AirTran Pursues Midwest, Expands Service

AirTran Airways on Thursday released several announcements regarding service and its bid for Midwest Air Group. AirTran Holdings, the carrier's parent company, announced an exchange offer for all outstanding shares of Midwest Air for $13.25 per share, based on the closing price of AirTran common stock on January 8. The total equity value of the offer is $345 million. AirTran in a statement said that both carriers' shareholders would benefit by accepting the offer. "Namely, a combined AirTran and Midwest will materially expand service to Milwaukee and the other communities that [Midwest] presently [serves] and the new company will provide an overall net increase in jobs and bring added job security and growth opportunities to [Midwest's] employees," Joseph B. Leonard, chairman and CEO of AirTran, said in a letter to Midwest's board of directors. Meanwhile, AirTran announced new services in Newburgh, NY and Daytona Beach, FL. Daily nonstop service from Daytona Beach International Airport began on Thursday, as did service to 52 destinations from Stewart International Airport in Newburgh to such places as Atlanta, Tampa, Orlando and Ft. Lauderdale, FL. Visit [www.airtran.com].

Read more on:

Suggested Articles:

While 32 percent of Americans say they "definitely" will fly again in 2020, another 35 percent are on the fence. Learn more here.

The Rwanda Development Board has announced that commercial flights will once again be welcomed back into the country starting August 1, 2020. 

Airlines for America members are implementing health acknowledgment policies and procedures for passengers to help prevent the spread of COVID-19.