Independence Air Airbus Fleet Continues to Grow With Agreement to Acquire 28th Airbus A319
30 Juillet 2004 - 1:07AM
PR Newswire (US)
Independence Air Airbus Fleet Continues to Grow With Agreement to
Acquire 28th Airbus A319 Airbus Service From Washington Dulles to
Begin in November DULLES, Va., July 29 /PRNewswire-FirstCall/ --
Atlantic Coast Airlines Holdings, Inc. (NASDAQ:ACAI) and
Independence Air today announced the acquisition of one additional
132-passenger Airbus A319 aircraft, for a total of 28 firm Airbus
orders to date. This aircraft will be acquired directly from Airbus
and is scheduled to be delivered in March 2006, bringing the total
Independence Air fleet to 115 jet aircraft. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031119/DCW018LOGO-a ) A total
of four A319s are scheduled to arrive this year, 18 in 2005 and the
remaining six in the first quarter of 2006. The first two Airbus
A319s will begin service from Independence Air's hub at Washington
Dulles International Airport in November of this year. The company
has said it plans to use the A319s to add service to many
destinations in Florida and the West Coast. The first two of these
destinations will be announced in mid-August. Independence Air
Chairman and CEO Kerry Skeen said, "We're thankful for the
enthusiastic response we've been getting from people who are taking
advantage of all the low-fare service we're adding this summer in
Washington, but that's really just the beginning. Once we start
flying the Airbus planes this fall, Independence Air will become a
coast-to-coast low-fare airline, and we'll be offering more flights
to many more great destinations, making it fast, easy and less
expensive to fly all across America." The all-new Airbus A319s will
be configured with all-leather interiors in a comfortable single
class configuration. Independence Air will have live satellite TV
in every seatback of its Airbus aircraft by next spring.
Independence Air began its inaugural low-fare service on June 16th
and is in the midst of the largest-ever launch of new service in
airline history -- with a total of 35 new destinations coming
online by September 1. By that time, the airline will offer a
schedule of more than 600 daily departures, and its operation at
Washington Dulles will be the largest low-fare hub in America in
terms of total departures. For more information about parent
company Atlantic Coast Airlines Holdings, Inc., please visit our
website at http://www.atlanticcoast.com/. For more information
about Independence Air, please visit http://www.flyi.com/.
Statements in this press release and by company executives
regarding its implementation of new business strategies, as well as
regarding operations, earnings, revenues and costs, include
forward-looking information. A number of risks and uncertainties
exist which could cause actual results to differ materially from
these projected results. Such risks and uncertainties include,
among others: the ability of the Company to implement its
transition out of the United Express and Delta Connection programs;
the ability to effectively implement its low-fare business strategy
utilizing regional jets and Airbus aircraft, and to compete
effectively as a low-fare carrier, including passenger response to
the Company's new service, and the response of competitors with
respect to service levels and fares in markets served by the
Company; the effects of high fuel prices on the Company; the
ability of government agencies involved in airport operations to
handle the increased number of flights and passengers anticipated
at Washington Dulles without interference with airline operations;
the ability to complete the acquisition of, obtain certification
for, and secure financing of, its Airbus aircraft, and to
successfully integrate these aircraft into its fleet; the ability
to implement its assignment to Delta or others the leases of the
328JET aircraft currently used in the Company's Delta Connection
operations; the possibility that the Company will remain obligated
under the leases for 328JET aircraft currently used in the Delta
Connection operations anticipated to be assigned to Delta, and
would be obligated to fulfill these obligations should Delta
default at any time prior to the expiration of the leases;
unexpected costs or procedural complications arising from the
insolvency of Fairchild Dornier GmbH, the manufacturer and equity
owner of the 328JETs; the ability to successfully remarket the J-41
aircraft; the ability to successfully hire and train employees in
sufficient numbers to implement the transition; the ability to
reach agreement with AMFA and AFA-CWA on mutually satisfactory
contracts; and general economic and industry conditions, any of
which may impact the Company, its aircraft manufacturers and its
other suppliers in ways that the Company is not currently able to
predict. Certain of these and other risk factors are more fully
disclosed under "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2003 and in its Quarterly Report on Form 10-Q for the period
ended March 31, 2004. These statements are made as of July 28, 2004
and Atlantic Coast Airlines Holdings, Inc. undertakes no obligation
to update any such forward-looking information, including as a
result of any new information, future events, changed expectations
or otherwise.
http://www.newscom.com/cgi-bin/prnh/20031119/DCW018LOGO-a
http://photoarchive.ap.org/ DATASOURCE: Independence Air CONTACT:
Rick DeLisi, Director, Corporate Communications of Independence Air
and Atlantic Coast Airlines Holdings, Inc., +1-703-650-6019 Web
site: http://www.atlanticcoast.com/ http://www.flyi.com/
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