Airline Recognized for Innovative Financing Structure for Airbus Aircraft
TEMPE, Ariz., April 24, 2012 /PRNewswire via COMTEX/ --US Airways (NYSE: LCC) has been awarded Airfinance Journal's Airline Treasury Team of the Year 2011. The airline's treasury team was awarded at Airfinance Journal's 32nd Annual New York Airfinance Conference for their efforts in completing several creative transactions to finance the acquisition of aircraft and to raise capital.
"We are pleased to be recognized by Airfinance Journal for the efforts of the US Airways treasury team and our aircraft financing transactions," said US Airways Vice President and Treasurer, Tom Weir. "Thanks to our dedicated team's innovative approach we were able to secure financing with favorable terms from diverse funding sources, each of which provides the airline with future flexibility."
US Airways was also awarded Airfinance Journal's North American Deal of the Year for 2011. The award was given for financing of four of the airline's 12 Airbus aircraft delivered last year.
About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide, operates the world's largest fleet of Airbus aircraft and is a member of the Star Alliance network, which offers its customers more than 21,000 daily flights to 1,290 airports in 189 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. Aviation Week and Overhaul & Maintenance magazine presented US Airways with the 2012 Aviation Maintenance, Repair and Overhaul (MRO) of the Year Award for demonstrating outstanding achievement and innovation in the area of technical operations. US Airways was the only airline included as one of the 50 best companies to work for in the U.S. by LATINA Style magazine's 50 Report for 2010 and 2011. The airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index for six consecutive years. The Corporate Equality index is a leading indicator of companies' attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. For more company information visit usairways.com, follow on Twitter @USAirways or at Facebook.com/USAirways. (LCCG)
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SOURCE US Airways