INDIANAPOLIS—(BUSINESS WIRE)—Jan. 24, 2003—ATA Holdings Corp., parent company of ATA (American Trans Air, Inc.)(Nasdaq:ATAH), the nation`s 10th largest passenger airline, today announced that Charles T. Cleaver has been named Vice President and Treasurer.

“Charley brings over 25 years of aviation experience that will prove invaluable to the Company as we confront the many challenges still facing this impetuous and turbulent industry,” said George Mikelsons, ATA Chairman and Chief Executive Officer. “He is fully prepared to step into this leadership role, and I am confident that he will continue to serve the Company well.”

Cleaver`s appointment as Vice President at ATA follows an extensive and accomplished career in aviation, most recently as Director of Aircraft Programs. He was instrumental in obtaining financing for 27 Boeing 757 and 40 737-800 aircraft, and played a key role in initiating ATA`s fleet restructuring program which resulted in significant cost savings for the Company. Additionally, he negotiated 38 new and used aircraft acquisitions, initiated interim and permanent financing for ATA`s $1.9 billion aircraft order, while overseeing the re-fleeting of ATA`s commuter subsidiary, ATA Connection (Chicago Express Airlines, Inc.).

Before joining ATA in 1996, Cleaver served as Treasurer and Sales Finance Director for International Aero Engines AG, a five-nation commercial jet engine manufacturer. He also served as Director-Sales Finance for Fairchild Aircraft, a regional aircraft manufacturer.

A graduate of Vanderbilt University in Nashville, Tenn., he completed his graduate studies earning a M.B.A. from the University of Texas at Austin.

Cleaver has a son, Stewart, and a daughter, Grace.

Now celebrating its 30th year of operation, ATA is the nation`s 10th largest passenger carrier based on revenue passenger miles. ATA operates significant scheduled service from Chicago-Midway and Indianapolis to over 40 business and vacation destinations. For more information about the Company, visit the website at www.ata.com

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