FORM 10-K/A
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

     [X]ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 

                              EXCHANGE ACT OF 1934

                   For the fiscal year ended December 31, 1998

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

     For the transition period from __________________ to___________________

                        Commission file number: 000-23447

                           MIDWAY AIRLINES CORPORATION

             (Exact name of registrant as specified in its charter)

DELAWARE                                                              36-3915637
(State or other jurisdiction of                                 (I.R.S. Employer
incorporation or organization)                               Identification No.)


                        300 WEST MORGAN STREET, SUITE 1200
                           DURHAM, NORTH CAROLINA 27701
                     (Address of principal executive offices)
                                    (Zip Code)
                                   919-956-4800
               (Registrant's telephone number, including area code)

  Securities registered pursuant to Section 12(b) of the Act:

       None                                                       None

(Title of Class)                                           (Names of exchange on
                                                               which registered)

Securities registered pursuant to Section 12(g) of the Act:    Common stock, par
                                                               value $0.01
                                                               (Title of class)

Indicate by checkmark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

              Yes ____X___  No ________

Indicate by checkmark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. 

Aggregate approximate market value of voting stock held by non-affiliates as of
February 19, 1999: $61.2 MILLION

As of February 19, 1999 there were 8,602,395 shares of Common Stock, $.01 par
value, of the registrant outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Document Incorporated                                      Part of Form 10-K
-----------------------------                              -----------------
Proxy Statement for 1999 Annual Meeting of Shareholders    Part III, Items 10-13

<PAGE>

 PART IV

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

  (a)(1)  Financial Statements:

See Item 8 for audited financial statements.

  (a)(2)  Financial Statement Schedules

Schedule II - Valuation and Qualifying Accounts

<TABLE>
<CAPTION>
                                                Additions
                                   Balance at   Charged to   Deductions   Balance
                                   Beginning    Costs and      from      at End of
                                   of Period    Expenses     Reserves     Period
                                   -----------------------------------------------
                                              (dollars in thousands)
<S>                                <C>              <C>          <C>     <C>
Year ended December 31, 1998       $ 1,673          26           75      $ 1,624
  Allowance for doubtful accounts
Year ended December 31, 1997       $    58       2,254          639      $ 1,673
  Allowance for doubtful accounts
Year ended December 31, 1996       $    75         177          194      $    58
  Allowance for doubtful accounts
</TABLE>

Other schedules have been omitted because they are inapplicable, immaterial, or
not required, or the information is included in the audited financial statements
or notes thereto.

  (b) Reports on Form 8-K:

            Date                   Subject
            -----------------      ---------------------------------------------
           
            December 10, 1998      Item 5: Announcement of exercise of options
                                   to purchase three (3) new Canadair Regional
                                   Jet Aircraft and certain contingencies
                                   related to aircraft returns and engines.


  (c) Exhibits:

    The Exhibits filed or incorporated by reference herewith are as specified in
the Exhibit Index.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                          Midway Airlines Corporation
                                          Registrant

March 2, 1999                             By /s/ STEVEN WESTBERG
                                          Steven Westberg
                                          Sr. Vice President and CFO

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report
has been signed below by the following persons on behalf of the registrant and
in the capacities indicated on March 2, 1999.

Signature                                 Capacity

/s/ ROBERT R. FERGUSON, III*              Chairman of the Board of Directors,
----------------------------              President and Chief Executive Officer 
Robert R. Ferguson, III                   (Principal Executive Officer)         
                                          

/s/ STEVEN WESTBERG*                      Senior Vice President and Chief
----------------------------              Financial Officer (Principal Financial
Steven Westberg                           and Accounting Officer)               
                                          

/s/ GREGORY HARDING-BROWN*                Director
----------------------------
Gregory Harding-Brown                     

/s/ W. GREYSON QUARLES*                   Director
----------------------------
W. Greyson Quarles

/s/ GREGORY J. ROBITAILLE*                Director
----------------------------
Gregory J. Robitaille

/s/ HOWARD WOLF*                          Director
----------------------------
Howard Wolf

* Steven Westberg hereby signs on behalf of each of the indicated persons for
whom he is attorney-in-fact pursuant to a Power of Attorney filed herewith.

