corporation, a subsidiary of US Airways Group Inc., on September 27, 2005. Through this transaction, America West Holdings became a wholly owned subsidiary of US Airways Group. For accounting purposes only, America West Holdings was treated as the acquiring company in accordance with SFAS No. 141, which enabled the newly formed company to expedite and immediately make public its stock, foregoing a lengthy registration and IPO process. Both of the merged airlines retained their names and continued operating until September 25, 2007 when America West's FAA certificate was merged into US Airways

WD at AWA

R57 relay

Well that settles it. The opinion of a WSJ reporter means more than Paker's word and/or the 10-Ks. Got it.

CaptainBigWood

Point be made: A new hire at America West is to be senior to a 17 year USAirways and American pilot?

Wiskey Driver

Both of you still dont get it and probably never ever will.

WD at AWA

ncpilot624

Yawn...this has been covered on how many other posts? ...yawn.

Capt Hindsight

The truth? The truth is that by starting yet another thread on this topic, you made every reader's eyes roll back so far they saw their own brains.

Capt H

R57 relay

^^^^^

Maybe there needs to be a US Airways/America West merger forum since that merger isn't finished.

slammer1906

Is there more to life than this mess?

cactusmike

Not the case.

I'm sick of this BS as much as the other airline people are.

Wiskey Driver

Yeah I know, just want folks to remember what the real deal is as its easy to get lost when there is a pending deal on the table. There are some that feel that if we just let it go then they can have an arbitration do over. Sorry cant let it go until they honor the arbitration.

WD at AWA