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STATESWEST AIRLINES INC. FILES FOR CHAPTER 11 BANKRUPTCY PROTECTION

 PHOENIX, Dec. 16 /PRNewswire/ -- StatesWest Airlines Inc. announced it has filed for protection under Chapter 11 of the bankruptcy laws, which will allow the airline time to reorganize.
 Rudy R. Miller, chairman, president and chief executive officer, stated, "The Chapter 11 filing was made to allow the airline sufficient time to restructure its debt and to preserve the company's asset value for shareholders and creditors. We are pleased that the airline's two principal lenders have been cooperative with this filing."
 Miller concluded, "It is important to note that our customers will see no change in service and the company's plan is to continue as an operating airline. The filing of the Chapter 11 does not mean we are going out of business."
 StatesWest presently operates under code-share agreements with both USAir and Northwest Airlines feeding flights for the total travel network for USAir, and flights to the Pacific Rim system for Northwest Airlines. Traffic flows through the hub cities of Los Angeles and San Francisco. The airline operates approximately 4,000 monthly departures serving passengers in 13 western cities.
 -0- 12/16/92
 /CONTACT: Rudy R. Miller, chairman, president and CEO, or Mary A. Nance, of StatesWest Airlines, 602-225-0504/


CO: StatesWest Airlines Inc. ST: Arizona IN: AIR SU: BCY

JB-KJ -- LA015 -- 7514 12/16/92 07:01 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:218
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