Document:

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                                                                    Exhibit 10.8

                             US AIRWAYS GROUP, INC.

                           2005 EQUITY INCENTIVE PLAN
                   STOCK APPRECIATION RIGHT AWARD GRANT NOTICE

US Airways Group, Inc. (the "COMPANY"), pursuant to its 2005 Equity Incentive
Plan (the "PLAN"), hereby grants to Participant a Stock Appreciation Right Award
covering the number of stock appreciation rights (the "STOCK APPRECIATION
RIGHTS") set forth below (the "AWARD"). This Award shall be evidenced by a Stock
Appreciation Right Award Agreement (the "AWARD AGREEMENT"). This Award is
subject to all of the terms and conditions as set forth herein and in the Award
Agreement and the Plan, each of which is attached hereto and incorporated herein
in its entirety.

Participant:                           _________________________________________

Date of Grant:                         _________________________________________

Number of Stock Appreciation Rights:   _________________________________________

Fair Market Value Per Share on
Date of Grant:                         _________________________________________

Expiration Date:                       _________________________________________

VESTING SCHEDULE: Subject to acceleration as described in Section 3 of the Award
Agreement, and provided that the Participant's Continuous Service has not
terminated prior to the applicable vesting date, the Stock Appreciation Rights
shall vest as follows:

     -    50% of the Stock Appreciation Rights shall vest on September 27, 2007;
          and

     -    25% of the Stock Appreciation Rights shall vest on each of September
          27, 2008 and 2009.

ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Participant acknowledges
receipt of, and understands and agrees to, this Grant Notice, the Award
Agreement and the Plan. Participant further acknowledges that this Grant Notice,
the Award Agreement and the Plan set forth the entire understanding between
Participant and the Company regarding the award of the Stock Appreciation Rights
and supersede all prior oral and written agreements on that subject with the
exception of (i) awards previously granted and delivered to Participant under
the Plan, and (ii) the following agreements only:

          OTHER AGREEMENTS: _________________________________________

US AIRWAYS GROUP, INC.      PARTICIPANT

By:
    ---------------------------------   ----------------------------------------
    Signature                           Signature
Title:                                  Date:
       ------------------------------         ----------------------------------
Date:
      -------------------------------

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ATTACHMENTS: Stock Appreciation Right Award Agreement and US Airways Group, Inc.
             2005 Equity Incentive Plan

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                                  ATTACHMENT I

                                 AWARD AGREEMENT

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                                  ATTACHMENT II

                US AIRWAYS GROUP, INC. 2005 EQUITY INCENTIVE PLAN

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                             US AIRWAYS GROUP, INC.
                           2005 EQUITY INCENTIVE PLAN
                    STOCK APPRECIATION RIGHT AWARD AGREEMENT

     Pursuant to the Stock Appreciation Right Award Grant Notice ("GRANT
NOTICE") and this Stock Appreciation Right Award Agreement ("AWARD AGREEMENT"),
US Airways Group, Inc. (the "COMPANY") has awarded you a Stock Appreciation
Right Award under its 2005 Equity Incentive Plan (the "PLAN") for the number of
stock appreciation rights ("STOCK APPRECIATION RIGHTS") as indicated in the
Grant Notice (collectively, the "AWARD"). Except where indicated otherwise,
defined terms not explicitly defined in this Award Agreement but defined in the
Plan shall have the same definitions as in the Plan.

     The details of your Award are as follows:

     1. NUMBER OF STOCK APPRECIATION RIGHTS. The number of Stock Appreciation
Rights subject to your Award is set forth in the Grant Notice. Such number may
be adjusted from time to time for capitalization adjustments as described in
Section 12(a) of the Plan.

     2. CALCULATION OF APPRECIATION. The amount payable upon exercise of each
vested Stock Appreciation Right shall be equal to the excess of (A) the Fair
Market Value per share of Common Stock on the date of exercise, over (B) the
Fair Market Value per share of Common Stock on the date of grant of the Stock
Appreciation Right (as indicated in the Grant Notice).

     3. VESTING. The Stock Appreciation Rights shall vest, if at all, as
provided in the vesting schedule set forth in your Grant Notice, provided,
however, that:

          (A) vesting shall cease upon the termination of your Continuous
Service; and

          (B) vesting of all Stock Appreciation Rights shall be fully
accelerated in the event that (i) your Continuous Service is terminated by the
Company without Cause (as defined in the Plan) or by reason of your death or
Disability (as defined in the Plan), (ii) you terminate your Continuous Service
for Good Reason (as defined in your Executive Change in Control and Severance
Benefits Agreement), or (iii) your Continuous Service is terminated
involuntarily with or without Cause (as defined in the Plan) within twenty-four
(24) months following a Change in Control (as defined in the Plan) of the
Company that occurs subsequent to September 27, 2005.

     4. EXERCISE. You may exercise the vested portion of your Award during its
term by delivering a Notice of Exercise (in a form designated by the Company) to
the Secretary of the Company, or to such other person as the Company may
designate, during regular business hours, together with such additional
documents as the Company may then require. The exercise date will be the
business day on which your signed Notice of Exercise is received by the Company.
If the Notice of Exercise is received after normal business hours for a given
day, then the exercise date will be considered to be the following business day.

     5. TERM. You may not exercise your Award before the commencement or after
the expiration of its term. The term of your Award commences on the Date of
Grant and expires upon the earliest of the following:

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          (A) immediately upon the termination of your Continuous Service for
Cause (as defined in the Plan);

          (B) three (3) months after the termination of your Continuous Service
for any reason (other than for Cause or your death, Disability or Retirement),
provided that if during any part of such three (3) month period you may not
exercise your Award solely because of the condition set forth in Section 7
relating to "Securities Law Compliance," your Award shall not expire until the
earlier of the Expiration Date or until it shall have been exercisable for an
aggregate period of three (3) months after the termination of your Continuous
Service;

          (C) three (3) years after your death if you die either during your
Continuous Service or within three (3) months after your Continuous Service
terminates for any reason other than Cause;

          (D) three (3) years after the termination of your Continuous Service
due to your Disability;

          (E) three (3) years after the termination of your Continuous Service
due to your Retirement;

          (F) the Expiration Date indicated in your Grant Notice; or

          (G) the day before the tenth (10th) anniversary of the Date of Grant.

