New Board Members for Combined Company

US Airways Group
and
America West Holdings today announced new members for
the board of directors of US Airways Group following confirmation of US
Airways Group’s Plan of Reorganization and completion of the planned merger of
the two companies.  Following those transactions, US Airways Group, Inc. will
be the parent company of US Airways, Inc., America West Holdings Corporation
and America West Airlines, Inc.The 13-member board will include:

    W. Douglas Parker, 43, currently chairman, president and CEO of America
West Holdings Corporation and America West Airlines, who will serve as
Chairman of US Airways Group, Inc.;

  Bruce R. Lakefield, 61, currently CEO and president of US Airways Group,
Inc. and US Airways, Inc., who will serve as vice-chairman of US Airways
Group, Inc.;

  Richard Bartlett, 48, managing director and principal of Resource
Holdings, Ltd.  Mr. Bartlett is expected to be nominated to the board by
Eastshore Aviation, LLC, which, as previously announced, has agreed to invest
$125 million in US Airways Group in connection with the merger;

  Herbert M. Baum, 68, recently retired chairman, president and CEO of Dial
Corporation;

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  Richard C. Kraemer, 62, former CEO of UDC and president of Chartwell
Capital, Inc.;

  Cheryl G. Krongard, 49, former senior partner of Apollo Management, L.P.;

  Robert A. Milton, 45, chairman, president and CEO of ACE Aviation
Holdings, Inc.  Mr. Milton is expected to be nominated to the board by ACE
Aviation Holdings, Inc., which, as previously announced, has agreed to invest
$75 million in US Airways Group in connection with the merger;

  Hans Mirka, 68, former senior vice president, international division for
American Airlines, Inc.;

  Denise M. O’Leary, 48, a private investor in early stage companies;

  George M. Philip, 58, executive director of the New York State Teachers’
Retirement System;

  Richard P. Schifter, 51, partner of Texas Pacific Group;

  Edward L. Shapiro, 40, vice president and partner, PAR Capital Management,
Inc.  Mr. Shapiro is expected to be nominated to the board by PAR Investment
Partners, L.P., which, as previously announced, has agreed to invest
$100 million in US Airways Group in connection with the merger;

  J. Steven Whisler, 50, chairman and CEO of Phelps Dodge Corporation.

  Doug Parker stated, “We are extremely pleased to have a board comprised of
these tremendously talented individuals who bring a wide variety of
experiences and perspectives to our new airline.  Our merger with US Airways
remains on track to close later this month and we look forward to our new
board’s expertise and counsel as we build the nation’s largest full service,
low cost airline.”
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