Atlantic Coast Airlines (NASDAQ:ACAI)
Historical Stock Chart
From May 2019 to May 2024
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/