ORLANDO, Fla.,
Dec. 13 /PRNewswire-FirstCall/ -- AirTran Holdings, Inc.,
(NYSE: AAI) will provide an online, real-time Webcast to discuss its
previously disclosed proposal to acquire all of the outstanding common stock
of Midwest Air Group, Inc. (Amex: MEH) for
$11.25 per share in cash and
AirTran stock.
AirTran Airways executives will discuss the proposal on a conference call
with the investment community at 9 a.m. EST (8 a.m. CST) today, December 13,
2006. To access the webcast go to http://investor.airtran.com.
AirTran Airways, a Fortune 1000 company and one of America's largest
low-fare airlines with 8,000 friendly, professional Crew Members, operates
nearly 700 daily flights to 52 destinations. The airline's hub is at
Hartsfield-Jackson Atlanta International Airport, where it is the second
largest carrier. AirTran Airways' aircraft features the fuel-efficient Boeing
737-700 and 717-200 to create America's youngest all-Boeing fleet. The airline
is also the first carrier to install XM Satellite Radio on a commercial
aircraft and the only airline with Business Class and XM Satellite Radio on
every flight. For reservations or more information, visit
http://www.airtran.com/ (America Online Keyword: AirTran).
Forward Looking Information
Certain of the statements contained herein should be considered
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements may be
identified by words such as "may," "will," "expect," "intend," "indicate,"
"anticipate," "believe," "forecast," "estimate," "plan," "guidance,"
"outlook," "could," "should," "continue" and similar terms used in connection
with statements regarding the outlook of AirTran Holdings, Inc., (the
"Company"). Such statements include, but are not limited to, statements about
expected fuel costs, the revenue and pricing environment, the Company's
expected financial performance and operations, future financing plans and
needs, overall economic conditions and the benefits of the business
combination transaction involving Midwest Air Group, Inc. ("Midwest") and the
Company, including future financial and operating results and the combined
companies' plans, objectives, expectations and intentions. Other
forward-looking statements that do not relate solely to historical facts
include, without limitation, statements that discuss the possible future
effects of current known trends or uncertainties or which indicate that the
future effects of known trends or uncertainties cannot be predicted,
guaranteed or assured. Such statements are based upon the current beliefs and
expectations of the Company's management and are subject to significant risks
and uncertainties that could cause the Company's actual results and financial
position to differ materially from the Company's expectations. Such risks and
uncertainties include, but are not limited to, the following: the Company's
ability to achieve the synergies anticipated as a result of the potential
business combination transaction involving Midwest and to achieve those
synergies in a timely manner; the Company's ability to integrate the
management, operations and labor groups of the Company and Midwest; the impact
of high fuel costs; significant disruptions in the supply of aircraft fuel and
further significant increases to fuel prices; the Company's ability to attract
and retain qualified personnel; labor costs and relations with unionized
employees generally and the impact and outcome of labor negotiations; the
impact of global instability, including the current instability in the Middle
East, the continuing impact of the U.S. military presence in Iraq and
Afghanistan and the terrorist attacks of September 11, 2001 and the potential
impact of future hostilities, terrorist attacks, infectious disease outbreaks
or other global events that affect travel behavior; adequacy of insurance
coverage; reliance on automated systems and the potential impact of any
failure or disruption of these systems; the potential impact of future
significant operating losses; the Company's ability to obtain and maintain
commercially reasonable terms with vendors and service providers and its
reliance on those vendors and service providers; security-related and
insurance costs; changes in government legislation and regulation; the
Company's ability to use pre-merger NOLs and certain tax attributes;
competitive practices in the industry, including significant fare
restructuring activities, capacity reductions and in-court or out-of-court
restructuring by major airlines and industry consolidation; interruptions or
disruptions in service at one or more of the Company's hub airports; weather
conditions; the impact of fleet concentration and increased maintenance costs
as aircraft age and utilization increases; the Company's ability to maintain
adequate liquidity; the Company's ability to maintain contracts that are
critical to its operations; the Company's fixed obligations and its ability to
obtain and maintain financing for operations, aircraft financing and other
purposes; changes in prevailing interest rates; the Company's ability to
operate pursuant to the terms of its financing facilities (particularly the
financial covenants); the Company's ability to attract and retain customers;
the cyclical nature of the airline industry; economic conditions; and other
risks and uncertainties listed from time to time in the Company's reports to
the Securities and Exchange Commission. There may be other factors not
identified above of which the Company is not currently aware that may affect
matters discussed in the forward-looking statements, and may also cause actual
results to differ materially from those discussed. All forward-looking
statements are based on information currently available to the Company. The
Company assumes no obligation to publicly update or revise any forward-looking
statement to reflect actual results, changes in assumptions or changes in
other factors affecting such estimates. Additional factors that may affect
the future results of the Company are set forth in the section entitled "Risk
Factors" in the Company's Annual Report on Form 10-K/A for the period ended
December 31, 2005, which is available at www.sec.gov and at
http://www.airtran.com.
Additional Information
Subject to future developments, AirTran may file with the United States
Securities and Exchange Commission a registration statement to register the
AirTran shares which would be issued in the proposed transaction and/or a
proxy statement with respect to the proposed transaction. Investors and
security holders are urged to read the registration statement and/or proxy
statement (when and if available) and any other relevant documents filed with
the SEC, as well as any amendments or supplements to those documents, because
they will contain important information. Investors and security holders may
obtain a free copy of the registration statement and/or proxy statement (when
site at www.sec.gov. The registration statement and/or proxy statement (when
and if available) and such other documents may also be obtained free of charge
from AirTran by directing such request to: Richard P. Magurno, Corporate
Secretary, AirTran Holdings, Inc., 9955 AirTran Boulevard, Orlando, Florida
32827.
Media Contact: Tad Hutcheson
tad.hutcheson@airtran.com
678.254.7442
Judy Graham-Weaver
judy.graham-weaver@airtran.com
678.254.7448
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