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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): October 23, 2008 (October 20, 2008)</B>


<P style="font-size: 24pt" align="center"><B>US AIRWAYS GROUP,
INC.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-8444</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>54-1194634</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>111 West Rio Salado
Parkway<BR>
Tempe, Arizona <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>85281</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(480) 693-0800</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>

<P style="font-size: 24pt" align="center"><B>US AIRWAYS, INC.
<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-8442</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>53-0218143</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>111 West Rio Salado
Parkway<BR>
Tempe, Arizona <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>85281</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(480) 693-0800</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>

<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<P style="font-size: 10pt" align="left"><B>Item&nbsp;1.01. Entry into a
Material Definitive Agreement.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">On October&nbsp;20,
2008, US Airways Group, Inc. (&#8220;US Airways Group&#8221;) entered into an
amendment (the &#8220;Loan Agreement Amendment&#8221;) to the Loan Agreement
dated as of March&nbsp;23, 2007, as amended (the &#8220;Loan Agreement&#8221;),
among US Airways Group, certain of its subsidiaries signatory thereto, and
Citicorp North America, Inc., as administrative agent and collateral agent for
the lenders thereunder. Pursuant to the Loan Agreement Amendment, US Airways
Group repaid $400 million of indebtedness under the Loan Agreement reducing the
principal amount outstanding thereunder to approximately $1.184&nbsp;billion.
The Loan Agreement Amendment also provides for a reduction in the amount of
unrestricted cash required to be held by US Airways Group from
$1.25&nbsp;billion to $850&nbsp;million, and US Airways Group may, prior to
September&nbsp;30, 2009, further reduce that minimum requirement to
$750&nbsp;million if it repays up to $100&nbsp;million amount of indebtedness
under the Loan Agreement. The Loan Agreement Amendment also provides that US
Airways Group may sell, finance or otherwise pledge assets that were pledged as
collateral under the Loan Agreement, so long as it prepays the indebtedness
under the Loan Agreement in an amount equal to 75% of the appraised value of
the collateral sold or assigned or 75% of the collateral value of eligible
accounts determined in accordance with the Loan Agreement sold or financed in
such transaction. In addition, the Loan Agreement Amendment provides that US
Airways Group may issue debt in the future with a silent second lien on the
assets pledged as collateral under the Loan Agreement.

<P style="font-size: 10pt; text-indent: 4%" align="left">US Airways Group also
entered into Amendment No.&nbsp;6 to the America West Co-Branded Card Agreement
(the &#8220;Co-Branded Card Amendment&#8221;), effective as of October&nbsp;20,
2008, with Barclays Bank Delaware (&#8220;Barclays&#8221;). The Co-Branded Card
Amendment provides for, among other things, the pre-purchase of frequent flyer
miles in an amount totaling $200 million. The Co-Branded Card Amendment
provides that so long as any pre-purchased miles are outstanding, US Airways
Group will pay interest to Barclays on the outstanding dollar amount of the
pre-purchased miles at the rate of LIBOR plus a margin.

<P style="font-size: 10pt; text-indent: 4%" align="left">The Co-Branded Card
Amendment provides that Barclays shall compensate US Airways Group for fees
earned using pre-purchased miles. In addition, the Co-Branded Card Amendment
provides that for each month that certain conditions are met, Barclays shall
pre-purchase additional miles (each a &#8220;Subsequent Purchase&#8221;) on a
monthly basis in an amount equal to the difference between $200&nbsp;million
(the &#8220;Cap&#8221;) and the amount of unused miles then outstanding. Prior
to the second anniversary of the date of the Co-Branded Card Amendment (the
&#8220;Reduction Commencement Date&#8221;) the Cap may be reduced if certain
conditions are not met. Commencing on the Reduction Commencement Date, the Cap
shall be reduced over a period of approximately two years until such time as no
pre-purchased miles remain; <U>provided</U>, that the time of reduction of the
Cap may be accelerated if certain conditions are not met.