     6. PAYMENT. Subject to Section 10, the amount payable upon exercise of the
Award shall be settled in shares of Common Stock based on the Fair Market Value
of such shares at the time of exercise.

     7. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary
contained herein, you may not exercise your Award unless either (a) the shares
of Common Stock issuable upon such exercise are then registered under the
Securities Act or (b) the Company has determined that such exercise and issuance
would be exempt from the registration requirements of the Securities Act. The
exercise of your Award also must comply with other applicable laws and
regulations governing the Award, and you may not exercise your Award if the
Company determines that such exercise would not be in material compliance with
such laws and regulations.

     8. TRANSFER RESTRICTIONS. Your Award is not transferable, except by will or
by the laws of descent and distribution, and is exercisable during your life
only by you. Notwithstanding the foregoing, by delivering written notice to the
Company, in a form satisfactory to the Company, you may designate a third party
who, in the event of your death, shall thereafter be entitled to exercise your
Award.

     9. AWARD NOT A SERVICE CONTRACT. Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create in any way
whatsoever any obligation on your part to continue in the service of the Company
or any Affiliate, or on the part of the Company or any Affiliate to continue
such service. In addition, nothing in your Award shall obligate the Company or
any Affiliate, their respective stockholders, boards of

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directors or employees to continue any relationship that you might have as an
Employee or Consultant of the Company or any Affiliate.

     10. WITHHOLDING OBLIGATIONS.

          (A) At the time you exercise your Award, in whole or in part, or at
any time thereafter as requested by the Company, you hereby authorize
withholding from payroll and any other amounts payable to you, and otherwise
agree to make adequate provision for any sums required to satisfy the federal,
state, local and foreign tax withholding obligations of the Company or an
Affiliate, if any, which arise in connection with the exercise of your Award.

          (B) Upon your request and subject to approval by the Company, in its
sole discretion, and compliance with any applicable legal conditions or
restrictions, the Company may withhold from fully vested shares of Common Stock
otherwise issuable to you upon the exercise of your Award a number of whole
shares of Common Stock having a Fair Market Value, determined by the Company as
of the date of exercise, not in excess of the minimum amount of tax required to
be withheld by law (or such lower amount as may be necessary to avoid variable
award accounting).

          (C) You may not exercise your Award unless the tax withholding
obligations of the Company and/or any Affiliate are satisfied. Accordingly, you
may not be able to exercise your Award when desired even though your Award is
vested, and the Company shall have no obligation to issue a certificate for such
shares of Common Stock unless such obligations are satisfied.

     11. NOTICES. Any notices provided for in your Award or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the
case of notices delivered by the Company to you, five (5) days after deposit in
the United States mail, postage prepaid, addressed to you at the last address
you provided to the Company.

     12. MISCELLANEOUS.

          (A) The rights and obligations of the Company with respect to your
Award shall be transferable to any one or more persons or entities, and all
covenants and agreements hereunder shall inure to the benefit of, and be
enforceable by the Company's successors and assigns.

          (B) You agree upon request to execute any further documents or
instruments necessary or desirable in the sole determination of the Company to
carry out the purposes or intent of your Award.

          (C) You acknowledge and agree that you have reviewed your Award in its
entirety, have had an opportunity to obtain the advice of counsel prior to
executing and accepting your Award and fully understand all provisions of your
Award.

          (D) This Agreement will be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.

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          (E) All obligations of the Company under the Plan and this Agreement
will be binding on any successor to the Company, whether the existence of such
successor is the result of a direct or indirect purchase, merger, consolidation,
or otherwise, of all or substantially all of the business and/or assets of the
Company.

     13. HEADINGS. The headings of the Sections in this Agreement are inserted
for convenience only and shall not be deemed to constitute a part of this
Agreement or to affect the meaning of this Agreement.

     14. SEVERABILITY. If all or any part of this Agreement or the Plan is
declared by any court or governmental authority to be unlawful or invalid, such
unlawfulness or invalidity shall not invalidate any portion of this Agreement or
the Plan not declared to be unlawful or invalid. Any Section of this Agreement
(or part of such a Section) so declared to be unlawful or invalid shall, if
possible, be construed in a manner which will give effect to the terms of such
Section or part of a Section to the fullest extent possible while remaining
lawful and valid.

     15. GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions of
the Plan, the provisions of which are hereby made a part of your Award, and is
further subject to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the Plan. In the
event of any conflict between the provisions of your Award and those of the
Plan, the provisions of the Plan shall control.

                                    * * * * *

     This Stock Appreciation Right Award Agreement shall be deemed to be signed
by the Company and the Participant upon the signing by the Participant of the
Stock Appreciation Right Award Grant Notice to which it is attached.<PAGE>
                                                                    Exhibit 10.1

                             STOCKHOLDER'S AGREEMENT

     THIS STOCKHOLDER'S AGREEMENT (this "AGREEMENT") is made and entered into as
of this 27th day of September, 2005, by and between US Airways Group, Inc., a
Delaware corporation, and its successors (including, as the context may require,
on or after the effective date of the Plan, as reorganized pursuant to chapter
11 of the United States Bankruptcy Code) (the "COMPANY") and the purchaser of
the Company's Common Stock listed on Exhibit A hereto (the "INVESTOR").

