DULLES, Va., Oct. 7 /PRNewswire-FirstCall/ -- Low-fare airlineIndependence Air (Nasdaq: FLYI) 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) formore than seven years, serving as its Vice President, Controller and AssistantSecretary 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 RenoAir. 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."

SOURCE Independence Air

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