                                  EXHIBIT INDEX
                           MIDWAY AIRLINES CORPORATION
                           ANNUAL REPORT ON FORM 10-K
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998


                                  EXHIBIT INDEX

  NO.       DESCRIPTION
  ---       -----------
  3.1+      Amended and Restated Certificate of Incorporation.
  3.2+      Amended and Restated By-laws.
  4.1+      Form of Common Stock Certificate.
  4.2+      See Exhibits 3.1 and 3.2 for provisions of the Amended and Restated
            Certificate of Incorporation and Amended and Restated By-laws of
            Midway defining the rights of the holders of Common Stock.
  4.3+++    Form of Trust Indenture and Security Agreement between Midway 
            Airlines Corporation and The First National Bank of Maryland as 
            Indenture Trustee.
  4.4+++    Form of Promissory Note from Midway Airlines Corporation to 
            Canadian Regional Aircraft Finance Transaction No. 1 Limited.
  4.5+      Stockholders Agreement dated February 11, 1997.
  4.6++     Pass Through Trust Agreement, (1A-S), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1A-S) and the issuance
            of 7.14% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1A-S) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class A
            Certificate).
  4.7++     Pass Through Trust Agreement, (1A-O), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1A-O) and the issuance
            of 7.14% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1A-O) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class A
            Certificate).
  4.8++     Pass Through Trust Agreement, (1B-S), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1B-S) and the issuance
            of 8.14% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1B-S) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class B
            Certificate).
  4.9++     Pass Through Trust Agreement, (1B-O), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1B-O) and the issuance
            of 8.14% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1B-O) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class B
            Certificate).
  4.10++    Pass Through Trust Agreement, (1C-S), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1C-S) and the issuance
            of 8.92% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1C-S) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class C
            Certificate).
  4.11++    Pass Through Trust Agreement, (1C-O), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1C-O) and the issuance
            of 8.92% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1C-O) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class C
            Certificate).
  4.12++    Pass Through Trust Agreement, (1D-S), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1D-S) and the issuance
            of 8.86% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1D-S) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class D
            Certificate).
  4.13++    Pass Through Trust Agreement, (1D-O), dated as of August 13, 1998,
            between Midway Airlines Corporation and The First National Bank of
            Maryland, as Trustee, made with respect to the formation of Midway
            Airlines Pass Through Trust, Series 1998-1 (1D-O) and the issuance
            of 8.86% Midway Airlines Corporation Pass Through Trust, Series
            1998-1 (1D-O) Pass Through Certificate representing fractional
            undivided interests in the Trust (including form of Class D
            Certificate).
  4.14++    Note Purchase Agreement, dated as of August 13, 1998, between Midway
            Airlines Corporation and The First Bank of Maryland, as Trustee, The
            First National Bank of Maryland, as Pass Through Trustee under each
            of the Pass Through Trust Agreements, The First National Bank of
            Maryland, as Subordination Agent, First Union Trust Company,
            National Association, as Escrow Agent and The First National Bank of
            Maryland, as Paying Agent.
  4.15++    Deposit Agreement, (Class A), dated as of August 13, 1998, between
            First Union Trust Company, National Association as Escrow Agent and
            First Union National Bank as Depositary.
  4.16++    Deposit Agreement, (Class B), dated as of August 13, 1998, between
            First Union Trust Company, National Association as Escrow Agent and
            First Union National Bank as Depositary.
  4.17++    Deposit Agreement, (Class C), dated as of August 13, 1998, between
            First Union Trust Company, National Association as Escrow Agent and
            First Union National Bank as Depositary.
  4.18++    Deposit Agreement, (Class D), dated as of August 13, 1998, between
            First Union Trust Company, National Association as Escrow Agent and
            First Union National Bank as Depositary.
  4.19++    Irrevocable Revolving Credit Agreement, (Class-A Certificates),
            dated as of August 13, 1998, between The First National Bank of
            Maryland, not in its individual capacity but solely as Subordination
            Agent, as agent and trustee for the Midway Airlines 1998-1A Pass
            Through Trust, as Borrower and ABN AMRO Bank N.V., Chicago Branch as
            Liquidity Provider.
