Exhibit 99
For Immediate Release                  Contact:  Rick DeLisi
June 14, 2004             Director, Corporate Communications
Page 1 of 1                                   (703) 650-6019

   Atlantic Coast Airlines Holdings, Inc./Independence Air
            Chief Financial Officer to Present at
       Merrill Lynch Global Transportation Conference

Dulles,  VA,  (June  14,  2004) -  Atlantic  Coast  Airlines
Holdings, Inc. (NASDAQ/NM: ACAI) and Independence Air  Chief
Financial  Officer Richard Surratt will make a  presentation
to investors and financial analysts during the Merrill Lynch
Global Transportation Conference to be held in New York. The
company's presentation is scheduled to take place Wednesday,
June 16, 2004, at 4:55pm.

The  sponsors  will be presenting the audio portion  of  the
conference as a live webcast, which can be accessed via  the
following address:

              http://www.wsw.com/webcast/ml25/

To  access  the webcast, listeners will need to register  in
advance, and select the appropriate player for their system.

In   addition,  the  slides  that  accompany  the  company's
presentation  will be available in the "For Investors  HOME"
section of the Atlantic Coast Airlines website:

                    www.atlanticcoast.com

Starting  June  16th and continuing throughout  the  summer,
Independence  Air will be launching a schedule  of  low-fare
flights from Washington Dulles International Airport  to  35
destinations up and down the East Coast and to the  Midwest.
By  summer's end, the airline will offer 600 daily  flights,
including 300 departures from Dulles, making it the  largest
low-fare hub in America.

Parent  company  Atlantic  Coast  Airlines  Holdings,   Inc.
(Nasdaq: ACAI) is based in Dulles, VA and employs over 4,100
aviation  professionals.   Later this  summer,  the  company
plans  to  change  its name to FLYi, Inc.,  and  its  ticker
symbol to FLYI.


                            # # #

Independence Air, the "i" logo mark, FLYi.com  and  Go  Your
Own Way are service marks of Atlantic Coast Airlines.  cACA,
2004