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America West Reveals Stockholder Vote

America West Holdings Corporation, parent company of low-fare carrier America West Airlines, Inc., today announced results of its special meeting of stockholders to vote on the proposed merger agreement with US Airways. Stockholders holding voting rights of Class B America West stock voted in favor of the merger with the breakout as follows: 85.2 percent voted for the merger, 4.4 percent voted against and 10.4 percent abstained. Stockholders holding voting rights of Class A America West stock voted in favor of the merger, with 100 percent voting for the merger. The result is the merger agreement has received America West stockholder approval with 95.5 percent of total voting shares in favor of the merger. America West Chairman, President and CEO Doug Parker said, “Today’s results reflect overwhelming support for our proposed merger with US Airways, which will create a stronger airline that offers improved job stability for our employees, expanded service for our customers and a more long-term, viable investment for our stockholders. With US Airways final bankruptcy court hearing scheduled for later this week, we anticipate closing our merger with US Airways at the end of September as previously scheduled.”

The US Airways and America West merger will create the first full-service, low-cost nationwide airline, with a pricing structure offering a network of low-fare service to over 200 cities across the U.S., Canada, Mexico, Latin America, the Caribbean and Europe, and amenities that include an extensive frequent flyer program, airport clubs, assigned seating and First Class cabin service. The airlines will operate under the US Airways brand and will be headquartered in Tempe, Ariz. The merger is expected to close in late September. (AWAG)