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USAIR RECEIVES APPROVAL TO PURCHASE CONTINENTAL AIRLINES ASSETS AT NEW YORK LAGUARDIA AND WASHINGTON NATIONAL AIRPORTS

USAIR RECEIVES APPROVAL TO PURCHASE CONTINENTAL AIRLINES ASSETS AT
 NEW YORK LAGUARDIA AND WASHINGTON NATIONAL AIRPORTS
 ARLINGTON, Va., Jan. 7 /PRNewswire/ -- USAir received approval today from the U.S. Federal Bankruptcy Court to purchase Continental Airlines' 62 jet and 46 commuter take-off and landing slots at New York's LaGuardia Airport and six jet take-off and landing slots at Washington's National Airport, as well as Continental's facilities at LaGuardia for a total cost of $61 million.
 USAir announced its intention to purchase these assets last November pending court approval. USAir was awarded the assets today under the terms previously negotiated with Continental. The U.S. Department of Justice has raised no objection to the transaction.
 "This approval is a very positive step in our strategic growth program," said Seth E. Schofield, USAir president and CEO. "Expansion of our service at New York and Washington will help make us a more effective competitor as we will be able to enter new markets and improve our service in existing markets. When completed in August 1992, the new East End Passenger Terminal at LaGuardia will be the premier facility for customers at LaGuardia in terms of convenience and comfort."
 USAir anticipated starting to operate flights with the new slots as early as Feb. 1, 1992.
 -0- 1/7/92
 /CONTACT: USAir Corporate Communications, 703-418-5100, or 213-417-1294 (western region)/
 (U) CO: USAir ST: Virginia IN: AIR SU:


DC -- DC019 -- 7487 01/07/92 17:07 EST
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Publication:PR Newswire
Date:Jan 7, 1992
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