AirTran Airways Retires Final Boeing 737; Fleet Simplification Will Strengthen Ongoing Cost Reduction Efforts.Business Editors/Travel Writers ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 5, 2001 AirTran Holdings AirTran Holdings (NYSE: AAI) is a Nevada corporation that operates as an airline holding company. Its primary asset is AirTran Airways. History After the large amount of negative publicity surrounding the Flight 592 incident, ValuJet Airlines suffered serious , Inc. (NYSE NYSE See: New York Stock Exchange :AAI AAI American Association of Immunologists. ), parent of AirTran Airways AirTran Airways is a low-cost airline that is a Delaware corporation with headquarters in Orlando, Florida, USA and is a subsidiary of AirTran Holdings. AirTran operates over 750 daily flights throughout the eastern USA and the Midwest, including over 270 daily departures from , Inc., today announced the retirement of its final Boeing 737 as part of an ongoing company effort to increase efficiency and reduce costs. The final 737-200 was officially retired last weekend on a flight from the airline's hub at Hartsfield Atlanta International Airport to Orlando. AirTran Airways now operates two fleet types - the DC-9 and the Boeing 717-200, which it launched in October 1999. AirTran Airways is the only post-deregulation new entrant airline to launch a new airplane type. AirTran Airways' 25th 717 will be received before the end of September, and 30 717s - more than half the total fleet - will be operating by year-end 2001. AirTran Airways will receive at least 53 717s by 2003 and has options and purchase rights for 47 additional 717s available to be exercised through 2005. "Our companywide efforts to reduce costs in areas such as spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. inventories, cockpit and cabin crew training, aircraft scheduling and record-keeping will be enhanced by this fleet simplification and modernization project," said Robert Fornaro, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "The 737 served us well, and our growing fleet of 717 aircraft should serve us, and our customers, even better." Systemwide, AirTran Airways operates 324 daily departures to 34 cities. Offering the convenience of easy, same concourse connections in Atlanta, AirTran Airways operates 147 daily departures from Hartsfield Atlanta International Airport, the world's busiest airport World's busiest airport is a claim that is fiercely fought over by the owners of the world's largest airports. The definition of "busiest" is debated as well, with claims being staked on the basis of aircraft operations, cargo traffic or total passengers. . Forward Looking Statement: The Press Release contains certain statements that should be regarded as forward looking statements. Statements regarding the Company's efforts to increase efficiency and reduce costs, fleet plans, and the future performance of the Boeing 717 aircraft are forward-looking statements and are not historical facts. Instead, they are estimates or projections involving numerous risks or uncertainties, including but not limited to, the Company's ability to maintain current cost levels, acceptance of services offered by the Company, commodity prices, actions by competitors, regulatory matters and general economic conditions. The Company disclaims any obligation to update or correct any of its forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's SEC filings, including but not limited to the company's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000. Copies of this filing may be obtained by contacting the Company or the SEC. |
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