Printer Friendly

STATESWEST AIRLINES ANNOUNCED TEMPORARY REDUCTION OF CLASS B WARRANT EXERCISE PRICE

 STATESWEST AIRLINES ANNOUNCED TEMPORARY REDUCTION
 OF CLASS B WARRANT EXERCISE PRICE
 PHOENIX, March 2 /PRNewswire/ -- StatesWest Airlines Inc. (NASDAQ: SWAL, SWALP) announced today that the exercise price of its Class B Warrants has been reduced to $.65 from $.75 until March 27, 1992. Thereafter, the exercise price of the Class B Warrants will return to $.75 unless such period is extended by the company. The temporary exercise price reduction is intended to encourage early exercise by Class B Warrant holders as part of the company's previously announced program to improve its working capital and equity positions. The Class B Warrants are redeemable at $.02 per Warrants, by 30 days' notice given within 15 days after the company's common stock has traded at $.90 or more for 30 consecutive trading days. The company intends to redeem any unexercised Class B Warrants as soon as possible after such conditions have been satisfied.
 StatesWest, operating under a code-share agreement with both USAir and Northwest Airlines, has one of the most fuel efficient fleets of prop-jet aircraft in the United States. The airline operates over 4,000 monthly departures serving passengers in 14 cities in California, Arizona and Nevada.
 -0- 3/2/29
 /CONTACT: Rudy R. Miller or Mary A. Nance of StatesWest Airlines, 602-225-0504/
 (SWAL SWALP) CO: StatesWest Airlines ST: Arizona IN: AIR SU:


DM-CH -- SD005 -- 4055 03/02/92 14:24 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 2, 1992
Words:230
Previous Article:KEMPER GROWTH FUND SURPASSES BILLION-DOLLAR MARK
Next Article:IN-HOME HIV TEST INTRODUCED BY HEALTH TEST INC.; A LOW COST, CONFIDENTIAL PROCEDURE; COUNSELING OFFERED
Topics:


Related Articles
STATESWEST AIRLINES ANNOUNCES QUARTERLY PREFERRED DIVIDEND PAYMENT
STATESWEST AIRLINES ANNOUNCES CHANGE IN PREFERRED STOCK DIVIDEND PAYMENT DATE
STATESWEST ANNOUNCES CONVERSION OF $1,245,000 OF SUBORDINATED DEBT TO EQUITY
STATESWEST ANNOUNCES REDUCTION OF 1987 WARRANTS
STATESWEST AIRLINES ANNOUNCES STOCK DIVIDEND PAYMENT FOR JUNE QUARTER
CONQUEST AIRLINES REVISES TERMS OF PUBLIC OFFERING OF 4,629,630 UNITS, WARRANTS ARE NOW IMMEDIATELY EXERCISABLE
CONQUEST TO REDEEM WARRANTS
CONQUEST AIRLINES RECEIVES APPROXIMATELY $6.2 MLN FROM EXERCISE OF CLASS B WARRANTS; COMMENCES NON-STOP SERVICE FROM HOUSTON'S SUGAR LAND AIRPORT
Continental Announces Purchase of Warrants From Air Partners
Continental Airlines Announces Warrant Exercise

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters