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Midway Opens Stock Options to the Public

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CEO and President of Midway Airlines, Robert Ferguson
MORRISVILLE — The age of puddle-jumping and multi-legged flights may be coming to an endin the Triangle. Durham-based Midway Airlines went public Friday. Themoney will be used to expand service.

Never underestimate the advantage of having an airline based in your town.Because when the airline grows, usually the options available to travelersgrow as well. And that's just what's expected to happen now that MidwayAirlines is selling its shares to the public.

To most Midway passengers, the fact that you can now buy the company'sstock is more a curiosity than anything else. That's until you hear whatthe Durham based airline plans to do with the money it has raised with thepublic stock offering.

"What will happen is we're gonna increase our fleet size by about 40%,"Midway CEO Robert Ferguson explains, "which will give us an opportunity toserve the current markets which we participate in, but also a whole seriesof new markets."

A couple of Midway passengers WRAL spoke with say more flights to moredestinations suits them just fine.

When you put things in that context, the stock sale has a little moreimpact. But this big step for Midway does not signal its arrival as a bigleague airline. It plans to remain a regional carrier.

Mum's the word on where most of the new jets will go from RDU. And forthose of you who follow the markets, Midway finished up Friday at 16 7/8. It started trading at 15.50 a share. The airline is on the NASDAQexchange under the symbol MDWY.

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