                                    RECITALS

     WHEREAS, the Investor and certain other investors (the "OTHER INVESTORS")
are purchasing shares of the Company's common stock, par value $0.01 per share
(the "COMMON STOCK"), pursuant to those certain Investment Agreements (the
"INVESTMENT AGREEMENTS") as well as, in the case of Eastshore Aviation, LLC,
pursuant to that certain DIP Credit Facility, as amended, (collectively, the
"FINANCING");

     WHEREAS, the obligations in Investor's Investment Agreement are conditioned
upon the execution and delivery of this Agreement;

     WHEREAS, the Company and each Other Investor is entering into a separate
Stockholder's Agreement in connection with the consummation of the Financing
(collectively, the "OTHER STOCKHOLDER AGREEMENTS"); and

     WHEREAS, in connection with the consummation of the Financing, the Company
and Investor have agreed to the provisions as set forth below.

     NOW, THEREFORE, in consideration of these premises and intending to be
legally bound, the parties hereto agree as follows:

     1. CERTAIN DEFINITIONS. As used in this Agreement, the following terms
shall have the following respective meanings:

          "Affiliate" means, with respect to any specified Person, a Person that
directly, or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, the specified Person, where
"control" (including the terms "controlling," "controlled by" and "under common
control with") means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract, or otherwise;
provided, however, that when used with respect to the Company, "Affiliate" shall
not include any Investor or Affiliate thereof.

          "Cases" shall mean the voluntary petitions for protection under
chapter 11 of the United States Bankruptcy Code filed by the Company and certain
of its subsidiaries in the United States Bankruptcy Court for the Eastern
District of Virginia, Alexandria Division to enable such debtors to be
restructured pursuant to one or more plans of reorganization.

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          "Closing Date" means the date of the closing of the purchase and sale
of Common Stock under the Investment Agreements.

          "Commission" means the Securities and Exchange Commission or any other
federal agency at the time administering the Securities Act.

          "Exchange Act" means the Securities Exchange Act of 1934, as amended,
or any similar federal rule or statute and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time.

          "Options" mean the options to purchase shares of Common Stock issued
to Investor in the letter agreement dated September 16, 2005 and any such
options issued to any Other Investor and subsequently acquired by Investor.

          "Plan" shall mean the plan of reorganization to be filed in connection
with the Cases upon the Company's emergence from bankruptcy.

          "Preferred Stock" shall mean any series of preferred stock of the
Company issued in the future by the Company.

          "Registrable Securities" means any (i) Common Stock purchased by
Investor pursuant to Investor's Investment Agreement, including Common Stock
purchased pursuant to the Options, (ii) Common Stock of the Company held by
Investor, if any, as of the date of this Agreement and (iii) Common Stock issued
or issuable in respect of any of the foregoing upon any stock split, stock
dividend, recapitalization or similar event; provided, however, that securities
shall only be treated as Registrable Securities if and so long as they have not
been sold pursuant to a registration or in accordance with Rule 144.

          The terms "register," "registered" and "registration" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act, and the declaration or ordering of the
effectiveness of such registration statement.

          "Registration Expenses" shall mean all expenses, except as otherwise
stated below, incurred by the Company in complying with Section 6(a) and 6(c)
hereof, including without limitation, all registration, qualification and filing
fees, printing expenses, escrow fees, fees and disbursements of counsel for the
Company, blue sky fees and expenses, the expense of any special audits incident
to or required by any such registration (but excluding the compensation of
regular employees of the Company which shall be paid in any event by the Company
and excluding any underwriters discounts or commissions which may be
applicable). Registration Expenses shall also include the reasonable fees and
disbursements for one special counsel to the selling stockholders reasonably
acceptable to the Company.

          "Restricted Securities" shall mean the Common Stock purchased by
Investor pursuant to Investor's Investment Agreement, including the Common Stock
purchased pursuant to the Options, or any other securities issued in respect of
such stock upon any stock split, stock dividend, recapitalization, merger or
similar event until such Common Stock is sold pursuant to a registration or
until such Common Stock is sold or is eligible to be sold pursuant to Rule 144,
including pursuant to subsection (k) of Rule 144.

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          "Rule 144" and "Rule 145" shall mean Rules 144 and 145, respectively,
promulgated under the Securities Act, or any similar federal rules thereunder,
all as the same shall be in effect at the time.

          "Securities Act" shall mean the Securities Act of 1933, as amended, or
any similar federal rule or statute and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time.

     2. RESTRICTIONS ON TRANSFERABILITY. The Common Stock and any other
securities issued in respect of such stock upon any stock split, stock dividend,
recapitalization, merger or similar event, shall not be sold, assigned,
transferred or pledged except upon the conditions specified in this Section 2
and in Section 4 of this Agreement, which conditions are intended to ensure
compliance with the provisions of the Securities Act. Investor or its transferee
will cause any proposed purchaser, assignee, transferee or pledgee of any
Restricted Securities held by the Investor or transferee to agree, if such
Securities would be Restricted Securities in the hands of such purchaser,
assignee, transferee or pledgee, to take and hold such securities subject to the
restrictions and upon the conditions specified in this Agreement.

     Without limiting the generality of the foregoing, Investor agrees not to
sell any Common Stock prior to the date that is six (6) months after the Closing
Date; provided, that notwithstanding the foregoing, Investor may transfer any of
its Common Stock (i) to the Company or (ii) to any of its Affiliates or (iii) in
a transaction involving a distribution without consideration to its constituent
partners or members in proportion to their ownership interests in Investor, in
each case so long as such Affiliate or constituent partners or members agree in
writing to be bound by the terms of this Agreement and, if requested by the
Company, Investor's counsel provides the Company with an opinion that such
transfer is exempt from the registration requirements of the Securities Act.

     3. RESTRICTIVE LEGEND. Each certificate representing Restricted Securities
shall (unless otherwise permitted by the provisions of Section 4 below) be
stamped or otherwise imprinted with legends in substantially the following form
(in addition to any legends required by applicable state securities laws):

          THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
          SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). SUCH SECURITIES MAY
          NOT BE TRANSFERRED UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN
          EFFECT AS TO SUCH TRANSFER OR SUCH TRANSFER MAY BE MADE PURSUANT TO
          RULE 144 OR ANOTHER EXEMPTION FROM THE ACT.

