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BUSINESS
July 31, 1996 | From Times Wire Services
Passengers on Swissair's long-haul jets later this year will get a chance to do some casino-style gambling during their flights. Las Vegas-based Interactive Flight Technologies has completed a contract with Swissair for the installation of its In-Flight Entertainment Network on all of the airline's long-haul jets. The first plane is scheduled to be equipped with the system, which will cost between $70 million and $80 million, in October and to be in flight by November.
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BUSINESS
November 7, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
USAir Group on Wednesday ordered at least 120 new Airbus Industrie jetliners valued at $5 billion, a bold statement by the struggling carrier that its fortunes are going to improve. The nation's sixth-largest airline said it also might buy an additional 280 planes from the European aircraft maker over the next decade, all in order to replace virtually its entire fleet and lower its operating costs.
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BUSINESS
August 11, 1987 | GREG JOHNSON
Nine Pacific Southwest Airlines executives have been discharged by USAir Group, which acquired the San Diego-based airline in May, a spokesman for PSA said. The dismissals, which occurred about two weeks ago, were the first management changes at the airline. Arlington, Va.-based USAir has indicated that it will eventually fold PSA's West Coast operations into USAir's national operation. Those dismissed were John Siefert, vice president-marketing; Jim Johnston, director of advertising; Byron H.
BUSINESS
October 15, 1996 | Times Staff and Wire Reports
USAir Says It's in Talks to Buy Jetliners: Boeing Co., Europe's Airbus Industrie and McDonnell Douglas Corp. are all vying to replace older aircraft for USAir Group, the nation's sixth-largest carrier, which is seeking to reduce costs. The Arlington, Va.-based airline is in the market for as many as 120 new jets valued at about $5 billion, sources told Bloomberg Business News. USAir declined to confirm or deny the number of aircraft involved.
BUSINESS
March 26, 1987
Corporate raider Carl C. Icahn sold virtually all of his 15% holding in USAir Group for $180 million, a move that appears to end his involvement with USAir, which he tried to take over for $1.6 billion earlier this month. USAir Group itself is seeking to buy Piedmont Aviation. Trans World Airlines, of which Icahn is chairman, actually held the USAir Group stock and sold it on the open market in a block trade.
NEWS
March 9, 1987 | Associated Press
USAir Group Inc. and Piedmont Aviation Inc. announced today that Piedmont's board of directors has accepted USAir's sweetened $1.59-billion buyout offer. The cash agreement calls for USAir to pay $69 a share for Piedmont stock. The deal was expected to frustrate the attempt by TWA Chairman Carl Icahn to buy USAir for $1.65 million. TWA, nevertheless, filed a new petition today with the Transportation Department seeking approval of the proposed purchase.
BUSINESS
March 25, 1987
USAir Group and PS Group agreed to complete USAir's $400-million acquisition of San Diego-based Pacific Southwest Airlines by April 30. The two airline holding companies moved up the deadline from Sept. 30 because earlier this month federal regulators approved the acquisition on an expedited basis. The only remaining obstacle is USAir's demand that PSA negotiate labor contract modifications from the Teamsters Union that represents 3,000 PSA employees.
NEWS
March 4, 1987 | Associated Press
Trans World Airlines stunned competitors today by offering $1.4-billion cash to buy USAir Group Inc., throwing into question USAir's own $1.65-billion offer to buy Piedmont Aviation Inc. TWA Chairman Carl C. Icahn, a well known takeover strategist who bought TWA last year, also expressed interest in discussing a combination of all three airlines, which are among the 10 largest in the nation. The TWA announcement sent USAir's stock up $5.87 1/2 to $49.62 1/2.
BUSINESS
March 12, 1987
The Justice Department is examining Trans World Airlines' purchases of USAir Group Inc. stock for possible violations of federal law, an assistant attorney general said. Charles F. Rule, acting head of the department's antitrust division, told a Senate subcommittee that the government is "looking into" whether TWA's actions complied with requirements of the Hart-Scott-Rodino Act. Last week TWA offered to buy USAir for $1.
BUSINESS
March 6, 1987 | ROBERT E. DALLOS, Times Staff Writer
USAir Group on Thursday angrily rejected financier Carl C. Icahn's $1.6-billion takeover bid as "grossly inadequate and not in the best interests of USAir Group and its shareholders, employees or passengers." It also accused Icahn of interfering with USAir's proposed acquisition of Piedmont Aviation. Icahn, chairman and 73% owner of Trans World Airlines, made his $52-a-share offer Wednesday, just as Piedmont was considering the USAir takeover bid.