  4.20++    Irrevocable Revolving Credit Agreement, (Class-B Certificates),
            dated as of August 13, 1998, between The First National Bank of
            Maryland, not in its individual capacity but solely as Subordination
            Agent, as agent and trustee for the Midway Airlines 1998-1B Pass
            Through Trust, as Borrower and ABN AMRO Bank N.V., Chicago Branch as
            Liquidity Provider.
  4.21++    Irrevocable Revolving Credit Agreement, (Class-C Certificates),
            dated as of August 13, 1998, between The First National Bank of
            Maryland, not in its individual capacity but solely as Subordination
            Agent, as agent and trustee for the Midway Airlines 1998-1C Pass
            Through Trust, a Borrower and ABN AMRO Bank N.V., Chicago Branch as
            Liquidity Provider.
  4.22++    Intercreditor Agreement, dated as of August 13, 1998 among The First
            National Bank of Maryland, not in its individual capacity but solely
            as Trustee under the Midway Airlines Pass Through Trust 1998-1A,
            Midway Airlines Pass Through Trust 1998-1B, Midway Airlines Pass
            Through 1998-1C and Midway Airlines Pass Through Trust 1998-1D, ABN
            AMRO Bank, N.V. Chicago Branch as Class A Liquidity Provider, Class
            B Liquidity Provider and Class C Liquidity Provider and The First
            National Bank of Maryland not in its individual capacity except as
            expressly set forth herein but solely as Subordination Agent and
            trustee thereunder.
  4.23++    Escrow and Paying Agent Agreement, (Class A), dated as of August 13,
            1998 among First Union Trust Company, National Association as Escrow
            Agent, Morgan Stanley & Co. Incorporated and Credit Suisse First
            Boston Corporation as Initial Purchasers, The First National Bank of
            Maryland not in its individual capacity, but solely as Pass Through
            Trustee for and on behalf of Midway Airlines Pass Through Trust
            1998-Paying Agent.
  4.24++    Escrow and Paying Agent Agreement, (Class B), dated as of August 13,
            1998 among First Union Trust Company, National Association as Escrow
            Agent, Morgan Stanley & Co. Incorporated and Credit Suisse First
            Boston Corporation as Initial Purchasers, The First National Bank of
            Maryland not in its individual capacity, but solely as Pass Through
            Trustee for and on behalf of Midway Airlines Pass Through Trust
            1998-1B-O as Pass Through Trustee and The First National Bank of
            Maryland as Paying Agent.
  4.25++    Escrow and Paying Agent Agreement, (Class C), dated as of August 13,
            1998 among First Union Trust Company, National Association as Escrow
            Agent, Morgan Stanley & Co. Incorporated and Credit Suisse First
            Boston Corporation as Initial Purchasers, The First National Bank of
            Maryland not in its individual capacity, but solely as Pass Through
            Trustee for and on behalf of Midway Airlines Pass Through Trust
            1998-1C-O as Pass Through Trustee and The First National Bank of
            Maryland as Paying Agent.
  4.26++    Escrow and Paying Agent Agreement, (Class D), dated as of August
            13, 1998 among First Union Trust Company, National Association as
            Escrow Agent, Morgan Stanley & Co. Incorporated and Credit Suisse
            First Boston Corporation as Initial Purchasers, The First National
            Bank of Maryland not in its individual capacity, but solely as Pass
            Through Trustee for and on behalf of Midway Airlines Pass Through
            Trust 1998-1D-O as Pass Through Trustee and The First National Bank
            of Maryland as Paying Agent.
  4.27++    Registration Rights Agreement, dated as of August 13, 1998, among
            Midway Airlines Corporation, a Delaware corporation, The First
            National Bank of Maryland, as Trustee under each of the Trust
            Agreements, Morgan Stanley & Co. Incorporated and Credit Suisse
            First Boston Corporation.
  10.1++    See Exhibits 4.3 and 4.4 for Form of Promissory Note and Form of
            Trust Indenture and Security Agreement.
  10.2+++   Midway Airlines Corporation 1997 Stock Option Plan and Form of Stock
            Option Agreement related thereto.
  10.3*+    Aircraft Operating Lease Agreement No. AOLAF-111 dated as of
            November 11, 1993 between First Security Bank of Utah, N.A. ("FSBU")
            and Midway, with amendments attached thereto.
  10.4*+    Aircraft Operating Lease Agreement No. AOLAF-112 dated as of
            November 11, 1993 between FSBU and Midway, with amendments attached
            thereto.
  10.5*+    Aircraft Operating Lease Agreement No. AOLAF-113 dated as of
            November 11, 1993 between FSBU and Midway, with amendments attached
            thereto.
  10.6*+    Aircraft Operating Lease Agreement No. AOLAF-114 dated as of
            November 11, 1993 between FSBU and Midway, with amendments attached
            thereto.
  10.7*+    Aircraft Operating Lease Agreement No. AOLAF-115-A dated as of July
            10, 1995 between Wings Aircraft Finance, Inc. ("Wings") and Midway,
            with amendments attached thereto.
  10.8*+    Aircraft Operating Lease Agreement No. AOLAF-116-A dated as of July
