US Airways, which merged with America West Airlines last week, said it reached agreement with the Air Transportation Stabilization Board to repurchase approximately 7.7 million warrants that have an exercise price of $7.27 per share. The warrants originally were created in conjunction with America West's $439 million ATSB-guaranteed loan in 2002 and reissued to ATSB in connection with the merger of America West and US Airways. The total purchase price will be around $115.8 million.

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