          THE SHARES REPRESENTED BY THE CERTIFICATE ARE SUBJECT TO CERTAIN
          RESTRICTIONS ON TRANSFER CONTAINED IN THE STOCKHOLDER'S AGREEMENT BY
          AND BETWEEN THE ISSUER AND THE ORIGINAL

<PAGE>

          HOLDER HEREOF, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE
          OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE
          SHARES.

Investor consents to the Company making a notation on its records and giving
stop transfer instructions to any transfer agent of its capital stock in order
to implement the restrictions on transfer established in this Agreement.

     4. TRANSFER OF RESTRICTED SECURITIES.

               (A) NOTICE OF PROPOSED TRANSFERS. The holder of each certificate
     representing Restricted Securities by acceptance thereof agrees to comply
     in all respects with the provisions of this Section 4. Prior to any
     proposed sale, assignment, transfer or pledge of any Restricted Securities,
     unless there is in effect a registration statement under the Securities Act
     covering the proposed transfer, the holder thereof shall give written
     notice to the Company of such holder's intention to effect such transfer,
     sale, assignment or pledge. Each such notice shall describe the manner and
     circumstances of the proposed transfer, sale, assignment or pledge in
     sufficient detail, and, if requested by the Company, the holder shall also
     provide, at such holder's election and expense, either (i) a written
     opinion of legal counsel who shall be, and whose legal opinion shall be
     reasonably satisfactory to the Company, addressed to the Company, to the
     effect that the proposed transfer of the Restricted Securities may be
     effected without registration under the Securities Act, or (ii) a "no
     action" letter from the Commission to the effect that the transfer of such
     securities without registration will not result in a recommendation by the
     staff of the Commission that action be taken with respect thereto,
     whereupon the holder of such Restricted Securities shall be entitled to
     transfer such Restricted Securities in accordance with the terms of the
     notice delivered by the holder to the Company; provided, however, that no
     opinion of counsel or "no action" letter shall be required with respect to
     (i) a transfer not involving a change in beneficial ownership, (ii) a
     transaction involving the distribution without consideration of Restricted
     Securities by the holder to its constituent partners or members in
     proportion to their ownership interests in the holder, or (iii) a
     transaction involving the transfer without consideration of Restricted
     Securities by an individual holder during such holder's lifetime by way of
     gift or on death by will or intestacy. Each certificate evidencing the
     Restricted Securities transferred as above provided shall bear, except if
     such transfer is made pursuant to Rule 144, the appropriate restrictive
     legend set forth in Section 3 above, except that such certificate shall not
     bear such restrictive legend if in the opinion of counsel for such holder
     and counsel for the Company such legend is not required in order to
     establish compliance with any provision of the Securities Act.

               (B) REMOVAL OF LEGENDS. If any shares of Common Stock that were
     Restricted Securities become eligible for sale pursuant to Rule 144(k) or
     otherwise cease to be Restricted Securities, the Company shall, upon the
     request of the holder of such Common Stock, promptly remove the first
     legend set forth in Section 3 from the certificates for such Common Stock.
     At any time following the date that is six months after the Closing Date,
     the Company shall, upon the request of Investor, promptly remove

<PAGE>

     the second legend set forth in Section 3 from any certificates representing
     shares of Common Stock.

     5. TRANSFER OF RIGHTS. The rights granted to Investor or a permitted
transferee hereunder may be assigned to any transferee of any shares of Common
Stock, including any constituent partner or member of a holder which is a
partnership or limited liability company, or to an Affiliate of a holder which
is a corporation, partnership or limited liability company, provided that: (i)
such transferee or assignee has acquired at least twenty percent (20%) of the
Common Stock previously purchased by Investor pursuant to Investor's Investment
Agreement; (ii) such transfer is effected in accordance with applicable
securities laws and the terms of this Agreement; (iii) written notice is
promptly given to the Company; and (iv) such transferee or assignee agrees in
writing to be bound by the provisions of this Agreement; provided, further, that
clause (i) in the foregoing proviso shall not apply with respect to the
provisions of Section 6 hereof.

     6. REGISTRATION RIGHTS.

          (A) COMPANY REGISTRATION. The Company shall (i) cause a shelf
registration statement on Form S-3 (or other appropriate form) covering the
resale of all of the Registrable Securities to be filed with the Commission
within forty-five (45) days after the Closing Date, (ii) cause such registration
statement to be declared effective by the Commission no later than six (6)
months after the Closing Date and (iii) keep such registration statement
continuously effective until Investor no longer holds any Registrable Securities
that may not be sold either pursuant to (x) Rule 144(k) or (y) in their entirety
in a single transaction pursuant to Rule 144. The Company will include in such
registration (and any related qualifications including compliance with blue sky
laws), and in any underwriting involved therein, all Registrable Securities
specified by Investor in a written request or requests to the Company, made
within ten days after the date of written notice of such registration from the
Company to Investor.

     If the Company proposes to register any of its shares of Common Stock
(other than any registration for the account of the Company of securities issued
pursuant to any employee benefit plan or in any acquisition by the Company), the
Company will include in such registration all shares of Common Stock held by the
holders of Registrable Securities requested to be so included; provided,
however, that if, in the case of an underwritten offering, the managing
underwriter informs the Company that the number of shares of Registrable
Securities requested to be included in such offering by Investor, together with
all Registrable Securities (as defined in the Other Stockholder Agreements)
requested to be included in such offering by the Other Investors pursuant to the
Other Stockholder Agreements (collectively, the "REQUESTED INVESTOR SHARES")
exceeds the amount which can be sold in such offering without adversely
affecting the distribution of the shares being offered, the Company shall
include, first, all of the shares the Company has proposed to register; second,
as many of the Requested Investor Shares, chosen pro rata based on the number of
Requested Investor Shares, as can be included without adversely affecting such
distribution; and, third, any other shares of Common Stock proposed to be
included in such offering. With respect to terms and conditions not provided for
in this paragraph or in this Section 6, the "piggyback" rights provided for in
this paragraph are intended to be on customary terms. Notwithstanding the
foregoing, this Section 6(a) shall not be applicable to (i) any registration
statements filed in connection with the registration of warrants

<PAGE>

to purchase Common Stock issued by the Company on the date hereof, (ii) the
Company's Registration Statement on Form S-1 (File No. 333-126226) or (iii) any
registration statements filed in connection with the registration of Convertible
Notes being offered by the Company as contemplated by the preliminary offering
memorandum, dated September 20, 2005.

