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AIRTRAN ANNOUNCES PAYMENT DELAY

 MINNEAPOLIS/ST. PAUL, July 26 /PRNewswire/ -- After making a 5.9 million dollar delayed payment to Mesaba Airlines on July 21, Northwest Airlines missed a scheduled 5.2 million dollar payment due July 26, 1993. The payments are required under the Airline Services Agreement between Northwest and Mesaba, a wholly owned subsidiary of AirTran Corporation (NASDAQ: ATCC). Under the Airline Services Agreement, substantially all of Mesaba's revenues are collected by Northwest and remitted to Mesaba on a semi-monthly basis based on traffic reports. The agreement provides for a 10-day grace period from the date the payment is due. Northwest has provided Mesaba written notice of its intent to pay all amounts that were due as of July 26 on or before Aug. 5, 1993, the expiration of the 10-day grace period.
 Mesaba is a regional airline providing scheduled passenger service to 47 cities in metropolitan areas in Minnesota, Iowa, Nebraska, North Dakota, South Dakota, Indiana, Wisconsin, Illinois, Michigan, Ohio, New York, Pennsylvania, Kentucky, Virginia, West Virginia and the province of Ontario, Canada, under the name "Mesaba/Northwest Airlink." Mesaba currently offers a total of approximately 2,300 scheduled departures per week and has a route system with scheduled service totalling approximately 259,000 per week. Currently, approximately 81 percent of all Mesaba's passengers connect with Northwest flights either at Minneapolis/St. Paul or Detroit.
 -0- 7/26/93
 /CONTACT: John S. Fredericksen, vice president-general counsel of AirTran Corporation, 612-726-5151, ext. 351/
 (ATCC)


CO: AirTran Corporation; Mesaba Aviation; Northwest Airlines ST: Minnesota IN: AIR SU:

TJ -- MN025 -- 5937 07/26/93 18:02 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:263
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