<P style="font-size: 10pt; text-indent: 4%" align="left">US Airways Group may
repurchase any or all of the pre-purchased miles at any time, from time to
time, without penalty.

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the
Co-Branded Card Amendment, the expiration date of the Co-Branded Card Agreement
was extended to 2017.

<P style="font-size: 10pt; text-indent: 4%" align="left">On October&nbsp;20,
2008 US Airways, Inc. (&#8220;US Airways&#8221;) entered into (i)&nbsp;a
$270&nbsp;million Loan Agreement [Spare Parts] (the &#8220;Spare Parts Loan
Agreement&#8221;) with the lenders from time to time party thereto and General
Electric Capital Corporation, as administrative agent and collateral agent, and
(ii)&nbsp;a $85.171&nbsp;million Loan Agreement [Engines] (the &#8220;Engines
Loan Agreement&#8221; and together with the
Spare Parts Loan Agreement, the &#8220;New Loan Agreements&#8221;) with the
lenders from time to time party thereto and such administrative agent and
collateral agent. The proceeds of the term loans made under the New Loan
Agreements were used to repay a portion of the outstanding indebtedness under
the Loan Agreement pursuant to the Loan Agreement Amendment.

<P style="font-size: 10pt; text-indent: 4%" align="center">&nbsp;

<P style="font-size: 10pt" align="center">2

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt; text-indent: 4%" align="left">US Airways&#8217;
obligations under the Spare Parts Loan Agreement are secured by a first
priority security interest in substantially all of US Airways&#8217; rotable,
repairable and expendable parts (collectively, the &#8220;Spare Parts
Collateral&#8221;). The obligations under the Engines Loan Agreement are
secured by a first priority security interest in 36 of US Airways&#8217;
aircraft engines (the &#8220;Engines Collateral&#8221;). US Airways has also
agreed that other obligations owed by it or its affiliates to the
administrative agent or its affiliates (including the loans under the New Loan
Agreements held by such administrative agent or its affiliates) shall be
secured on a second priority basis by the Spare Parts Collateral, the Engines
Collateral and certain other engines and aircraft.

<P style="font-size: 10pt; text-indent: 4%" align="left">The term loans under
the New Loan Agreements will bear interest at a rate equal to LIBOR plus a
margin per annum, subject to adjustment in certain circumstances.

<P style="font-size: 10pt; text-indent: 4%" align="left">The Spare Parts Loan
Agreement contains customary representations and warranties, events of default
and covenants for aircraft spare parts financings of this nature. Such
covenants include obligations to maintain compliance with covenants tied to the
appraised value of US Airways&#8217; spare parts. The Engines Loan Agreement
contains customary representations and warranties, events of default and
covenants for aircraft engine financings of this nature. Such covenants include
obligations to maintain compliance with covenants tied to the appraised value
and maintenance condition of US Airways&#8217; engines.

<P style="font-size: 10pt; text-indent: 4%" align="left">The Spare Parts Loan
Agreement matures on the sixth anniversary of the closing date, and is subject
to quarterly amortization in amounts ranging from $7,500,000 to $15,000,000.
The Spare Parts Loan Agreement may not be voluntarily prepaid during the first
three years of the term; <U>provided</U> that in certain circumstances US
Airways may prepay $100,000,000 of the loans under the Spare Parts Loan
Agreement (in which case the Spare Parts Loan Agreement will mature on the
fifth anniversary of the closing date). If such $100,000,000 prepayment is
made, the lien on the Spare Parts Collateral consisting of expendables will be
released. The Spare Parts Loan Agreement may be voluntarily prepaid after the
third anniversary of the closing date. The Engines Loan Agreement, which may
not be voluntarily prepaid prior to the third anniversary of the closing date,
matures on the sixth anniversary of the closing date, and is subject to
amortization in 24 equal installments.