          (B) EXPENSES OF REGISTRATION. All Registration Expenses incurred in
connection with the registration described in Section 6(a) shall be borne by the
Company. All other registration expenses, if any, (i) that are not directly
attributable to a single Investor shall be borne by Investor and the Other
Investors pro rata on the basis of the number of shares so registered or
proposed to be so registered and (ii) that are directly attributable to a single
Investor shall be borne by such Investor.

          (C) REGISTRATION PROCEDURES. The Company will keep Investor advised in
writing as to the initiation of the registration described in Section 6(a) and
as to the completion thereof. The Company will:

               (I) Registration Statement. Prepare and file with the Commission
a registration statement with respect to such Registrable Securities and cause
such registration statement to become effective and remain effective, in each
case in accordance with the timeframes provided in Section 6(a).

               (II) Amendments and Supplements. Prepare and file with the
Commission such amendments and supplements to such registration statement and
the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Securities Act with respect to
the disposition of all securities covered by such registration statement for the
period set forth in Section 6(a) above.

               (III) Prospectus. Furnish to Investor such number of copies of
the registration statement, any amendments thereto, any documents incorporated
by reference therein, a prospectus, including a preliminary prospectus, in
conformity with the requirements of the Securities Act, and such other documents
as Investor may reasonably request in order to facilitate the disposition of
Registrable Securities owned by Investor.

               (IV) Qualification. Use its reasonable best efforts to register
and qualify the securities covered by such registration statement under such
other securities or blue sky laws of such jurisdictions as shall be reasonably
requested by Investor; provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or
jurisdictions, unless the Company is already subject to service in such
jurisdiction and except as may be required by the Securities Act.

               (V) Underwriting Obligations. In the event of any underwritten
public offering of Registrable Securities, enter into and perform its
obligations under an underwriting agreement, in usual and customary form, with
the managing underwriter(s) of such offering. If Investor participates in such
underwriting, Investor shall also enter into and perform its obligations under
such an underwriting agreement. The Company shall, if requested by the managing
underwriter or underwriters, if any, counsel to Investor, or any holder of
Registrable

<PAGE>

Securities included in such offering, promptly incorporate in a prospectus
supplement or post-effective amendment such information as such managing
underwriter or underwriters, counsel to Investor or any holder of Registrable
Securities reasonably requests to be included therein, and which is reasonably
related to the offering of such Registrable Securities, including, without
limitation, with respect to the Registrable Securities being sold by such holder
to such underwriter or underwriters, the purchase price being paid therefor by
such underwriter or underwriters and any other terms of an underwritten offering
of the Registrable Securities to be sold in such offering, and the Company shall
promptly make all required filings of such prospectus supplement or
post-effective amendment.

               (VI) Notice. If Investor is holding Registrable Securities
covered by such registration statement at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, immediately notify
Investor of the happening of any event as a result of which the prospectus
included in such registration statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing (a "SUSPENSION NOTICE"); provided,
however, that (i) the Company shall not give more than two Suspension Notices
during any period of twelve consecutive months, (ii) any such Suspension Notice
shall not be given within 120 days of the end of the Suspension Notice period
under the prior Suspension Notice and (iii) in no event shall the period from
the date on which any holder of Registrable Securities receives a Suspension
Notice until the date on which such holder receives copies of the supplemented
or amended prospectus or is advised in writing by the Company that the use of
the prospectus may be resumed exceed for all Suspension Notices in the
aggregate, 60 days in any 365 day period. The Company will use reasonable best
efforts to promptly amend or supplement such prospectus in order to cause such
prospectus not to include any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing.

               (VII) Listing. Cause all such Registrable Securities registered
pursuant hereto to be listed on each securities exchange or automated quotation
system on which similar securities issued by the Company are then listed or, if
no securities are then listed, on the NASDAQ Stock Market Inc.'s National Market
or on the New York Stock Exchange.

               (VIII) Transfer Agent; CUSIP Number. Provide a transfer agent and
registrar for all Registrable Securities registered pursuant hereunder and a
CUSIP number for all such Registrable Securities not later than the effective
date of such registration.

               (IX) Opinion, Comfort Letter. Cause to be furnished, on the date
that such Registrable Securities are delivered to the underwriters for sale, if
such securities are being sold through underwriters, (i) an opinion, dated as of
such date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in
an underwritten public offering, addressed to the underwriters, if any, and (ii)
a letter dated as of such date, from the independent registered public
accountants of the Company, in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten
public offering addressed to the underwriters.

<PAGE>

               (X) Stop Orders. Use its reasonable best efforts to prevent the
issuance of any order suspending the effectiveness of a registration statement
relating to Registrable Securities, and if one is issued, use its best efforts
to obtain the withdrawal of any order suspending the effectiveness of such
registration statement at the earliest possible moment.

               (XI) Company Records. Make available to Investor, any underwriter
participating in any disposition pursuant to a registration statement relating
to Registrable Securities, and any attorney, accountant or other agent or
representative retained by Investor or any such underwriter (collectively, the
"INSPECTORS"), all financial and other records, pertinent corporate documents
and properties of the Company (collectively, the "Records") reasonably necessary
to enable them to exercise their due diligence responsibility, and cause the
Company's officers, directors and employees to supply all information requested
by any such Inspector in connection with such registration statement, provided
that Investor and each such Inspector has entered into a customary
confidentiality agreement with respect to such Records.

