New CFO for Independence

Low-fare airline
Independence Air
announced today that David Asai has been
appointed to the position of Chief Financial Officer, effective immediately.Mr. Asai has been with Independence Air (and Atlantic Coast Airlines) for
more than seven years, serving as its Vice President, Controller and Assistant
Secretary since January 1998.  He has been actively involved in leading the
finance activities at the company and led the company’s Sarbanes-Oxley
internal control compliance effort last year.  Before joining the company, Mr.
Asai served as Vice President, Controller and Chief Accounting Officer of Reno
Air.  Prior to that, he was Vice President Finance and Chief Financial Officer
of Spirit Airlines.  Mr. Asai is a Certified Public Accountant.
  Independence Air Chairman and CEO Kerry Skeen said, “I have worked closely
with David for many years and am confident he is the right person to take over
responsibility as the CFO.  His strong accounting and finance background make
him the ideal candidate for the job.”
  Richard Surratt, the company’s current Chief Financial Officer, has
resigned in order to pursue other opportunities. Mr. Surratt has agreed to
remain with the company until October 28, 2005 in order to ensure a smooth
transition.
  Mr. Skeen continued, “I would like to thank Richard for his contributions
to the company over the past six years.  He has been a valuable part of our
team and we wish him the best in his pursuit of new challenges and
opportunities.”
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