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COMAIR HOLDINGS COMPLETES PUBLIC OFFERING AND ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION

 CINCINNATI, March 5 /PRNewswire/ -- Comair Holdings, Inc., (NASDAQ/NMS: COMR), the parent corporation of COMAIR, Inc., the Cincinnati and Orlando-based "Delta Connection" airline, today announced that an over-allotment option covering 250,000 shares of its common stock was exercised by the underwriters, Alex. Brown & Sons Incorporated and Kidder, Peabody & Co. Incorporated, in connection with its previously completed public offering. The exercise of this option increases the number of shares of common stock sold in the public offering to 2,000,000 and the net proceeds to approximately $49.7 million. All shares sold in the offering were sold by the company. The company intends to use the net proceeds to finance a portion of the costs of acquiring the Canadair Regional Jets and related spare parts and support equipment and, to a lesser extent, the costs related to the new terminal facilities at the Cincinnati/Northern Kentucky International Airport.
 COMAIR is one of the largest regional airlines in the U.S., employing more than 2,200 aviation professionals. The company operates 69 state-of-the-art aircraft to 63 cities in 19 states and three countries.
 -0- 3/5/93R
 /CONTACT: Gloria M. Weber, director, corporate communications, Comair Holdings, Inc., 606-525-2550/
 (COMR)


CO: Comair Holdings, Inc. ST: Ohio IN: AIR SU: OFR

KK -- CL011R -- 3505 03/05/93 14:18 EST
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Publication:PR Newswire
Date:Mar 5, 1993
Words:218
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