            10, 1995 between Wings and Midway, with amendments attached thereto.
  10.9*+    Aircraft Operating Lease Agreement No. AOLAF-117-A dated as of July
            10, 1995 between Wings and Midway, with amendments attached thereto.
  10.10*+   Aircraft Operating Lease Agreement No. AOLAF-118-A dated as July 10,
            1995 between Wings and Midway, with amendments attached thereto.
  10.11*+   Aircraft Operating Lease Agreement No. AOLAF-135 dated as of July
            20, 1995 between FSBU and Midway, with amendments thereto.
  10.12*+   Aircraft Operating Lease Agreement No. AOLAF-524 dated as August 1,
            1995 between FSBU and Midway, with amendments thereto.
  10.13*+   Aircraft Operating Lease Agreement No. AOLAF-525 dated as of October
            15, 1995 between FSBU and Midway, with attached thereto.
  10.14*+   Aircraft Operating Lease Agreement No. AOLAF-136 dated as of
            December 15, 1995 between FSBU and Midway, with amendments attached
            thereto.
  10.15*+   Aircraft Lease Agreement dated as of May 24, 1995 between Wilmington
            Trust Company and Midway.
  10.16*+   Airbus A-320-200 Purchase Agreement dated as of March 17, 1995
            between AVSA. S.A.R.L. ("AVSA") and Midway with Amendment Nos. 1
            through 6 thereto.
                  Letter Agreement No. 2 Re: Purchase Incentives and
                     Miscellaneous Matters, as amended
                  Letter Agreement No. 3 Re: Option Aircraft, as amended
                  Letter Agreement Re: Financial Matters with Amendment No. 4
                     thereto.
  10.17*+   Agreement of Sublease dated as of January 18, 1995 between American
            Airlines, Inc. ("AA") and Midway, with amendments attached thereto.
  10.18*+   AAdvantage(R) Participating Carrier Agreement dated as of January
            18, 1995 between AA and Midway, with amendments attached thereto.
  10.19*+   Secured Promissory Note dated February 7, 1997 from Midway to AA.
  10.20*+   February 10, 1997 Letter Agreement between American Airlines, Inc.
            and Midway with Exhibits A and C through I thereto.
  10.21*+   Agreement Relating to Repair and Overhaul of Rolls Royce Engines
            dated as of May 10, 1996 between Rolls Royce Aero Engine Services
            Limited and Midway.
  10.22*+   Purchase Agreement between Bombardier Inc. and Midway dated
            September 17, 1997 with Letter Agreements 001 through 011.
  10.23*+   Services and Licenses Agreement between Midway and Airline
            Management Services, Inc. dated as of December 7, 1995 with Annex A
            thereto.
  10.24*+   Letter Agreement dated as of July 1, 1996 between Fokker Services,
            Inc. and Midway.
  10.25     [Intentionally Omitted.]
  10.26+    Warrant to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated February 11, 1997 issued by Midway in favor of AMR
            Corporation.
  10.27     [Intentionally Omitted.]
  10.28*+   General Terms of Sale between IAE International Aero Engines AG and
            Midway dated May 17, 1995 with Side Letter Number 1 and Side Letter
            Number 2 thereto.
  10.29*+   Promissory Note dated February 11, 1997 made by Midway to debis
            AirFinance B.V.
  10.30*+   Promissory Note dated February 11, 1997 made by Midway to Daimler
            Benz Aerospace A.G.
  10.31+    Severance Agreement and Other Matters made as of February 11, 1997
            between Robert R. Ferguson III and Midway.
  10.32+    Employment Agreement dated as of July 15, 1996 between Steven
            Westberg and Midway, with amendments attached thereto.
  10.33+    Employment Agreement dated as of July 15, 1996 between Jonathan S.
            Waller and Midway, with amendments attached thereto.
  10.34     [Intentionally Omitted.]
  10.35     [Intentionally Omitted.]
  10.36+    Option to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated as of February 11, 1997 issued by Midway in favor
            of Robert R. Ferguson III.
  10.37+    Agreement and Plan of Merger dated as of January 17, 1997 by and
            among Midway, GoodAero, Inc., James H. Goodnight, Ph.D, John P. Sall
            and the Zell/Chilmark Fund L.P., with amendments attached thereto.
  10.38     [Intentionally Omitted.]
  10.39*+   Sublease dated June 30, 1995 between Peoples Security Life Insurance
            Company and Midway.
  10.40     [Intentionally Omitted.]
  10.41*+   AAirpass Agreement dated as of March 2, 1995 between American
            Airlines Inc. and Midway.
  10.42*+   Engine Lease Agreement dated September 11, 1997 between RRPF Engine
            Leasing Limited and Midway.
  10.43+    Option to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated as of February 11, 1997 issued by Midway in favor
            of Steven Westberg.
  10.44+    Option to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated as of February 11, 1997 issued by Midway in favor
            of Jonathan S. Waller.
  10.45     [Intentionally Omitted.]
  10.46+    Option to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated as of February 11, 1997 issued by Midway in favor
            of Thomas Duffy, Jr.
  10.47+    Option to Purchase Shares of Common Stock of Midway Airlines
            Corporation dated as of February 11, 1997 issued by Midway in favor
            of David Vance.
  10.48*+   Agreement, executed September and November 1997, between Rolls-Royce
