US Airways in Public Offerings of Convertible Notes and Common Stock

Cleary Gottlieb represented Citi and Morgan Stanley as the underwriter of concurrent registered public offerings of US Airways Group, Inc.’s convertible notes and common stock. US Airways sold $172,500,000 aggregate principal amount of its 7.25% senior convertible notes due 2014 and 17,480,000 million shares of its common stock in the offerings. The offerings (including full exercise of the related over-allotment options) closed simultaneously on May 13.

US Airways is the fifth largest domestic airline, operating approximately 3,100 flights per day and serving more than 200 communities in the U.S., Canada, Europe, the Caribbean and Latin America.