[MIDWAY AIRLINES LOGO]
FOR IMMEDIATE RELEASE Media Contact:
Robert R. Ferguson III
President & C.E.O.
(919) 595-6003
Midway Airlines to Acquire Two More
Boeing 737 Aircraft; Releases Options on Regional Jets
RALEIGH-DURHAM, N.C. - October 10, 2000 - Midway Airlines Corporation
(the "Company") (NASDAQ: MDWY) announced today that it has entered into term
sheets to lease two (2) additional newly manufactured Boeing 737-700 aircraft.
The aircraft are scheduled for delivery in January 2001 and July 2001 and will
be equipped with CFM56-7B22 engines. The lease of these two aircraft will
increase the number of aircraft in the Company's planned 737 fleet to 22, three
of which have been delivered and are now being operated by the Company.
The Company also announced that it has released the options it had to
purchase fourteen additional Canadair Regional Jets. The Company is currently
operating a fleet of 23 Canadair Regional Jets and has three more of these
aircraft on firm order for delivery in 2001.
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As a full-service carrier, Midway Airlines and its commuter partner
operate 244 daily non-stop flights between their hub at Raleigh-Durham
International Airport and 26 destinations in 15 states.
The comments made in this release regarding future events are
"forward-looking statements." Such statements involve risks and uncertainties
that could cause actual events or results to differ from those contained in the
forward-looking statements. A discussion of such risks and uncertainties is
provided in the Company's 1999 report on form 10K.
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