            Canada Limited and Midway.
  10.49++   Purchase Agreement, dated as of August 6, 1998, by and among Midway
            Airlines Corporation, Morgan Stanley & Co. Incorporated and Credit
            Suisse First Boston Corporation.
  10.50++@  Participation Agreement dated as of September 10, 1998 among Midway
            Airlines Corporation as Lessee, NCC Charlie Company as Owner
            Participant, First Union Trust Company, National Association not in
            its individual capacity (except as otherwise expressly set forth
            herein) but solely as Owner Trustee, The First National Bank of
            Maryland as Indenture Trustee, The First National Bank of Maryland
            as Pass-Through Trustee and The First National Bank of Maryland as
            Subordination Agent. Midway Airlines Corporation is a party to five
            additional Participation Agreements which are substantially
            identical in all material respects except as indicated on the
            exhibit.
  10.51++@  Trust Agreement dated as of September 10, 1998 between NCC Charlie
            Company as Owner Participant and First Union Trust Company, National
            Association as Owner Trustee. There are five additional Trust
            Agreements which are substantially identical in all material
            respects except as indicated on the exhibit.
  10.52++@  Trust Indenture and Security Agreement dated as of September 10,
            1998 between First Union Trust Company, National Association not in
            its individual capacity except as expressly provided herein but
            solely as Owner Trustee and The First National Bank of Maryland as
            Indenture Trustee. There are five additional Trust Indenture and
            Security Agreements which are substantially identical in all
            material respects except as indicated on the exhibit.
  10.53++@  Indenture Supplement No. 1 dated as of September 30, 1998 of First
            Union Trust Company, National Association, a national banking
            association, not in its individual capacity but solely as Owner
            Trustee. There are five additional Indenture Supplements No. 1 which
            are substantially identical in all material respects except as
            indicated on the exhibit.
  10.54*++@ Lease Agreement dated as of September 10, 1998 between First Union
            Trust Company, National Association as Owner Trustee and Lessor and
            Midway Airlines Corporation as Lessee. Midway Airlines Corporation
            is a party to five additional Leases which are substantially
            identical in all material respects except as indicated on the
            exhibit.
  10.55++@  Lease Supplement No. 1 dated as of September 10, 1998 between First
            Union Trust Company, National Association not in its individual
            capacity but solely as Owner Trustee except as otherwise provided
            therein, the Lessor and Midway Airlines Corporation, as Lessee.
            Midway Airlines Corporation is a party to five additional Lease
            Supplements No. 1 which are substantially identical in all material
            respects except as indicated on the exhibit.
  10.56++@  Purchase Agreement Assignment and Aircraft Manufacturer's Consent
            dated as of September 10, 1998 between Midway Airlines Corporation
            as Assignor and First Union Trust Company, National Association as
            Assignee. Midway Airlines Corporation is a party to five additional
            Purchase Agreement Assignment and Aircraft Manufacturer's Consents
            which are substantially identical in all material respects except as
            indicated on the exhibit.
  10.57++@  Engine Warranty Assignment and Engine Manufacturer's Consent dated
            as of September 10, 1998 between Midway Airlines Corporation, First
            Union Trust Company, National Association not in its individual
            capacity but solely as Owner Trustee and General Electric Company.
            Midway Airlines Corporation is a party to five additional Engine
            Warranty Assignment and Engine Manufacturer's Consents which are
            substantially identical in all material respects except as indicated
            on the exhibit.
  10.58++   General Terms Agreement between General Electric Company and Midway
            Airlines Corporation.
  10.59++   Concourse Lakeside Lease Agreement by and between Concourse Lakeside
            I, LLC, as Landlord, and Midway Airlines Corporation, as Tenant.
  24.1      Powers of Attorney of Certain Officers and Directors of the Company.
  27        Financial Data Schedule.

-------
  *         Portions have been omitted pursuant to a request for confidential
            treatment. The confidential portions have been separately filed with
            the Securities and Exchange Commission.
  +         Filed as Exhibit to Form S-1, Registration No. 333-37375, effective
            December 4, 1997, incorporated herein by reference.
  ++        Filed as Exhibit to the Company's Quarterly Report on Form 10-Q for
            the quarter ended September 30, 1998.
  +++       Filed as Exhibit to the Company's Annual Report on Form 10-K for the
            fiscal year ended December 31, 1997.
  @         Exhibit containing differences filed herewith.