AirTran Holdings, Inc., Extends Midwest Tender Offer

ORLANDO, Fla. (June 11, 2007) – AirTran Holdings, Inc. (NYSE: AAI), the parent of AirTran Airways, today announced that the company is extending its latest tender offer of $15 per share of Midwest Air Group (Amex: MEH) until 12:00 Midnight EDT on August 10, 2007.

As of the close of business on June 8, 2007, shareholders have agreed to tender more than 14.6 million shares of Midwest to Galena Acquisition Corp., a wholly owned subsidiary of AirTran, which represents 59.5 percent of all outstanding shares of Midwest Air Group, or 64.1 percent of outstanding shares that are not held by the Midwest board or management.

“We are gratified by the response we are receiving from Midwest’s shareholders regarding both the tender offer and the slate of directors that we have nominated for the Midwest Board,” said Joe Leonard, AirTran Airways’ chairman and chief executive officer. “Based on the support we have heard from Midwest shareholders and other observers, they want a new set of eyes and a fresh, independent voice inside the Midwest boardroom so that the AirTran offer can get a full and fair hearing. We are dismayed that the Midwest board continues to ignore shareholders’ calls for the company to explore the merits of the AirTran offer and in their recent communication regarding the election of directors made it clear that the incumbent board is “convinced” that their standalone plan is the only route they will pursue and that shareholders should use their proxy vote to show their support for the board and the standalone plan.

“That is why we urge the Midwest shareholders to heed the advice of such independent corporate governance experts as Institutional Shareholder Services, Glass Lewis & Co., and CtW Investment Group and vote the BLUE proxy card for the election of John Albertine, Jeffrey Erickson and Charles Kalmbach at the June 14, 2007, Midwest Annual Shareholders Meeting. Doing so will send a strong message to Midwest’s current Board and management that the owners of the company are not satisfied with Midwest’s standalone plan, which has no clear path to implementation, no near-term reward and questionable financial projections. It is past time for changing the dynamics inside the Midwest boardroom.”

“Extending our tender offer until August 10th provides time for the Board election to be certified and enables the newly reconstituted board to undertake a comprehensive evaluation of the merits of the AirTran offer. In the meantime, we would encourage Midwest shareholders to tender their shares to continue to send the clear message that they would like Midwest to meet with AirTran and sign a definitive merger agreement in order to create a truly national low-cost carrier for the benefit of all Midwest shareholders, employees and customers.”

On April 2, 2007, AirTran increased its buyout offer for Midwest Air Group to $15 per share for all of the Midwest shares, a total of $389 million. The offer, at such valuation, represents a premium of 83 percent over the 30-day average closing price of Midwest common stock prior to when AirTran made its initial proposal. AirTran’s first offer to acquire all of Midwest’s common stock was priced at $11.25 per share on October 20, 2006. The offer, at such valuation, also represents an approximately 65 percent premium over the closing price of Midwest stock on December 12, 2006, the day before AirTran disclosed its initial October 20, 2006, offer. As a result of Midwest management’s continued refusal to take necessary steps to achieve a combination of companies, the original expiration date of the tender offer has been extended to terminate on August 10, 2007.

Midwest shareholders who have questions about how to tender their shares may call AirTran’s proxy solicitor, Innisfree M&A Incorporated, toll-free at 877-456-3422. (Banks and Brokers may call collect at 212-750-5833).

About AirTran Airways
AirTran Airways, a Fortune 1000 company and one of America’s largest low-fare airlines with more than 8,600 friendly, professional Crew Members, operates more than 700 daily flights to 56 destinations. The airline’s hub is at Hartsfield-Jackson Atlanta International Airport, where it is the second largest carrier. AirTran Airways’ aircraft features the fuel-efficient Boeing 737-700 and 717-200 to create America’s youngest all-Boeing fleet. The airline is also the first carrier to install XM Satellite Radio on a commercial aircraft and the only airline with Business Class and XM Satellite Radio on every flight. For reservations or more information, visit (America Online Keyword: AirTran).