Midway Airlines Corp. (Midway), incorporated in 1983, is an all-jet aircraft operator serving 26 destinations in 14 states and the District of Columbia from its hub at Raleigh-Durham International Airport (RDU) in North Carolina. Midway organizes its business to attract and retain business travelers by providing frequent non-stop service from RDU to major business destinations, maintaining a high level of service and offering customers the opportunity to accrue benefits in a major airline's frequent flyer program. Although most of the cities it serves are located in the eastern third of the United States, the Company also provides service to Denver, Colorado, and to San Jose, California. In August 2001, the Company filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. In July 2002, the Company announced that it planned to reconfigure its fleet and adjust its business model to take advantage of a business opportunity with USAirways, Inc. As of July 17, 2002, all flight operations were temporarily suspended. The introduction of the CRJs has allowed the Company to increase frequency in several markets without necessarily increasing overall capacity in these markets. The introduction of the 737s has allowed the Company to increase frequency and capacity in several markets at peak times of travel, maximizing its revenue at times of high demand. The Company's commuter partner, Corporate Airlines, provides non-stop turboprop aircraft service to seven cities in North Carolina, South Carolina and Virginia. As of March 27, 2001, the Company operated one of the youngest all-jet fleets in the United States with six 98-seat Fokker F-100s, 24 50-seat Bombardier CL-600 Canadair Regional Jets, six 128-seat Boeing 737-700s and three 120-seat 737s. Midway supplements its service pattern and supports its hub at RDU with feeder service provided through a code share agreement with Corporate Airlines. Corporate Airlines began providing code share services using the Company's code in May 1997, and provides service to seven cities using turboprop aircraft.

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