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Law Office of Brodsky & Smith, LLC announces investigation of AirTran Holdings, Inc.

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28-Sep-2010 Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of AirTran Holdings, Inc. (“AirTran” or the “Company) (NYSE: AAI), the parent company of AirTran Airways, related to the Company’s agreement to be acquired by Southwest Airlines Co. (“Southwest”).

The proposed cash-and-stock transaction is valued at approximately $1.37 billion. Under the cash and stock deal, AirTran shareholders will receive approximately $7.69 per share.

"Company) (NYSE: AAI), the parent company of AirTran Airways, related to the Company's agreement to be acquired by Southwest Airlines Co. ("Southwest"

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the AirTran board's approval of the proposed transaction, including whether the Board failed to adequately shop the Company and whether the proposed transaction undervalues AirTran shares. To that point, according to Yahoo! Finance, at least one analyst has set a price of $11.00 per share for the stock.

If you own shares of AirTran and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.