SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (date of earliest event June 19, 1996
reported):
ATLANTIC COAST AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21976 13-3621051
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
1 Export Drive, Sterling VA 20164
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 406-
6500
Not Applicable
(Former name or former address, if changed since last report)
Registrant hereby incorporates by reference in the report on Form
8-K the following Exhibits:
Exhibit Description of Exhibits
Number
1 Press Release dated June 19, 1996 regarding Atlantic
Coast Airlines, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
1934, the registrant has duly caused this report on Form 8-K to
be signed on its behalf by the undersigned, thereunto duly
authorized.
ATLANTIC COAST AIRLINES, INC.
a Delaware corporation
By: /s/ JAMES B. GLENNON
Name: James B. Glennon
Title: Senior Vice President,
Chief Financial Officer,
Treasurer, Assistant Secretary
and Director
Dated this 25th day of June, 1996.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
EXHIBITS
to
FORM 8-K
under
THE SECURITIES EXCHANGE ACT OF 1934
_______________
Atlantic Coast Airlines, Inc.
(Exact name of registrant as specified in its charter)
INDEX TO EXHIBITS
Exhibit Description of Exhibits
Number
1 Press Release dated June 19, 1996 regarding Atlantic
Coast Airlines, Inc.
Exhibit 1
For Immediate Release Contact: Barron Beneski
June 19, 1996 Public Relations
Page 1 of 2 (703) 406-6500
ATLANTIC COAST AIRLINES AND AERO INTERNATIONAL (REGIONAL)
AGREE TO REVISED JETSTREAM 41 CONTRACT
Sterling, Virginia - Atlantic Coast Airlines (NASDAQ/NMS:
ACAI) ("ACA"), the United Express carrier in the Eastern
United States, today announced that it has reached agreement
with Aero International (Regional) ("AI(R)") to allow ACA's
existing qualified order for nine Jetstream 41 (J-41)
aircraft to convert to options without penalty. The
original acquisition agreement provided the ability to
cancel the order under certain conditions. ACA stated that
today's agreement reflects circumstances that did not exist
at the time of the original order, including the
availability of a limited number of used J-41 aircraft and
more favorable aircraft financing alternatives. ACA has
entered into negotiations with AI(R) regarding revised
acquisition terms for new J-41s, and with British Aerospace
subsidiary JSX Capital Corporation for the possible
acquisition of used J-41 aircraft.
"ACA and AI(R) agreed that it would be in our mutual best
interest to recognize current market conditions in our
discussions on new aircraft acquisitions," said ACA's chief
executive officer Kerry Skeen. "ACA remains delighted with
the excellent performance of the J-41 aircraft. Today's
agreement allows ACA to continue its business strategy while
giving us more flexibility with future fleet decisions."
ACA was the North American launch customer for the J-41 and
currently operates a fleet that includes twenty-seven J-41s.
AI(R) is the recently formed regional aircraft marketing and
support company equally owned by British Aerospace,
Aerospatiale and Alenia.
ACA is headquartered in Sterling, Virginia and employs over
1,200 aviation professionals, most of whom are based in the
Northern Virginia area. The company operates its hub at
Washington Dulles International Airport, where it offers
nearly 200 departures every business day. From Washington
Dulles, ACA serves 40 cities in 16 states with non-stop
service. Its route system spans the East Coast from Maine
to South Carolina and as far west as Ohio. The average age
of ACA's fleet is approximately 4.1 years.
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