AirTran Defers 18 Boeing Deliveries

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AirTran Airways Defers 18 Boeing Aircraft Deliveries
PR Newswire
May 30, 2008: 12:53 PM EST

ORLANDO, Fla., May 30 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), announced today that it will defer 18 Boeing 737-700 aircraft originally scheduled for delivery between 2009 through 2011 to 2013 through 2014.

"As we stated during our first quarter earnings call, as a result of continuing record high fuel costs, we are reducing planned growth for September, 2008, through at least 2009 from 10 percent to no more than flat. This transaction will accomplish a substantial portion of that plan," said Bob Fornaro, AirTran Airways’ President and CEO. "We appreciate the support of Boeing in this action as a part of their commitment to our long-term success."

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