Results of FLYi, Inc. Annual Meeting of Stockholders

Results of FLYi, Inc. Annual Meeting of Stockholders 


DULLES, Va., June 22  /PRNewswire-FirstCall/ -- FLYi, Inc., parent company of
low-fare airline Independence Air (NASDAQ:FLYI), held its Annual Meeting of
Stockholders earlier today at the Independence Air Employee Center Auditorium
in Dulles, VA.

(Logo: http://www.newscom.com/cgi-bin/prnh/20031119/DCW018LOGO-a )

Stockholders overwhelmingly approved each of the items presented for a vote at
the meeting.

Election of Directors

Stockholders re-elected the eight incumbent directors. They include; Kerry B.
Skeen, Thomas J. Moore, C. Edward Acker, Robert E. Buchanan, Susan MacGregor
Coughlin, Caroline Devine, Daniel L. McGinnis and James C. Miller III.

Authorization for the company's Board of Directors to amend the company's fifth
restated Certificate of Incorporation to effect a reverse stock split within an
approved range.

Stockholders granted the Board of Directors discretion to amend the company's
certificate of incorporation to effect a reverse stock split.  The company
wishes to emphasize that the affirmative vote on this proposal does not mean
that a reverse stock split is imminent, nor has any specific ratio been
determined.  Today's approval provides the Board with the sole discretion to
elect, based on the Board's determination of the best interests of the company,
whether or not to implement a reverse split and, if so, the exact timing of the
reverse split and the ratio to be used within the range of one- for-two shares
to one-for-ten shares.  If and when the Board determines to implement a reverse
split, the company will at that time announce its intention, the effective date
of the reverse split and the actual ratio to be applied.

Ratification of the selection of independent auditors.

Stockholders ratified the audit committee's selection of KPMG, LLP to serve as
the company's independent auditors for the fiscal year ending December 31,
2005.

Independence Air is the low-fare airline that makes travel fast and easy for
its customers with a customer-first attitude, innovative thinking and a
willingness to challenge the status quo.

Independence Air, the "i" logo mark, FLYi.com and Go Your Own Way are service
marks of Independence Air, Inc. 

http://www.newscom.com/cgi-bin/prnh/20031119/DCW018LOGO-a

http://photoarchive.ap.org/

DATASOURCE: FLYi, Inc.



CONTACT:  Rick DeLisi, Director, Corporate Communications of FLYi, Inc.,

[phone]



Web site:  http://www.flyi.com/

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