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USAIR REACHES AGREEMENT IN PRINCIPLE TO MANAGE SHUTTLE

 USAIR REACHES AGREEMENT IN PRINCIPLE TO MANAGE SHUTTLE
 ARLINGTON, Va., Dec. 19 /PRNewswire/ -- USAir has reached an agreement in principle with the Trump Shuttle creditors, to manage and operate an hourly Washington-New York-Boston shuttle for a period of up to 10 years.
 The transaction is subject to final bank group approval by the Trump Shuttle creditors. USAir will change the name of the operation to "The USAir Shuttle."
 Under the agreement in principle, USAir also would have an option to buy the shuttle operation at the end of five years.
 "We expect that a definitive management agreement will be reached shortly after the first of the year," said Seth E. Schofield, USAir president and CEO. "After this definitive agreement is completed, we will publicly discuss our plans for operation of 'The USAir Shuttle'."
 No further details will be provided by USAir until a final agreement is reached.
 -0- 12/19/91
 /CONTACT: USAir, Corporate Communications, 703-418-5100, or 213-417-1294, Western Region/
 (U) CO: USAir; USAir Group; Trump Shuttle ST: Virginia, District of Columbia, New York, Massachusetts IN: AIR SU:


MK -- DC017 -- 3884 12/19/91 12:07 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:187
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