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CCAIR ANNOUNCES STOCK OFFERING

 CHARLOTTE, N.C., July 13 /PRNewswire/ -- CCAIR, Inc. (NASDAQ-NMS: CCAR), an independent airline providing service as USAir Express in the southeast United States, announced today the filing of a registration statement for the issuance of up to 300,000 shares of Common Stock in exchange for various debt obligations. The primary purpose of the exchange offer is early retirement of much of the long term debt issued in connection with the company's reorganization plan and the elimination of related imputed interest and cash funding requirements.
 -0- 7/13/93
 /CONTACT: Virginia Bennett of CCAIR, Inc., 704-359-8990/
 (CCAR)


CO: CCAIR, Inc. ST: North Carolina IN: AIR SU: OFR

MM -- CH012 -- 1025 07/13/93 16:19 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:116
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