Re: One of these long time airlines will no longer exist. Which o ne?

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Correct me if I an wrong ,  but;
At one time there was an airline named  "Piedmont Airlines" that flew into
and out of Greenville South Carolina in the 50s.  Is this the SAME airline?
I had been told that it folded and "flew" away in the 60s.  so where am I
wrong?  Thanks in advance  for the corrected answer to be coming to this
computer !   Bob

BOB FLETCHER
US ARMY CORPS OF ENGINEERS
Military Design Section, 10th Floor S.W.
SACRAMENTO DISTRICT,  SACRAMENTO, CALIFORNIA, 95814-2922
 PH. (916) 557-7235


-----Original Message-----
From: lafrance@xxxxxxxxxxx [mailto:lafrance@xxxxxxxxxxx]
Sent: Wednesday, January 14, 2004 2:40 PM
To: AIRLINE@xxxxxxxxxxxxxxxxx
Subject: One of these long time airlines will no longer exist. Which
one?


One of these long time airlines will no longer exist. Which one?

US Airways to consolidate Allegheny, Piedmont  =

 =

 =

  =


Wednesday January 14, 1:45 PM EST =


(Updates with expired lease agreements for aircraft, updates stock price)=


By John Crawley

WASHINGTON, Jan 14 (Reuters) - Struggling US Airways Group Inc. (UAIR) sa=
id on Wednesday it would consolidate two of its regional carriers in a mo=
ve to use aircraft more efficiently and save money.

The No. 7 airline said some jobs would be lost in the consolidation by th=
e end of March of Allegheny Airlines and Piedmont Airlines, both wholly o=
wned subsidiaries in the US Airways Express network. Spokesman David Cast=
elveter said US Airways has yet to determine the extent of the job losses=
=2E

US Airways, trying to preserve cash and reduce costs after emerging from =
bankruptcy protection last March, is also mulling whether to sell assets =
like its East Coast shuttle to stay viable in the face of mounting compet=
ition from low-cost carriers.

 =


"We have an ongoing review of every aspect of our business to find ways t=
o operate more efficiently and compete more effectively, and the consolid=
ation of these two carriers will optimize the assets of both companies," =
said Bruce Ashby, president of US Airways Express.

"Turboprop aircraft will still have a role in our network, but it is inef=
ficient to have two wholly owned Dash-8 (aircraft) operators with duplica=
tive overhead functions for a shrinking part of the company," Ashby said.=


Allegheny, based in Harrisburg, Pennsylvania, employs 1,400 people while =
Piedmont, operating out of Salisbury, Maryland, has nearly 2,100 workers.=


Castelveter said the move to consolidate the two companies had been consi=
dered for some time and is based more on plans to phase out its turboprop=
 fleet rather than on mounting financial pressures, which included a debt=
 ratings downgrade last week.

The airline said that some of Allegheny's aircraft lease agreements are e=
xpiring and are not being renewed.

Under the transaction, Piedmont will operate the entire de Havilland Dash=
-8 turboprop fleet. The two carriers each currently operate 41 of these a=
ircraft, but US Airways plans to phase them out to make room for more reg=
ional jets.

Allegheny serves 30 cities and Piedmont 45. Some of these locations overl=
ap.

US Airways Express now includes nine carriers operating more than 2,000 f=
lights daily. After the Allegheny-Piedmont consolidation, PSA Airlines an=
d Piedmont will be the two wholly owned US Airways subsidiaries in the Ex=
press family.

US Airways was off 20 cents, or 3.77 percent, at $5.10 a share on the Nas=
daq in afternoon trading. =



=A92003 Reuters Limited. =


Roger
EWROPS

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