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AMERICA WEST FUNDING NEAR

 AMERICA WEST FUNDING NEAR
 PHOENIX, Sept. 16 /PRNewswire/ -- America West Airlines


(NASDAQ: AWAQC) announced today that funding of the $53 million expansion of its existing debtor-in-possession lending facility is imminent. The press and public have closely monitored America West's progress in negotiating its new bridge financing and the lengthy process of closing the loan has been the subject of some concern and speculation.
 "I know that many people, including America West's more than 10,000 employees have been sitting on the edge of their chairs for about a week since we received court approval of the financing," said Martin J. Whalen, general counsel for America West. "Everyone involved in the closing apologizes for the length of the process. However, this financing will close pursuant to more than 2,000 pages of credit agreements, exhibits and related agreements. There are nearly 20 signatory parties from three continents and everyone is working diligently to bring the process to a successful conclusion."
 Whalen said that the airline would be making a major announcement as soon as the financing closes. The announcement will include the introduction of America West's reconstituted board of directors.
 -0- 9/16/92
 /CONTACT: Daphne Dicino, senior director of corporate communications of America West Airlines, 602-693-5729/
 (AWAQC) CO: America West Airlines ST: Arizona IN: AIR SU:


BP-JL -- LA032 -- 0365 09/16/92 18:13 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
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