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NATIONAL
March 14, 2007 | From Times Wire Reports
Six Muslim scholars who were kicked off a US Airways flight last fall have filed a lawsuit claiming the airline discriminated against them and violated their civil rights. The imams, five of whom live in the Phoenix area, were returning from a religious conference in November when they were taken off a plane in Minneapolis, handcuffed and questioned. They had prayed on their prayer rugs in the Minneapolis-St.
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BUSINESS
May 24, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
In a deal that is likely to set off a new round of consolidation in the airline industry, the parent company of United Airlines plans to purchase US Airways Group Inc., creating an airline behemoth of more than 6,500 daily flights and nearly 1,000 jetliners, industry sources said Tuesday. UAL Corp., already the world's biggest airline, could announce the deal today. Neither company would comment Tuesday evening.
BUSINESS
December 28, 2002 | From Reuters
A federal bankruptcy judge said he would allow General Electric Co. to provide $36.6 million to US Airways Group Inc. in a modification of a 2001 credit agreement. The advance, approved by Judge Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia in Alexandria, is part of a proposal under which GE would acquire a 5% stake in a reorganized US Airways in return for loan concessions.
BUSINESS
September 19, 1997 | Reuters
Arlington, Va.-based US Airways Group Inc. has received a new contract proposal from the pilots union that could help move the two sides toward a labor agreement as a crucial Sept. 30 deadline approaches. US Airways Chairman Stephen Wolf told employees at a meeting in Pittsburgh that the company wants to "study it thoroughly, respond very quickly and respond very fairly," a company spokesman said.
BUSINESS
April 25, 1998 | From Bloomberg News
US Airways Group Inc. and Boeing Co. said they settled a legal dispute involving a US Airways 1996 cancellation of airplane orders. US Airways acknowledged a breach of contract and made an undisclosed payment to Seattle-based Boeing. "Based on mutual business considerations, Boeing and US Airways have resolved our differences," the companies said in a statement.
BUSINESS
May 10, 2006 | From Bloomberg News
US Airways Group Inc., which left bankruptcy protection in September by merging with America West Airlines, reported a first-quarter profit as higher fares boosted revenue. Net income was $65 million, or 76 cents a share, on sales of $2.65 billion, Tempe, Ariz.-based US Airways said. The results prompted at least three analysts to raise their estimates for full-year profit, and shares jumped 9.2% to a record.
BUSINESS
March 15, 2007 | From Bloomberg News
US Airways Group Inc. said problems with its computerized reservation and ticketing system will be "99% fixed" by the end of this week, after causing flight delays and long lines this month. The delays began March 4 when the Tempe, Ariz.-based airline tried to combine its computerized system with that of America West Holdings Corp.
BUSINESS
October 3, 2002 | Associated Press
The government approved a proposal by UAL Corp.'s United Airlines and US Airways Group to sell seats on each other's flights, coordinate schedules and offer reciprocal perks such as frequent-flier miles. The Transportation Department said it gave the go-ahead to the two struggling airlines to increase competition and benefit travelers.
BUSINESS
November 19, 1998 | James F. Peltz
Rakesh Gangwal, president of US Airways, the nation's sixth-largest airline, was named chief executive of its parent company, US Airways Group Inc. Gangwal, 45, succeeds his colleague and mentor, Stephen M. Wolf, who remains chairman. The pair worked together first at United Airlines, a unit of UAL Corp., and at Air France before joining Arlington, Va.-based US Airways nearly three years ago.
BUSINESS
August 3, 1999 | From Bloomberg News
Tiger Management, the hedge fund group run by Julian Robertson and the largest shareholder at US Airways Group Inc., said it may seek a sale or merger of the airline to rebuild its value after a year of slumping stock performance. Robertson-managed funds hold a 22.4% stake in Arlington, Va.-based US Airways, whose shares have lost half their value in the last year and hit a 52-week closing low Friday. Shares rose $2.88 to close at $38.50 Monday on the New York Stock Exchange.
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