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Encyclopedia > America West Holdings Corporation

America West Holdings Corporation NYSE: AWA is an Arizona-based company owned by US Airways Group Inc. Its primary holding is America West Airlines. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... State nickname: The Grand Canyon State, The Copper State Other U.S. States Capital Phoenix Largest city Phoenix Governor Janet Napolitano (D) Official languages English Only State Area 295,254 km² (6th)  - Land 294,312 km²  - Water 942 km² (0. ... US Airways Group Inc. ... America West Airlines (IATA: HP, ICAO: AWE, and Callsign: Cactus), one of the United States ten major airlines, is based in Phoenix, Arizona and is a part of US Airways Group. ...


America West's corporate offices in Tempe are housed in one of the first commercial high-rise buildings constructed in the downtown area, featuring a unique "airfoil" motif in the shape of its roof. Tempe is a city located in Maricopa County, Arizona. ...


History

In December, 2004, America West Holdings Corporation announced interest in buying part of American Trans Air, but did not submit a bid. December is the twelfth and last month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... ATA Airlines (formerly American Trans Air) is a discount airline based in Indianapolis, Indiana, United States. ...


On 19 May 2005 the corporation and US Airways Group Inc. announced plans to merge their operations. US Airways Group Inc. ...


On 27 September 2005, the acquisition by US Airways Group Inc. was completed. US Airways Group Inc. ...


Merger with US Airways Group

On 20 April 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. 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. US Airways Group Inc. ... A US Airways 737 at Chicago OHare US Airways (IATA: US, ICAO: USA, and Callsign: US Air) is an airline based in Arlington County, Virginia that is owned by US Airways Group, Inc. ...


On 19 May 2005, America West Holdings Corporation and US Airways Group Inc. announced plans to merge their operations. The Wall Street Journal reported that W. Douglas 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 profitibility 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. Later investments increased the total new equity raised to $565 million. Of that, ACE Aviation (which, like US Airways, is a Star Alliance member) 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. US Airways Group Inc. ... The Wall Street Journal is an influential international daily newspaper published in New York City, New York with a worldwide average daily circulation of more than 2. ... Air Wisconsin Airlines Corporation logo. ... Air Canada, (IATA: AC, ICAO: ACA, and Callsign: Air Canada) is owned by ACE Aviation Holdings Inc. ... Air Canada is Canadas flag air carrier, headquartered in Montreal, Quebec. ... Launched on May 14, 1997, the Star Alliance was the first, and remains the largest airline alliance in the world. ...


On 13 September 2005, America West's shareholders voted to approve the merger agreement. 95.5 percent of shareholders approved the transaction. See: results of shareholder voting.


On 16 September 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. For the merger approval announcement see Plan of Reorganization Approval September 27 is the 270th day of the year (271st in leap years) in the Gregorian Calendar, with 95 days remaining. ...


The Journal characterized the merger proposal as "[offering] a huge break to US Airways and potentially [carrying] big risks for America West," which is 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. Sky Harbor International Airport (IATA: PHX, ICAO: KPHX) in Phoenix is Arizonas main international airport, one of the largest aviation facilities in the American Southwest and one of the top ten busiest airports in the country. ...


Under terms of the merger agreement, America West Holdings was merged into Barbell Acquisition Corporation, a subsidary of US Airways Group Inc., on 27 September 2005, with America West Holdings as the surviving company. All of the currently operating airlines will retain their current names and continue operating until 2007. Details on how the various operations will be merged will be resolved at a future date and will need to be approved by the FAA where they affect operating procedures. FAA may refer to: Federal Aviation Administration in the United States Fleet Air Arm in the UK Royal Navy Fuerza Aérea Argentina in Argentina This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...


Divisions

  • America West Airlines
  • America West Express
  • America West Vacations This division provides vacation packages that include airfare, accommodations and optional rental cars at selected destinations. These are only offered for destinations that America West flies to or offers as a code share destination.

  Results from FactBites:
 
Annual Report 1997 - Narrative (4201 words)
As the backbone of America West’s route system, the airline’s main hub at Phoenix Sky Harbor International Airport is integral to expansion, and approximately 80 percent of the airline’s growth of the past two years has focused on Phoenix.
America West successfully negotiated very competitive and flexible financial terms, which are not only consistent with the airline’s commitment to maintain its industry-leading cost structure, but also will allow the airline to grow, replace older aircraft and continue to operate one of the most modern fleets in the industry.
America West serves as the official airline of the Arizona Diamondbacks, Arizona’s new Major League Baseball franchise, and participates in a financial partnership and 10-year marketing venture that includes an equity investment by America West in the limited partnership that owns the team.
America West Airlines - Wikipedia, the free encyclopedia (1316 words)
America West Airlines (IATA: HP, ICAO: AWE, and Callsign: Cactus), one of the United States' ten major airlines, is based in Phoenix, Arizona and is a part of US Airways Group.
America West was one of the first airlines to use extensive "cross-utilization", in which employees were trained in a variety of airline jobs, such as pilots trained in dispatch, and both baggage handlers and flight attendants being trained as gate agents.
America West also utilized an aggressive employee stock ownership program, in which new employees were required to invest 20% of their salary in company stock, providing a steady flow of cash as the company grew.
  More results at FactBites »


 
 

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