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CONQUEST AIRLINES CORP. SIGNS LETTER OF INTENT TO RAISE $4 MILLION IN EQUITY OFFERING

 AUSTIN, Texas, Jan. 7 /PRNewswire/ -- Conquest Airlines Corp. (NASDAQ: CAIR), a regional airline serving Texas and Arkansas, announced today that it has signed a letter of intent to offer a total of $4 million in equity units comprising common stock and warrants.
 Proceeds of the offering will be used to fund the company's expansion plans and increase working capital.
 Conquest Airlines Corp. currently operates some 1900 flights per month serving 11 cities in Texas and Arkansas with six Fairchild Metro III 19-seat aircraft.
 -0- 1/7/93
 /CONTACT: Victor M. Rivas, chairman and CEO of Conquest Airlines, 512-929-6706/
 (CAIR)


CO: Conquest Airlines Corp. ST: Texas IN: AIR SU:

TS -- NY046 -- 2608 01/07/93 11:15 EST
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Publication:PR Newswire
Date:Jan 7, 1993
Words:117
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