BUSINESS
October 5, 1996 | Times Staff and Wire Reports
USAir Considers Starting Low-Fare Airline: USAir Group Inc. is hoping to head off other discount carriers such as Southwest Airlines Inc. that are encroaching on its stronghold in the Northeast. Airline and union officials began discussing the possibility of a no-frills carrier last month, said David McLarney, a USAir pilot and a spokesman for USAir's Air Line Pilots Assn. Arlington, Va.-based USAir wouldn't be the first major U.S. airline to start a low-cost carrier.
BUSINESS
July 31, 1996 | From Times Wire Services
Passengers on Swissair's long-haul jets later this year will get a chance to do some casino-style gambling during their flights. Las Vegas-based Interactive Flight Technologies has completed a contract with Swissair for the installation of its In-Flight Entertainment Network on all of the airline's long-haul jets. The first plane is scheduled to be equipped with the system, which will cost between $70 million and $80 million, in October and to be in flight by November.
BUSINESS
September 28, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Despite a huge loss on its investment in USAir Group, British Airways wants permission to buy up to 49% of a U.S. airline in exchange for giving American carriers more access to London's prized Heathrow Airport, British Airways' chairman said Wednesday. Foreign airlines are currently limited to owning 25% of a U.S.-based carrier, and "that is a bone of contention from the U.K. standpoint," Sir Colin Marshall said in an interview. That dispute and others have dogged a 2-year-old effort by U.S.
BUSINESS
July 22, 1995 | From Associated Press
USAir Group Inc. said Friday that its second-quarter earnings were eight times higher than last year, boosted by improved industry conditions and cost reductions by the airline. The carrier earned $112.8 million for the quarter ended June 30, compared to $13.8 million a year ago. Profit per share was $1.47, contrasted with a loss of 9 cents a share in the second quarter of 1994. Revenue was $1.98 billion, up from $1.88 billion a year ago.
BUSINESS
September 22, 1987 | ROBERT E. DALLOS, Times Staff Writer
A Transportation Department administrative law judge recommended Monday that the proposed purchase of Piedmont Airlines by USAir Group be rejected because "it would substantially reduce competition in numerous relevant markets" and thus "is not in the public interest." Judge Ronnie A. Yoder's recommendation now goes to Matthew Scocozza, assistant secretary of transportation for policy and international affairs.
BUSINESS
September 3, 1987 | CHRIS KRAUL, San Diego County Business Editor
The merger of Pacific Southwest Airlines with its new parent company USAir Group has hit a last-minute snag, just as USAir was about to order new uniforms for PSA employees and begin painting PSA jets over with its red and maroon color scheme. The joint master executive council of the Air Line Pilots Assn., representing both USAir and PSA pilots, has rejected a transition agreement put forth by USAir management to cover the application of USAir pilots' work rules to PSA pilots.
BUSINESS
October 5, 1996 | Times Staff and Wire Reports
USAir Considers Starting Low-Fare Airline: USAir Group Inc. is hoping to head off other discount carriers such as Southwest Airlines Inc. that are encroaching on its stronghold in the Northeast. Airline and union officials began discussing the possibility of a no-frills carrier last month, said David McLarney, a USAir pilot and a spokesman for USAir's Air Line Pilots Assn. Arlington, Va.-based USAir wouldn't be the first major U.S. airline to start a low-cost carrier.
BUSINESS
October 15, 1996 | Times Staff and Wire Reports
USAir Says It's in Talks to Buy Jetliners: Boeing Co., Europe's Airbus Industrie and McDonnell Douglas Corp. are all vying to replace older aircraft for USAir Group, the nation's sixth-largest carrier, which is seeking to reduce costs. The Arlington, Va.-based airline is in the market for as many as 120 new jets valued at about $5 billion, sources told Bloomberg Business News. USAir declined to confirm or deny the number of aircraft involved.
BUSINESS
August 11, 1987 | GREG JOHNSON
Nine Pacific Southwest Airlines executives have been discharged by USAir Group, which acquired the San Diego-based airline in May, a spokesman for PSA said. The dismissals, which occurred about two weeks ago, were the first management changes at the airline. Arlington, Va.-based USAir has indicated that it will eventually fold PSA's West Coast operations into USAir's national operation. Those dismissed were John Siefert, vice president-marketing; Jim Johnston, director of advertising; Byron H.
BUSINESS
May 30, 1987 | GREG JOHNSON
Pacific Southwest Airlines, which began offering passenger service on the West Coast in 1949 with a single DC-3 airplane, was acquired Friday by USAir Group in a deal valued at $385 million. USAir and PSA have been working to complete the acquisition since the deal was first announced last December. San Diego-based PSA will operate as a separate subsidiary of USAir until the end of the year, after which flight operations of the two airlines will be merged.
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