SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 23, 2003
Atlantic Coast Airlines Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21976 13-3621051
(State or (Commission (IRS
Other File Employer
Jurisdiction Number) Identification
of No.)
Incorporation)
45200 Business Court, Dulles, VA 20166
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:(703)650-6000
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 9. Regulation FD Disclosure.
On May 23, 2003, Atlantic Coast Airlines Holdings, Inc.
(ACA) (NASDAQ/NM: ACAI) issued a news release concerning
negotiations with United Airlines, Inc. (See Exhibit 99
attached).
Statements in this press release and by company executives
regarding its relationship with United Airlines, Inc. and
regarding projections and expectations of future aircraft
deliveries, availability of financing, future payments by
United, operations, earnings, revenues and costs represent
forward-looking information. A number of risks and
uncertainties exist which could cause actual results to
differ materially from these projected results. Such
factors include, among others: the extent to which the
company accepts regional jet deliveries under its agreement
with Bombardier, and its ability to delay deliveries or to
settle arrangements with Bombardier regarding undelivered
aircraft; United's decision to elect either to affirm all of
the terms of the company's United Express Agreement, or to
reject the agreement in its entirety, the timing of such
decision, any efforts by United to negotiate changes prior
to making a decision on whether to affirm or reject the
contract, the ability and timing of agreeing upon rates with
United, the company's ability to collect pre-petition
obligations from United or to offset pre-petition
obligations due to United, the company's ability to collect
post-petition amounts it believes are due from United for
rate adjustments and United's ability to successfully
reorganize and emerge from bankruptcy; the continued
financial health of Delta Air Lines, Inc.; changes in levels
of service agreed to by the company with its code-share
partners due to market conditions, and willingness of
finance parties to continue to finance aircraft in light of
the United situation and of market conditions generally, the
ability of these partners to manage their operations and
cash flow, and ability and willingness of these partners to
continue to deploy the company's aircraft and to utilize and
pay for scheduled service at agreed upon rates; availability
and cost of product support for the company's 328JET
aircraft; whether the company is able to recover or realize
on its claims against Fairchild Dornier in its insolvency
proceedings and unexpected costs arising from the
insolvency of Fairchild Dornier; general economic and
industry conditions; additional acts of war; and risks and
uncertainties arising from the events of September 11, the
impact of the outbreak of Severe Acute Respiratory Syndrome
on travel and from the slow economy which may impact the
company, its code-share partners, and aircraft manufacturers
in ways that the company is not currently able to predict.
These and other factors are more fully disclosed under "Risk
Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in ACAI's
Annual Report on Form 10-K for the year ended December 31,
2002 and in its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2003. These statements are made as
of May 23, 2003 and ACA undertakes no obligation to update
any such forward-looking information, whether as a result of
new information, future events, changed expectations or
otherwise.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has caused this current report to be
signed on its behalf by the undersigned hereunto duly
authorized.
ATLANTIC COAST AIRLINES
HOLDINGS, INC.
Date: May 23, 2003 By: /S/ David Asai
David Asai
Vice President, Chief
Accounting Officer