U.S. Airways Group, Inc. (NYSE: LCC) has sold 26,315,790 shares of its common stock to Citi. The Company will allow Citi to purchase up to 3,947,369 additional shares of common stock to cover over allotments. The sale is expected to be finished on September 28, 2009. Proceeds are planned to go towards general corporate purposes.
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About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day and serves more than 200 communities in the U.S., Canada, Europe, the Middle East, the Caribbean and Latin America. The airline employs more than 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 17,000 daily flights to 916 destinations in 160 countries worldwide.
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