               (XII) NASD Matters. Cooperate with Investor and each underwriter
participating in the disposition of Registrable Securities and their respective
counsel in connection with any filings required to be made with the National
Association of Securities Dealers, Inc. ("NASD"), including, if appropriate, the
pre-filing of a prospectus as part of a registration statement in advance of an
underwritten offering.

          (D) INDEMNIFICATION.

               (I) Company Indemnification. The Company will indemnify each
holder (if Registrable Securities held by such holder are included in the
securities as to which such registration is being effected), each of its
officers and directors and partners, and each person controlling such holder
within the meaning of Section 15 of the Securities Act, with respect to which
registration has been effected pursuant to this Agreement, against all expenses,
claims, losses, damages or liabilities (or actions in respect thereof),
including any of the foregoing incurred in settlement of any litigation,
commenced or threatened, arising out of or based on any untrue statement (or
alleged untrue statement) of a material fact contained in any registration
statement, prospectus, offering circular or other document, or any amendment or
supplement thereto, incident to any such registration, or based on any omission
(or alleged omission) to state therein a material fact required to be stated
therein or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading, or any violation by the
Company of the Securities Act, the Exchange Act, state securities laws or any
rule or regulation promulgated under such laws applicable to the Company in
connection with any such registration, and the Company will reimburse each such
holder, each of its officers and directors, and each person controlling such
holder, for any legal and any other expenses reasonably incurred, as such
expenses are incurred, in connection with investigating, preparing or defending
any such claim, loss, damage, liability or action, provided that the Company
will not be liable in any such case to the extent that any such claim, loss,
damage, liability or expense arises out of or is based on any untrue statement
or omission or alleged untrue statement or omission made in reliance upon and in
conformity with written information furnished to the Company by an instrument
duly executed by such holder or controlling person, and stated to be
specifically for use therein; provided, further, that the indemnity agreement
contained in this subsection 6(d)(i) shall not apply to amounts paid in
settlement of any such loss, claim, damage,

<PAGE>

liability or action if such settlement is effected without the consent of the
Company (which consent shall not be unreasonably withheld).

               (II) Investor Indemnification. Each holder will, if Registrable
Securities held by such holder are included in the securities as to which such
registration is being effected, indemnify the Company, each of its directors and
officers, other holders of the Company's securities covered by such registration
statement, each person who controls the Company within the meaning of Section 15
of the Securities Act, and each such holder, each of its officers and directors
and each person controlling such holder within the meaning of Section 15 of the
Securities Act, against all claims, losses, damages and liabilities (or actions
in respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any such registration
statement, prospectus, offering circular or other document, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, or any violation by
such holder of the Securities Act, the Exchange Act, state securities laws or
any rule or regulation promulgated under such laws applicable to such holder,
and will reimburse the Company, each such other holder, such directors,
officers, persons, underwriters or control persons for any legal or any other
expenses reasonably incurred, as such expenses are incurred, in connection with
investigating or defending any such claim, loss, damage, liability or action,
but in the case of the Company or such other holder or their officers, directors
or controlling persons, only to the extent that such untrue statement (or
alleged untrue statement) or omission (or alleged omission) is made in such
registration statement, prospectus, offering circular or other document in
reliance upon and in conformity with written information furnished to the
Company by an instrument duly executed by such holder and stated to be
specifically for use therein; provided, further, that the indemnity agreement
contained in this Subsection 6(d)(ii) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of such indemnifying holder (which
consent shall not be unreasonably withheld or delayed). The liability of any
holder for indemnification under this Section 6(d) in its capacity as a seller
of Registrable Securities shall not exceed the lesser of (i) that proportion of
the total of such losses, claims, damages, expenses or liabilities indemnified
against equal to the proportion of the total securities sold under such
registration statement by such holder, and (ii) the amount equal to the net
proceeds to such holder of the securities sold in any such registration.

               (III) Notice. Each party entitled to indemnification under this
Section 6(d) (the "INDEMNIFIED PARTY") shall give notice to the party required
to provide indemnification (the "INDEMNIFYING PARTY") promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of any
such claim or any litigation resulting therefrom, provided that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or litigation,
shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld), and the Indemnified Party may participate in such
defense at such party's expense, and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure to
give such notice is materially prejudicial to an Indemnifying Party's ability to
defend such action and provided further, that the Indemnifying Party shall not
assume the defense for matters as to which there is a conflict of interest or
there are separate and different defenses. No Indemnifying Party, in the

<PAGE>

defense of any such claim or litigation, shall, except with the consent of each
Indemnified Party (whose consent shall not be unreasonably withheld), consent to
entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or
litigation.

               (IV) Contribution. If the indemnification provided for in this
Section 6(d) is held by a court of competent jurisdiction to be unavailable to
an Indemnified Party with respect to any losses, claims, damages or liabilities
referred to herein, the Indemnifying Party, in lieu of indemnifying such
Indemnified Party thereunder, shall to the extent permitted by applicable law
contribute to the amount paid or payable by such Indemnified Party as a result
of such loss, claim, damage or liability in such proportion as is appropriate to
reflect the relative fault of the Indemnifying Party on the one hand and of the
Indemnified Party on the other in connection with the untrue statement or
omission that resulted in such loss, claim, damage or liability, as well as any
other relevant equitable considerations. The relative fault of the Indemnifying
Party and of the Indemnified Party shall be determined by a court of law by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission to state a material fact relates to
information supplied by the Indemnifying Party or by the Indemnified Party and
the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission; provided, that in no event
shall any contribution by Investor hereunder exceed the proceeds from the
offering received by Investor.

               (V) Survival. The obligations of the Company and Investor under
this Section 6(d) shall survive completion of any offering of Registrable
Securities in a registration statement and the termination of this agreement.
The provisions of this Section 6(d) shall survive any termination of this
Agreement.

          (E) INFORMATION BY INVESTOR. If Investor holds Registrable Securities
included in any registration, Investor shall furnish to the Company such
information regarding Investor, the Registrable Securities held by Investor and
the distribution proposed by Investor as the Company may request in writing and
as shall be required in connection with any registration referred to in this
Agreement.

