STATESWEST ANNOUNCES REDUCTION OF 1987 WARRANTS
STATESWEST ANNOUNCES REDUCTION OF 1987 WARRANTS PHOENIX, March 10 /PRNewswire/ -- StatesWest Airlines Inc.
(NASDAQ: SWAL, SWALP) announced today that the exercise price of its 1987 Warrants has been reduced to $.65 from $.75 until April 8, 1992. The 1987 Warrants were due to expire March 31, 1992. The board of directors have reset the expiration date to April 8, 1992.
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- 3/10/92 /CONTACT: Rudy R. Miller or Mary A. Nance of StatesWest, 602-225-0504/ (SWAL SWALP) CO: StatesWest Airlines Inc. ST: Arizona IN: AIR ARO SU:
CH -- LA009 -- 6877 03/10/92 12:02 EST
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|Date:||Mar 10, 1992|
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