0000899140-05-000044.txt : 20120703
0000899140-05-000044.hdr.sgml : 20120703
20050121140852
ACCESSION NUMBER: 0000899140-05-000044
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050121
DATE AS OF CHANGE: 20050121
GROUP MEMBERS: S.A.C. CAPITAL ASSOCIATES, LLC
GROUP MEMBERS: S.A.C. CAPITAL MANAGEMENT, LLC
GROUP MEMBERS: STEVEN A. COHEN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: FLYI INC
CENTRAL INDEX KEY: 0000904020
STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512]
IRS NUMBER: 133621051
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-51399
FILM NUMBER: 05541032
BUSINESS ADDRESS:
STREET 1: 45200 BUSINESS COURT
CITY: DULLES
STATE: VA
ZIP: 20166
BUSINESS PHONE: 7036506000
MAIL ADDRESS:
STREET 1: 45200 BUSINESS COURT
CITY: DULLES
STATE: VA
ZIP: 20166
FORMER COMPANY:
FORMER CONFORMED NAME: ATLANTIC COAST AIRLINES HOLDINGS INC
DATE OF NAME CHANGE: 19980514
FORMER COMPANY:
FORMER CONFORMED NAME: ATLANTIC COAST AIRLINES INC
DATE OF NAME CHANGE: 19930507
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SAC CAPITAL ADVISORS LLC
CENTRAL INDEX KEY: 0001018103
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 72 CUMMINGS POINT ROAD
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: 2036142000
MAIL ADDRESS:
STREET 1: 72 CUMMINGS POINT ROAD
CITY: STAMFORD
STATE: CT
ZIP: 06902
SC 13G
1
s2752734.txt
INITIAL FILING ON SCHEDULE 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
FLYi, Inc.
----------
(Name of Issuer)
Common Stock, $0.02 Par Value Per Share
---------------------------------------
(Title of Class of Securities)
292475209
---------
(CUSIP Number)
January 11, 2005
----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9
------------------------------- ----------------------------
CUSIP No. 292475209 13G Page 2 of 9 Pages
---------------------- ----------------------------
------------------------------- ----------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------------------------------------------------------------------
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 3,392,000 (see Item 4)
BENEFICIALLY ---------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH REPORTING
PERSON WITH 0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 9
------------------------------- ----------------------------
CUSIP No. 292475209 13G Page 3 of 9 Pages
---------------------- ----------------------------
------------------------------- ----------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 3,392,000 (see Item 4)
BENEFICIALLY ------ ----------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 9
------------------------------- ----------------------------
CUSIP No. 292475209 13G Page 4 of 9 Pages
---------------------- ----------------------------
------------------------------- ----------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,392,000 (see Item 4)
OWNED BY EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 9
------------------------------- ----------------------------
CUSIP No. 292475209 13G Page 5 of 9 Pages
---------------------- ----------------------------
------------------------------- ----------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ---------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,392,000 (see Item 4)
OWNED BY ------ ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,392,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 9
Item 1(a) Name of Issuer:
---------------
FLYi, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
45200 Business Court
Dulles, Virginia 20166
Items 2(a) Name of Person Filing:
----------------------
This statement is filed by: (i) S.A.C. Capital Advisors,
LLC, ("SAC Capital Advisors") with respect to shares
of common stock, $0.02 par value per share ("Shares")
of the Issuer beneficially owned by S.A.C. Capital
Associates, LLC ("SAC Capital Associates"); (ii) S.A.C.
Capital Management, LLC, ("SAC Capital Management") with
respect to Shares beneficially owned by SAC Capital
Associates; (iii) SAC Capital Associates with respect to
Shares beneficially owned by it; and (iv) Steven A. Cohen
with respect to Shares beneficially owned by SAC Capital
Advisors, SAC Capital Management and SAC Capital Associates.
Item 2(b) Address of Principal Business Office:
-------------------------------------
The address of the principal business office of (i) SAC
Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
Stamford, Connecticut 06902, (ii) SAC Capital Management is
540 Madison Avenue, New York, New York 10022, and (iii) SAC
Capital Associates is P.O. Box 58, Victoria House, The
Valley, Anguilla, British West Indies.
Item 2(c) Citizenship:
------------
SAC Capital Advisors and SAC Capital Management are
Delaware limited liability companies. SAC Capital Associates
is Anguillan limited liability companies. Mr. Cohen is a
United States citizen.
Item 2(d) Title of Class of Securities:
-----------------------------
Common Stock, par value $0.02 per share
Item 2(e) CUSIP Number:
-------------
292475209
Item 3 Not Applicable
Page 6 of 9
Item 4 Ownership:
----------
The percentages used herein are calculated based upon
the Shares issued and outstanding as of November 5, 2004, as
reported on the Issuer's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission by the Issuer
for the quarterly period ended September 30, 2004.
As of the close of business on January 20, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 3,392,000
(b) Percent of class: 7.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,392,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,392,000
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 3,392,000
(b) Percent of class: 7.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,392,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,392,000
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 3,392,000
(b) Percent of class: 7.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,392,000
(see Item 4)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,392,000.
4. Steven A. Cohen
(a) Amount beneficially owned: 3,392,000
(b) Percent of class: 7.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,392,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,392,000
SAC Capital Advisors, SAC Capital Management, and Mr.
Cohen own directly no Shares or securities convertible into
Shares. Pursuant to investment agreements, each of SAC
Capital Advisors
Page 7 of 9
and SAC Capital Management share all investment and
voting power with respect to the securities held by SAC
Capital Associates. Mr. Cohen controls both SAC Capital
Advisors and SAC Capital Management. By reason of the
provisions of Rule 13d-3 of the Securities Exchange Act of
1934, as amended, each of SAC Advisors, SAC Management and
Mr. Cohen may be deemed to own beneficially 3,392,000
(constituting approximately 7.5% of the Shares outstanding).
Each of SAC Capital Advisors, SAC Capital Management and Mr.
Cohen disclaim beneficial ownership of any of the securities
covered by this statement.
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the
class of securities, check the following.
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
------------------------------------------------------------
Not Applicable
Item 7 Identification and Classification of the
----------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
------------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
---------------------------------------------
of the Group:
-------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Item 10 Certification:
--------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 21, 2005
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 9 of 9