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USAIR GROUP STOCK SALE PRODUCES NET PROCEEDS OF $231 MILLION

 ARLINGTON, Va., May 4 /PRNewswire/ -- USAir Group (NYSE: U) today received net proceeds of approximately $231 million from the previously announced public underwritten offering of 11.5 million shares of common stock at a price of $20.75 per share. The underwriters for the offering exercised their over-allotment option to purchase 1.5 million of the total shares sold.
 Proceeds will be added to the working capital of USAir Group, parent company of USAir, Inc., and will be available for general corporate purposes.
 The offering was underwritten by a group of underwriters managed by The First Boston Corporation, Lehman Brothers, Morgan Stanley & Co. Incorporated and Salomon Brothers, Inc.
 In connection with the common stock offering, USAir Group will also realize another approximately $99.2 million through the previously announced decision by British Airways to purchase a new series of Series T Convertible Preferred Stock. This will enable British Airways, which earlier this year invested $300 million in USAir Group convertible preferred stock to maintain its 24.6 percent holding in USAir Group equity share capital on an undiluted basis.
 -0- 5/4/93
 /CONTACT: USAir Corporate Communications, 703-418-5100/
 (U)


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

TW-KD -- DC014 -- 4293 05/04/93 11:47 EDT
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Publication:PR Newswire
Date:May 4, 1993
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