          (F) RULE 144 REPORTING. With a view to making available the benefits
of certain rules and regulations of the Commission which may at any time permit
the sale of the Restricted Securities to the public without registration, the
Company agrees to use reasonable best efforts to:

               (I) Public Information. Make and keep public information
available, as those terms are understood and defined in Rule 144 under the
Securities Act;

               (II) Filing. File with the Commission in a timely manner all
reports and other documents required of the Company under the Securities Act and
the Exchange Act; and

<PAGE>

               (III) Rule 144 Statement. So long as Investor owns any Restricted
Securities, furnish Investor forthwith upon request a written statement by the
Company as to its compliance with the reporting requirements of said Rule 144
(at any time after 90 days after the effective date of the first registration
statement filed by the Company for an offering of its securities to the general
public), a copy of the most recent annual or quarterly report of the Company,
and such other reports and documents of the Company and other information in the
possession of or reasonably obtainable by the Company as Investor may reasonably
request in availing itself of any rule or regulation of the Commission allowing
Investor to sell any such securities without registration.

          (G) DELAY FEE. If: (i) any registration statement required to be filed
pursuant to Section 6(a) is not filed within the time period specified therein,
(ii) a registration statement filed hereunder is not declared effective by the
SEC within the time period specified in Section 6(a) or (iii) a registration
statement ceases to be effective and available for resales of Registrable
Securities by Investor when the Company is required to keep such registration
statement effective under this Agreement, (any such failure or breach being
referred to as a "REGISTRATION DEFAULT" and, for purposes of clause (i), (ii) or
(iii), the date on which such Registration Default occurs, being referred to as
an "EVENT DATE"), then, in addition to, and not in lieu or limitation of, any
other remedies the Investors may have in law (including damages) or equity, the
Company shall pay to Investor an amount, in cash ("RD FEES") (x) upon the
occurrence of a Registration Default, an amount equal to $0.165 for each
Registrable Security then held by Investor, and (y) if the Registration Default
has not been cured by the first month anniversary following the date of the
Registration Default, an amount equal to $0.165 for each Registrable Security
then held by Investor, and (z) on each monthly anniversary thereafter until the
Registration Default has been cured, an amount equal to $0.165 for each
Registrable Security then held by Investor; provided, however, that all periods
referred to in clauses (y) and (z) above shall be tolled during delays caused by
the action or inaction of Investor, and the Company shall have no liability to
Investor in respect of any such delay. The RD Fees payable pursuant hereto shall
be payable within five (5) business days following the date of the Registration
Default or the monthly anniversary thereof, as the case may be. Notwithstanding
anything to the contrary contained herein, RD Fees shall not be payable under
this Section 6(g) for more than one Registration Default occurring or existing
at any one time.

     7. ELECTION OF DIRECTOR.

               (I) At or prior to the effective time of the Merger (as such term
is defined in Investor's Investment Agreement), the Board of Directors of the
Company (as such term is defined in Investor's Investment Agreement) shall take
such actions as are necessary to cause the persons indicated on Exhibit B (each
an "INVESTOR DIRECTOR") to be elected to the Board of Directors of the Company,
for an initial three-year term, at the effective time of the Merger; provided,
however, that the directors nominated by each of PAR Investment Partners, L.P.,
ACE Aviation Holdings Inc. ("ACE") and Eastshore Aviation, LLC shall be
appointed to the Board of Directors of the Company on the date which is two
business days after the effective time of the Merger.

               (II) In the event that ACE is entitled to designate an Investor
Director pursuant to terms of its Investment Agreement, for so long as ACE,
together with its Affiliates,

<PAGE>

holds not less than 66.67% of the number of shares of Common Stock (after
accounting for any reverse stock split, pro rata repurchases or similar actions
by the Company) acquired by it pursuant to its Investment Agreement (the "ACE
DIRECTOR THRESHOLD"), the Company agrees to nominate, at the expiration of the
term of ACE's Investor Director, a director nominee designated by ACE for a
successive three year term and, in the event ACE's Investor Director resigns,
dies or become incapacitated, the Company shall cause the vacancy so created to
be filled by a designee of ACE to serve the unexpired term of the director being
replaced, provided that, in either such case, the director designated or
nominated by ACE meets the basic qualifications for directors, if any, contained
in the Company's bylaws applicable to all directors of the Company. If ACE,
together with its Affiliates, falls below the ACE Director Threshold, it shall
cause its Investor Director (as indicated on Exhibit B) to resign from the Board
of Directors of the Company.

     8. AMENDMENT. Except as otherwise provided herein, additional parties may
be added to this Agreement and any provision of this Agreement may be amended or
the observance thereof may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written
consent of the Company and Investor. Any amendment or waiver effected in
accordance with this Section 8 shall be binding upon Investor, any transferee
thereof and the Company. So long as the Investor and/or its permitted
transferees who become parties to and bound by this Agreement collectively hold
not less than 10% of the number of shares of Common Stock acquired by the
Investor pursuant to such Investor's Investment Agreement, the Company shall not
amend or waive any provision of any Other Stockholder Agreement except with the
prior written consent of Investor.

     9. GOVERNING LAW. This Agreement shall be governed in all respects by the
internal laws of the State of Delaware without regard to conflict of laws
provisions.

     10. ENTIRE AGREEMENT. This Agreement constitutes the full and entire
understanding and Agreement among the parties regarding the matters set forth
herein. Except as otherwise expressly provided herein, the provisions hereof
shall inure to the benefit of, and be binding upon the successors, assigns,
heirs, executors and administrators of the parties hereto.

     11. SEVERABILITY. The provisions of this Agreement are severable and the
invalidity or unenforceability of any provision will not affect the validity or
enforceability of the other provisions of this Agreement. If any provision of
this Agreement, or the application of that provision to any Person or any
circumstance, is invalid or unenforceable, (a) a suitable and equitable
provision will be substituted for that provision in order to carry out, so far
as may be valid and enforceable, the intent and purpose of the invalid or
unenforceable provision and (b) the remainder of this Agreement and the
application of that provision to other Persons or circumstances will not be
affected by such invalidity or unenforceability, nor will such invalidity or
unenforceability affect the validity or enforceability of that provision, or the
application of that provision, in any other jurisdiction.

