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USAIR GROUP PROPOSES SALE OF 10,000,000 SHARES OF COMMON STOCK

 ARLINGTON, Va., April 15 /PRNewswire/ -- USAir Group, Inc. (NYSE: U), announced today a public offering of 10 million shares of its Common Stock (11.5 million shares including the underwriters' over- allotment option) by a group of underwriters managed by The First Boston Corporation, Lehman Brothers, Morgan Stanley & Co. Incorporated and Salomon Brothers, Inc.
 Pursuant to the Investment Agreement, dated Jan. 21, 1993, between the company and British Airways Plc, British Airways has certain pre- emptive rights to purchase shares of preferred stock convertible into shares of USAir Group Common Stock, as more particularly set forth in the Investment Agreement. British Airways has not advised the company of its decision as to whether, or to what extent, it will exercise these rights.
 USAir Group is a holding company whose principal operating subsidiary, USAir, Inc., is one of eight passenger carriers classified as "major" airlines by the U.S. Department of Transportation.
 USAir Group common stock is traded on the New York Stock Exchange under the symbol "U". Application will be made to list the additional shares issuable pursuant to the offering on the NYSE.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 4/15/93
 /CONTACT: USAir Corporate Communications, 703-418-5100/
 (U)


CO: USAir Group; USAir Inc. ST: Virginia IN: AIR SU: OFR

MH-DS -- DC012 -- 6072 04/15/93 09:33 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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