<P style="font-size: 10pt; text-indent: 4%" align="left">On October&nbsp;20,
2008, US Airways and Airbus S.A.S. (&#8220;Airbus&#8221;) entered into
(i)&nbsp;Amendment No.&nbsp;2 to the Amended and Restated Airbus A320 Family
Aircraft Purchase Agreement dated as of October&nbsp;2, 2007 (the &#8220;A320
Amendment&#8221;), (ii) Amendment No.&nbsp;2 to the A330 Family Aircraft
Purchase Agreement dated as of October&nbsp;2, 2007 (the &#8220;A330
Amendment&#8221;) and (iii)&nbsp;Amendment No.&nbsp;1 to the Amended and
Restated Airbus A350 XWB Purchase Agreement dated as of October&nbsp;2, 2007
(the &#8220;A350 XWB Amendment&#8221; and together with the A320 Amendment and
the A330 Amendment, the &#8220;Purchase Agreement Amendments&#8221;). In exchange for US Airways&#8217;
agreement to the amendments contained in the Purchase Agreement Amendments,
Airbus advanced to US Airways Group $200&nbsp;million earned in consideration
of aircraft deliveries under the various related purchase agreements.

<P style="font-size: 10pt; text-indent: 4%" align="center">&nbsp;

<P style="font-size: 10pt" align="center">3

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

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<P style="font-size: 10pt; text-indent: 4%" align="left">Under the terms of
each of the Purchase Agreement Amendments, US Airways has agreed to maintain a
level of unrestricted cash in the same amount required by the Loan Agreement.

<P style="font-size: 10pt; text-indent: 4%" align="left">In addition, under the
terms of the A350 Amendment, deliveries of the 22 firm order A350 XWB aircraft
will begin in 2015, rather than 2014, and will extend through 2018.

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;2.03.</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>Creation of a Direct Financial Obligation or an Obligation under and
Off-Balance Sheet Arrangement of a Registrant.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 4%" align="left">The information set
forth in Item&nbsp;1.01 above is incorporated by reference herein.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;8.01. Other Events.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">On October&nbsp;23,
2008 US Airways Group announced that as part of a comprehensive liquidity
program launched in mid August, US Airways Group has raised approximately
$950&nbsp;million of financing and near-term liquidity commitments from several
of its strategic business partners, including the transactions contemplated by
the Co-Branded Card Amendment, the New Loan Agreements and the Purchase
Agreement Amendments. US Airways announced that on October&nbsp;20, 2008 it
closed on $800&nbsp;million of these transactions, including the Co-Branded
Card Amendment, the New Loan Agreements and the Purchase Agreement Amendments,
with $400&nbsp;million of proceeds used to prepay a portion of the principal
amount outstanding under the Loan Agreement in accordance with the Loan
Agreement Amendment. In exchange for this prepayment, the unrestricted cash
covenant contained in the Loan Agreement has been reduced from
$1.25&nbsp;billion to $850&nbsp;million. The Loan Agreement&#8217;s term
remains the same at seven years with substantially all of the principal amount
payable at maturity in March of 2014. The remaining proceeds from these
financing transactions, approximately $370&nbsp;million after payment of
certain bank and other service fees, increase US Airways Group&#8217;s total
cash position and will be used for general corporate purposes. The remaining
$150&nbsp;million of liquidity commitments are expected to close during the
fourth quarter, with cash benefits realized through 2009.

