AirTran Holdings Files Registration Statement in Connection with Previously Issued 7 Percent Convertible Notes due 2003.

Business Editors/Travel Writers

ORLANDO, Fla.--(BUSINESS WIRE)--July 28, 2003

In connection with the May 2003 private offering of 7 percent Convertible Notes due 2023, AirTran Holdings, Inc. (NYSE:AAI), and its wholly owned subsidiary, AirTran Airways, Inc., today filed a Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC). The Registration Statement was filed in satisfaction of certain registration rights granted to the selling security holders.

When declared effective by the SEC, the Registration Statement will be available for use by the selling security holders to resell the previously issued $125 million principal amount 7% Convertible Notes due 2023, and the common shares that can be issued upon conversion of these notes.

Neither AirTran Holdings nor AirTran Airways will receive any proceeds from any resale of the convertible notes by the selling security holders or the common stock that can be issued upon conversion of the notes. The Registration Statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the preliminary prospectus relating to the offering of the convertible notes and the common stock that can be issued upon conversion of the convertible notes may be obtained by submitting a written request to: AirTran Holdings, Inc., Investor Relations, 9955 AirTran Boulevard, Orlando, Florida, 32827

AirTran Airways is one of America's largest low-fare airlines - employing more than 5,400 professional Crew Members and serving 492 flights a day to 43 destinations. The airline's hub is at Hartsfield Atlanta International Airport, the world's busiest airport (by passenger volume), where it is the second largest carrier operating 189 flights a day. The airline never requires a roundtrip purchase or Saturday night stay, and offers an affordable Business Class, assigned seating, easy online booking and check-in, the A-Plus Rewards frequent flier program, and the A2B corporate travel program. AirTran Airways, a subsidiary of AirTran Holdings, Inc., (NYSE:AAI), is the world's largest operator of the Boeing 717, the most modern, environmentally friendly aircraft in its class. In 2004, the company will begin taking delivery of 100 Boeing 737-700s, one of the most popular and reliable jet aircraft in its class. For more information and reservations, visit http://airtran.com (America Online Keyword: AirTran), call AirTran Airways at 800-AIRTRAN (800-247-8726) or 770-994-8258 (in Atlanta) or your travel agent.

Editor's Note: Statements regarding our operational and financial success, business model, ability to return value to investors, and our ability to maintain or improve our low costs 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, consumer demand and acceptance of services offered by us, our 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 the forward-looking statements is contained from time to time in our SEC filings, including but not limited to our annual report on Form 10-K for the year ended December 31, 2002. We disclaim any obligation or duty to update or correct any of our forward-looking statements.