AirTran Holdings Announces Firm Financing Commitment and Termination Of Tender Offer and Consent Solicitation.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 10, 2000 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. (AMEX AMEX See: American Stock Exchange :AAI AAI American Association of Immunologists. ) today announced that it has received a firm commitment from Boeing Capital Boeing Capital is a subsidiary of The Boeing Company, providing asset-based leasing and lending services. Boeing Capital is made up of two divisions, Aircraft Financial Services and The Space & Defense Financial Services History Services Corporation to provide financing to AirTran that, when consummated and combined with internally generated funds, will be sufficient to retire at scheduled maturity the $150 million of AirTran Holdings' outstanding 10 1/4% Senior notes due April 2001 and the $80 million of AirTran Airways' outstanding 10 1/2% Senior Secured Notes due April 2001 (the "Notes"). In conjunction with this commitment, 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 , a wholly-owned subsidiary of AirTran Holdings, Inc., is terminating the currently outstanding tender offers and consent solicitations for the Notes. These tender offers and consent solicitations were commenced on October 27, 2000. AirTran Airways is not accepting for payment any Notes that have been tendered, and such Notes shall be returned promptly, without expense, to the holders who have tendered such Notes (or, in the case of Notes tendered by book-entry transfer through the DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). , such Notes will be credited to the proper account maintained with the DTC). The Offer Consideration will not be paid or become payable to the holders of any Notes pursuant to the tender offers and consent solicitations with respect to any of the Notes. Questions concerning the termination of the tender offers and consent solicitations may be directed to Jefferies & Company, Inc., the Dealer Manager and Solicitation Agent for the tender offer and consent solicitation, at 310-575-5200 (call collect) or 800-933-6656. Questions may also be addressed to MacKenzie Partners, Inc., the Information Agent for the tender offers and consent solicitations, at 212-929-5500 (call collect) or 800-322-2885. Jefferies & Co., Inc., and Seabury Advisers, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , have acted as financial advisors to AirTran. Systemwide, AirTran Airways operates 294 daily departures to 32 cities. Offering the convenience of easy, same concourse connections in Atlanta, AirTran Airways operates 135 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. . AirTran Airways provides everyday, affordable air travel throughout the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and unlike other airlines, never requires a roundtrip purchase or Saturday night stay. AirTran Airways is the launch customer for the Boeing 717, today's newest, most innovative commercial aircraft. AirTran Airways is a subsidiary of AirTran Holdings, Inc. For more information and reservations, call your travel agent, 800-AIRTRAN (800-247-8726), 770-994-8258 (in Atlanta), or visit the AirTran Airways' website at www.airtran.com. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Statements regarding the Company's future financing activities and financing commitments 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 ability of the Company to satisfy any conditions to such financing activities, consumer demand and acceptance of services offered by the Company, the Company's ability to maintain current cost levels, fare levels and actions by competitors, regulatory matters and general economic conditions. Additional information concerning factors that could cause actual results to differ materially from those in forward looking statements is contained from time to time in the Company's SEC filings, including but not limited to the Company's annual report on Form 10K for the year ending December 31, 1999. The Company disclaims any obligation or duty to update or correct any of its forward-looking statements. |
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