     12. SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided herein,
the provisions hereof shall inure to the benefit of, and be binding upon, the
Company's and Investor's successors, assigns and transferees, including, without
limitation and without the need for an express assignment, subsequent holders of
Registrable Securities; provided that such

<PAGE>

assignee or transferee is not a "major airline" or "low cost carrier", as such
terms are commonly understood in the airline industry, or an Affiliate thereof.
If any assignee or transferee of Investor shall acquire Registrable Securities
in any manner, whether by operation of law or otherwise, such Registrable
Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Registrable Securities such person shall be deemed to
have agreed to be bound by and to perform all of the terms and provisions of
this Agreement and such person shall be entitled to receive the benefits hereof.

     13. NOTICES, ETC. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by registered or
certified mail, postage prepaid, or otherwise delivered by facsimile
transmission, by hand or by messenger, addressed:

          (A) STOCKHOLDER. If to Investor, at Investor's address as set forth in
either Exhibit A, or at such other address as Investor shall have furnished to
the Company.

          (B) COMPANY. If to the Company, to:

               US Airways Group, Inc.
               111 West Rio Salado Parkway
               Tempe, AZ 85281
               Attention: General Counsel
               Telecopy No. 480-693-5155

               or at such other address as the Company shall have furnished to
               Investor.

Each such notice or other communication shall for all purposes of this Agreement
be treated as effective or having been given when delivered if delivered
personally, if sent by facsimile, the first business day after the date of
confirmation that the facsimile has been successfully transmitted to the
facsimile number for the party notified, or, if sent by mail, at the earlier of
its receipt or 72 hours after the same has been deposited in a regularly
maintained receptacle for the deposit of the United States mail, addressed and
mailed as aforesaid.

     14. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be an original and all of which together shall
constitute one instrument.

     15. OWNERSHIP. Investor represents and warrants to the Company that (a)
Investor now owns the Common Stock, free and clear of liens or encumbrances, and
has not, prior to or on the date of this Agreement, executed or delivered any
proxy or entered into any other voting agreement or similar arrangement other
than one which has expired or terminated prior to the date hereof, and (b)
Investor has full power and capacity to execute, deliver and perform this
Agreement, which has been duly executed and delivered by, and evidences the
valid and binding obligation of, Investor enforceable in accordance with its
terms.

     16. SPECIFIC PERFORMANCE. The parties hereto specifically acknowledge that
monetary damages are not an adequate remedy for violations of this Agreement,
and that any party hereto may, in its sole discretion, apply to a court of
competent jurisdiction for specific

<PAGE>

performance or injunctive or such other relief as such court may deem just and
proper in order to enforce this Agreement or prevent any violation hereof and,
to the extent permitted by applicable law and to the extent the party seeking
such relief would be entitled to the merits to obtain such relief, each party
waives any objection to the imposition of such relief.

     17. DESIGNATION OF FORUM AND CONSENT TO JURISDICTION. The parties hereto
(i) designate the courts of the State of Delaware as the forum where all matters
pertaining to this Agreement may be adjudicated, and (ii) by the foregoing
designation, consent to the exclusive jurisdiction and venue of such courts for
the purpose of adjudicating all matters pertaining to this Agreement.

     18. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT IT
MAY HAVE TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE ARISING OUT OF OR
RELATED TO THIS AGREEMENT. INSTEAD, ANY SUCH DISPUTES RESOLVED IN COURT SHALL BE
RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

     19. STOCK SPLIT. All references to numbers of shares in this Agreement
shall be appropriately adjusted to reflect any stock dividend, split,
combination or other recapitalization of shares by the Company occurring after
the date of this Agreement.

                             [Signatures Next Page]

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Stockholder's
Agreement as of the date first set forth above.

                                        US AIRWAYS GROUP, INC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ACE AVIATION HOLDINGS INC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

<PAGE>

                                    EXHIBIT A

                                    INVESTOR

<TABLE>
<CAPTION>
                                                         SHARES PURCHASED ON THE
NAME AND ADDRESS                                             CLOSING DATE(1)
----------------                                         -----------------------
<S>                                                      <C>
ACE Aviation Holdings Inc.                                      5,000,000
5100 de Maisonneuve Boulevard West
Montreal, Quebec, Canada, H4A 3T2
Fax: (514) 205-7863
Attention: Chief Legal Officer

With a copy to:

Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
Fax: (212) 403-2000
Attention: Mark Gordon

And a copy to:

Stikeman Elliott LLP
5300 Commerce Court West
199 Bay Street
Toronto, Ontario M5L 1B9, Canada
Fax: (416) 947-0866
Attention: Marvin Yontef
</TABLE>

----------
(1)  Pursuant to Investor's Investment Agreement, as amended by those certain
     letter agreements dated as of July 7, 2005 and September 16, 2005, Investor
     has the option to purchase additional shares of Common Stock (and Investor
     may acquire similar options from Other Investors), which will not be
     exercised until after the Closing Date. Therefore, any shares of Common
     Stock that Investor may receive pursuant to these options are not reflected
     in this Exhibit A.

                                        1

<PAGE>

                                    EXHIBIT B

                               BOARD OF DIRECTORS

Directors nominated by the Company

Bruce R. Lakefield
Cheryl G. Krongard
Hans Mirka
George M. Philip

Directors nominated by America West Holdings Corporation

W. Douglas Parker
Herbert M. Baum
Richard C. Kraemer
Denise M. O'Leary
Richard P. Schifter
J. Steven Whisler

Director nominated by PAR Investment Partners, L.P.

Edward Shapiro

Director nominated by ACE Aviation Holdings Inc.

Robert Milton

Director nominated by Eastshore Aviation, LLC

Richard Bartlett

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