US Airways Finalizes Two-Year Extension of Current Lease Agreement

PHILADELPHIA, Jun 21, 2011 (BUSINESS WIRE) — A committee of airlines, led by US Airways LCC +1.28% has finalized arrangements with the City of Philadelphia Division of Aviation on a two-year extension of the current Airport-Airline Use and Lease Agreement. This two-year extension will provide time for the airport and the airlines to continue in-depth discussions on the airport’s proposed Capacity Enhancement Program and to discuss terms for a longer term Use and Lease agreement.