<P style="font-size: 10pt; text-indent: 4%" align="left">A copy of the press
release is filed as Exhibit&nbsp;99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01. Financial Statements
and Exhibits.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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  <TD width="92%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap
align="center"><B>(d)</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="left"
colspan="3"><B>Exhibits.</B></TD>
</TABLE>
</DIV>

<DIV align="center">
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border="0">
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  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="90%">&nbsp;</TD>
 </TR>

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 <TR valign="bottom">
  <TD valign="top" align="left" colspan="3"><B>Exhibit<BR>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B><BR>Description</B></TD>
 </TR>
 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top" align="left"
colspan="3">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release, dated October&nbsp;23, 2008</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">4

<P style="display: none; font-size: 10pt" align="center">4
</DIV>

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<DIV
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, US Airways
Group, Inc. has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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  <TD width="50%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="43%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="left"
colspan="3"><B>US Airways Group, Inc.</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px"><BR>Dated: October&nbsp;23, 2008
</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>By: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>/s/ Derek J.
Kerr</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Derek J. Kerr</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Senior Vice President and<br>Chief Financial
Officer</TD>
 </TR>
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</TABLE>
</DIV>

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, US Airways, Inc. has duly caused
this report to be signed on its behalf by the undersigned hereunto duly
authorized.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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  <TD width="50%">&nbsp;</TD>
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  <TD width="1%">&nbsp;</TD>
  <TD width="43%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="left"
colspan="3"><B>US Airways, Inc.</B></TD>
 </TR>
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  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px"><BR>Dated: October&nbsp;23, 2008
</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>By: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>/s/ Derek J.
Kerr</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
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  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Derek J. Kerr</TD>
 </TR>
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<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Senior Vice President and<br>Chief Financial
Officer</TD>
 </TR>
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</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">5

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<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01. Financial Statements
and Exhibits.</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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  <TD width="92%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap
align="center"><B>(d)</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="left"
colspan="3"><B>Exhibits.</B></TD>
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<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top" align="left" colspan="3"><B>Exhibit<BR>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B><BR>Description</B></TD>
 </TR>
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colspan="3">&nbsp;</TD>
  <TD>&nbsp;</TD>
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align="left">&nbsp;</TD>
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<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release, dated October&nbsp;23, 2008</TD>
 </TR>
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<P style="font-size: 10pt" align="center">6

