Wednesday, September 1, 2010

AirTran Airways and City of Atlanta Agree to Seven-Year Lease

/PRNewswire/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI) , and the city of Atlanta yesterday announced the completion of a seven-year master lease agreement for facilities at Hartsfield-Jackson Atlanta International Airport. Specific terms of the deal were not disclosed.

AirTran Airways, based in Orlando, Fla., operates the world's largest low-cost carrier hub at Hartsfield-Jackson and has a considerable economic impact on the city, state and region. The low-cost carrier is the 25th largest employer in Atlanta and employs more than 6,000 Crew Members in the state.

"Finalizing our long-term lease with the city of Atlanta brings economic certainty to the airline and sets the platform for future growth," said Bob Fornaro, AirTran Airways' chairman, president and chief executive officer. "This agreement is good for the city, AirTran Airways and fans of low fares around the nation."

The carrier is the second largest airline at the world's busiest airport serving dozens of destinations around the country and throughout the Caribbean.

"AirTran Airways plays an important role at Hartsfield-Jackson Atlanta International Airport for the residents, business leaders and visitors to our City," said Mayor Kasim Reed. "In addition, AirTran is deeply involved in the community. This agreement between the City of Atlanta and AirTran Airways is a strong example of how a robust public/private partnership can spur economic growth and prosperity for the Atlanta region."

AirTran Airways has a major presence in the metro Atlanta area. In addition to flight operations at the airport, the airline also operates pilot and flight attendant bases, a maintenance hangar and base, two reservations centers, marketing and sales, security offices and corporate and flight training centers in the area. AirTran Airways is also a proud sponsor of the Atlanta Falcons, flying a specially-designed Boeing 717, Falcons 1, in honor of this unique partnership with the city and the team.

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