SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 28,
2000
Atlantic Coast Airlines Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21976 13-3621051
(State or (Commission (IRS
Other File Employer
Jurisdiction Number) Identificati
of on No.)
Incorporatio
n)
515-A Shaw Road, Dulles, VA 20166
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (703) 925-
6000
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 9.
On November 28, 2000 Atlantic Coast Airlines Holdings, Inc.,
parent of Atlantic Coast Airlines/United Express (ACA) announced
it has reached agreement with United Airlines on a new 10-year
contract that increases the total number of regional jets it will
operate within the United Express program, and amends the
financial relationship between the two companies. In addition,
Atlantic Coast Airlines Holdings, Inc. held a telephone
conference call featuring a live webcast with the financial
investment community. The webcast is available for rebroadcast
until Thursday November 30 at 5:00 EST at the Company's website
(http://www.atlanticcoast.com) in the "For Investors" section.
Highlights of the conference call:
Number of regional jets approved for the United Express operation
increased from 46 to 108 by the end of 2003.
Financial structure of the relationship between ACA and United
will change from a pro-rate contract to a fee-per-departure
arrangement.
The Atlantic Coast Board of Directors authorized the company to
repurchase up to $20 million of its outstanding shares, in
addition to approximately $1.8 million remaining from the stock
repurchase program authorized in April, 1999 by the Board.
The company announced that it currently forecasts earnings for
calendar year 2001 in the range of $2.00 to $2.25 per share. The
company also reaffirmed its guidance for fourth quarter 2000
earnings, which it expects to be between 45 and 53 cents per
share before any special charges for the early removal from
service of the remaining 21 leased J32 turboprop aircraft.
Statements in this filing regarding projections and expectations
of future earnings, revenues and costs represent forward-looking
information. A number of risks and uncertainties exist which
could cause actual results to differ materially from these
projected results. Such factors include, among others, unexpected
costs or delays in the continuing implementation of new service,
adverse weather conditions, the ability to hire and retain
employees, and satisfactory resolution of amendable union
contracts. These factors are more fully disclosed under the
Company's "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in ACAI's Annual Report on
Form 10-K for the year ended December 31, 1999 and its Quarterly
Report on Form 10-Q for the period ended September 30, 2000.
Atlantic Coast undertakes no obligation to update any of the
forward-looking information included in this release, whether as
a result of new information, future events, changed expectations
or otherwise.
A copy of the text from the press release of November 28, 2000 is
filed herewith as Exhibit 99.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this current report to be signed
on its behalf by the undersigned hereunto duly authorized.
ATLANTIC COAST AIRLINES HOLDINGS,
INC.
Date: November 28, 2000 By: /S/ Richard J. Surratt
Title: Senior Vice President
Finance and CFO