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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): October 23, 2008 (October 20, 2008)
US AIRWAYS GROUP,
INC.
(Exact name of registrant as
specified in its charter)
Delaware
1-8444
54-1194634
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
111 West Rio Salado
Parkway
Tempe, Arizona
85281
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(480) 693-0800
(Former name or former address if changed since last report.)
US AIRWAYS, INC.
(Exact name of registrant as
specified in its charter)
Delaware
1-8442
53-0218143
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
111 West Rio Salado
Parkway
Tempe, Arizona
85281
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(480) 693-0800
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a
Material Definitive Agreement.
On October 20,
2008, US Airways Group, Inc. ("US Airways Group") entered into an
amendment (the "Loan Agreement Amendment") to the Loan Agreement
dated as of March 23, 2007, as amended (the "Loan Agreement"),
among US Airways Group, certain of its subsidiaries signatory thereto, and
Citicorp North America, Inc., as administrative agent and collateral agent for
the lenders thereunder. Pursuant to the Loan Agreement Amendment, US Airways
Group repaid $400 million of indebtedness under the Loan Agreement reducing the
principal amount outstanding thereunder to approximately $1.184 billion.
The Loan Agreement Amendment also provides for a reduction in the amount of
unrestricted cash required to be held by US Airways Group from
$1.25 billion to $850 million, and US Airways Group may, prior to
September 30, 2009, further reduce that minimum requirement to
$750 million if it repays up to $100 million amount of indebtedness
under the Loan Agreement. The Loan Agreement Amendment also provides that US
Airways Group may sell, finance or otherwise pledge assets that were pledged as
collateral under the Loan Agreement, so long as it prepays the indebtedness
under the Loan Agreement in an amount equal to 75% of the appraised value of
the collateral sold or assigned or 75% of the collateral value of eligible
accounts determined in accordance with the Loan Agreement sold or financed in
such transaction. In addition, the Loan Agreement Amendment provides that US
Airways Group may issue debt in the future with a silent second lien on the
assets pledged as collateral under the Loan Agreement.
US Airways Group also
entered into Amendment No. 6 to the America West Co-Branded Card Agreement
(the "Co-Branded Card Amendment"), effective as of October 20,
2008, with Barclays Bank Delaware ("Barclays"). The Co-Branded Card
Amendment provides for, among other things, the pre-purchase of frequent flyer
miles in an amount totaling $200 million. The Co-Branded Card Amendment
provides that so long as any pre-purchased miles are outstanding, US Airways
Group will pay interest to Barclays on the outstanding dollar amount of the
pre-purchased miles at the rate of LIBOR plus a margin.
The Co-Branded Card
Amendment provides that Barclays shall compensate US Airways Group for fees
earned using pre-purchased miles. In addition, the Co-Branded Card Amendment
provides that for each month that certain conditions are met, Barclays shall
pre-purchase additional miles (each a "Subsequent Purchase") on a
monthly basis in an amount equal to the difference between $200 million
(the "Cap") and the amount of unused miles then outstanding. Prior
to the second anniversary of the date of the Co-Branded Card Amendment (the
"Reduction Commencement Date") the Cap may be reduced if certain
conditions are not met. Commencing on the Reduction Commencement Date, the Cap
shall be reduced over a period of approximately two years until such time as no
pre-purchased miles remain;
provided
, that the time of reduction of the
Cap may be accelerated if certain conditions are not met.
US Airways Group may
repurchase any or all of the pre-purchased miles at any time, from time to
time, without penalty.
Pursuant to the
Co-Branded Card Amendment, the expiration date of the Co-Branded Card Agreement
was extended to 2017.
On October 20,
2008 US Airways, Inc. ("US Airways") entered into (i) a
$270 million Loan Agreement [Spare Parts] (the "Spare Parts Loan
Agreement") with the lenders from time to time party thereto and General
Electric Capital Corporation, as administrative agent and collateral agent, and
(ii) a $85.171 million Loan Agreement [Engines] (the "Engines
Loan Agreement" and together with the
Spare Parts Loan Agreement, the "New Loan Agreements") with the
lenders from time to time party thereto and such administrative agent and
collateral agent. The proceeds of the term loans made under the New Loan
Agreements were used to repay a portion of the outstanding indebtedness under
the Loan Agreement pursuant to the Loan Agreement Amendment.
2
US Airways'
obligations under the Spare Parts Loan Agreement are secured by a first
priority security interest in substantially all of US Airways' rotable,
repairable and expendable parts (collectively, the "Spare Parts
Collateral"). The obligations under the Engines Loan Agreement are
secured by a first priority security interest in 36 of US Airways'
aircraft engines (the "Engines Collateral"). US Airways has also
agreed that other obligations owed by it or its affiliates to the
administrative agent or its affiliates (including the loans under the New Loan
Agreements held by such administrative agent or its affiliates) shall be
secured on a second priority basis by the Spare Parts Collateral, the Engines
