America West Acquires Aircraft for 2004

America West Airlines announced today that it has reached agreements with
lessors to add four aircraft to its fleet in 2004. The airline previously
announced its plans to increase capacity by 10 percent during 2004 through
a combination of increased utilization and additional aircraft. With the
acquisition of these four aircraft and the scheduled delivery of two
additional airplanes in late 2004, America West now has sufficient
capacity to meet its growth plans for 2004.

The airline has signed a lease agreement for one Airbus A320 aircraft from
Boullioun Aviation Services, Inc., and a Letter of Intent (LOI) for three
additional A320 aircraft from International Lease Finance Corporation
(ILFC). The length of these lease agreements range from four to seven
years, and all aircraft are expected to be in service by June 1, 2004.

“With the successful transformation of America West into a full-service,
low-fare carrier, and with increasing consumer demand for our service, we
believe we are in the right position to grow,” said Doug Parker, chairman
and chief executive officer. “This is great news for customers who will
have more opportunities to take advantage of America West`s competitive
fares and outstanding service. It is also great news for the America West
team as we have already begun hiring in every labor group and expect to
hire more than 1,000 new employees in 2004.”

Founded in 1983 and proudly celebrating its 20-year anniversary in 2003,
America West Airlines is the nation`s second largest low-fare airline and
the only carrier formed since deregulation to achieve major airline
status. America West`s 13,000 employees serve nearly 55,000 customers a
day in 93 destinations in the U.S., Canada, Mexico and Costa Rica. America West Airlines editorial, based on news release distributed by PR Newswire.


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