From the USAir Website ( www.usair.com )
US Airways has announced a proposal to merge with Delta Air Lines. The transaction is valued at approximately $8.0 billion in cash and stock. The combination of US Airways and Delta would create one of the world’s largest airlines. As a combined company, the “New” Delta would be the number one airline across the Atlantic to Europe and the second largest airline to the Caribbean. The New Delta would reach more than 350 destinations across five continents, including North and South America, Europe, Asia and Africa.