Collateral and certain other engines and aircraft.
The term loans under
the New Loan Agreements will bear interest at a rate equal to LIBOR plus a
margin per annum, subject to adjustment in certain circumstances.
The Spare Parts Loan
Agreement contains customary representations and warranties, events of default
and covenants for aircraft spare parts financings of this nature. Such
covenants include obligations to maintain compliance with covenants tied to the
appraised value of US Airways' spare parts. The Engines Loan Agreement
contains customary representations and warranties, events of default and
covenants for aircraft engine financings of this nature. Such covenants include
obligations to maintain compliance with covenants tied to the appraised value
and maintenance condition of US Airways' engines.
The Spare Parts Loan
Agreement matures on the sixth anniversary of the closing date, and is subject
to quarterly amortization in amounts ranging from $7,500,000 to $15,000,000.
The Spare Parts Loan Agreement may not be voluntarily prepaid during the first
three years of the term;
provided
that in certain circumstances US
Airways may prepay $100,000,000 of the loans under the Spare Parts Loan
Agreement (in which case the Spare Parts Loan Agreement will mature on the
fifth anniversary of the closing date). If such $100,000,000 prepayment is
made, the lien on the Spare Parts Collateral consisting of expendables will be
released. The Spare Parts Loan Agreement may be voluntarily prepaid after the
third anniversary of the closing date. The Engines Loan Agreement, which may
not be voluntarily prepaid prior to the third anniversary of the closing date,
matures on the sixth anniversary of the closing date, and is subject to
amortization in 24 equal installments.
On October 20,
2008, US Airways and Airbus S.A.S. ("Airbus") entered into
(i) Amendment No. 2 to the Amended and Restated Airbus A320 Family
Aircraft Purchase Agreement dated as of October 2, 2007 (the "A320
Amendment"), (ii) Amendment No. 2 to the A330 Family Aircraft
Purchase Agreement dated as of October 2, 2007 (the "A330
Amendment") and (iii) Amendment No. 1 to the Amended and
Restated Airbus A350 XWB Purchase Agreement dated as of October 2, 2007
(the "A350 XWB Amendment" and together with the A320 Amendment and
the A330 Amendment, the "Purchase Agreement Amendments"). In exchange for US Airways'
agreement to the amendments contained in the Purchase Agreement Amendments,
Airbus advanced to US Airways Group $200 million earned in consideration
of aircraft deliveries under the various related purchase agreements.
3
Under the terms of
each of the Purchase Agreement Amendments, US Airways has agreed to maintain a
level of unrestricted cash in the same amount required by the Loan Agreement.
In addition, under the
terms of the A350 Amendment, deliveries of the 22 firm order A350 XWB aircraft
will begin in 2015, rather than 2014, and will extend through 2018.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under and
Off-Balance Sheet Arrangement of a Registrant.
The information set
forth in Item 1.01 above is incorporated by reference herein.
Item 8.01. Other Events.
On October 23,
2008 US Airways Group announced that as part of a comprehensive liquidity
program launched in mid August, US Airways Group has raised approximately
$950 million of financing and near-term liquidity commitments from several
of its strategic business partners, including the transactions contemplated by
the Co-Branded Card Amendment, the New Loan Agreements and the Purchase
Agreement Amendments. US Airways announced that on October 20, 2008 it
closed on $800 million of these transactions, including the Co-Branded
Card Amendment, the New Loan Agreements and the Purchase Agreement Amendments,
with $400 million of proceeds used to prepay a portion of the principal
amount outstanding under the Loan Agreement in accordance with the Loan
Agreement Amendment. In exchange for this prepayment, the unrestricted cash
covenant contained in the Loan Agreement has been reduced from
$1.25 billion to $850 million. The Loan Agreement's term
remains the same at seven years with substantially all of the principal amount
payable at maturity in March of 2014. The remaining proceeds from these
financing transactions, approximately $370 million after payment of
certain bank and other service fees, increase US Airways Group's total
cash position and will be used for general corporate purposes. The remaining
$150 million of liquidity commitments are expected to close during the
fourth quarter, with cash benefits realized through 2009.
A copy of the press
release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 9.01. Financial Statements
and Exhibits.
(d)
Exhibits.
Exhibit
Number
Description
99.1
Press Release, dated October 23, 2008
4
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, US Airways
Group, Inc. has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
US Airways Group, Inc.
Dated: October 23, 2008
By:
/s/ Derek J.
Kerr
Derek J. Kerr
Senior Vice President and
Chief Financial
Officer
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, US Airways, Inc. has duly caused
this report to be signed on its behalf by the undersigned hereunto duly
authorized.
US Airways, Inc.
Dated: October 23, 2008
By:
/s/ Derek J.
Kerr
Derek J. Kerr
Senior Vice President and
Chief Financial
Officer
5
EXHIBIT INDEX
Item 9.01. Financial Statements
and Exhibits.
(d)
Exhibits.
Exhibit
Number
Description
99.1
Press Release, dated October 23, 2008
6