US Airways 2008 Annual Report Download - page 28

Table of Contents
business combinations with interested stockholders. Interested stockholders do not include stockholders, such as our equity investors at
the time of the merger, whose acquisition of US Airways Group's securities is approved by the board of directors prior to the investment
under Section 203.
Our charter documents include provisions limiting voting and ownership by foreign owners.
Our amended and restated certificate of incorporation provides that shares of capital stock may not be voted by or at the direction of
persons who are not citizens of the United States if the number of shares held by such persons would exceed 24.9% of the voting stock of
our company. In addition, any attempt to transfer equity securities to a non-U.S. citizen in excess of 49.9% of our outstanding equity
securities will be void and of no effect.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
Flight Equipment
We operated a mainline fleet of 354 aircraft at the end of 2008, down from a total of 356 mainline aircraft at the end of 2007.
During 2008, we removed 17 Boeing 737-300 aircraft and four Boeing 757-200 aircraft from our mainline operating fleet and took
delivery of 14 Embraer 190 aircraft and five Airbus A321 aircraft. We are also supported by our regional airline subsidiaries and affiliates
operating as US Airways Express either under capacity purchase or prorate agreements, which operate approximately 238 regional jets
and 74 turboprops.
In 2007, US Airways and Airbus executed definitive purchase agreements for the acquisition of 97 aircraft, including 60 single-aisle
A320 family aircraft and 37 widebody aircraft (comprised of 22 A350 XWB and 15 A330-200 aircraft). These are in addition to the 37
single-aisle A320 family aircraft from the previous Airbus purchase agreement. As described above, we took delivery of five A321
aircraft under our Amended and Restated Airbus A320 Family Aircraft Purchase Agreement in 2008.
In 2009, we expect to take delivery of 18 A321 aircraft, five A330-200 aircraft and two A320 aircraft. Between 2010 and 2012, we
expect to take delivery of 82 Airbus aircraft, consisting of 72 A320 family and 10 A330-200 aircraft under the purchase agreements.
Deliveries of the 22 A350 XWB aircraft are expected to begin in 2015.
We plan to reduce our total mainline capacity in 2009 by four to six percent compared to 2008. This will be accomplished by a
combination of lower utilization and returning certain aircraft in 2009 upon lease expiration. At December 31, 2008, we had 91 aircraft
with lease expirations prior to the end of 2011. These include lease expirations for 30 Boeing 737-300 and 14 Boeing 737-400 aircraft
that are being replaced by Airbus A320 family aircraft to be delivered under the Airbus purchase agreement discussed above. The 47
remaining lease expirations are for Boeing 757, Boeing 767, Airbus A319 and Airbus A320 aircraft.
As of December 31, 2008, our mainline operating fleet consisted of the following aircraft:
Owned/
Aircraft Type Avg. Seats Mortgaged(1) Leased(2) Total Avg. Age
A330-300 293 4 5 9 8.3
A321 183 20 13 33 6.4
A320 150 8 67 75 10.7
A319 124 3 90 93 8.2
B767-200ER 204 — 10 10 19.4
B757-200 189 3 36 39 18.7
B737-400 144 — 40 40 18.8
B737-300 131 — 30 30 21.0
ERJ 190 99 25 — 25 1.0
Total 150 63 291 354 11.8
(1) All owned aircraft are pledged as collateral for various secured financing agreements.
(2) The terms of the leases expire between 2009 and 2024.
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