Document:

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                                                                   Exhibit 10.32

                              SIDE LETTER AGREEMENT
                           TO LEASE AGREEMENT [N296SK]

                          Dated as of December 20, 2001

     Reference is made to Participation Agreement [N296SK], dated as of December
20, 2001 (the "Participation Agreement"), among Chautauqua Airlines, Inc. (the
"Lessee"), Silvermine River Finance Two, Inc. ("Silvermine") and Wells Fargo
Bank Northwest, National Association, as Owner Trustee (the "Owner Trustee") and
acknowledged by Solitair Corp. Capitalized terms used and not defined herein
shall be given the meanings assigned in the Participation Agreement.

     Reference is made to Section 9 of the Lease and the parties hereto agree
that:

     1. This Letter Agreement shall be an Operative Agreement;

     2. So long as Silvermine (or an Affiliate of GECC (including for avoidance
of doubt, Silvermine)) is the Owner Participant, if, after the date of the
Lease, the Owner Participant shall change its policy relating to the minimum
amount of liability insurance coverage or war risk and allied perils liability
and hull insurance with respect to regional jet passenger aircraft with standard
manufacturer seating capacity of at least 35 seats operated by a U.S. regional
jet air carrier such that, under a new lease transaction entered into after the
date of the Lease by the Owner Participant as equity investor or lessor, the
Owner Participant will generally permit the documentation for any such new lease
transaction with respect to a regional jet passenger aircraft with standard
manufacturer seating capacity of at least 35 seats operated by a U.S. regional
jet air carrier to require (x) as to liability insurance (or war risks and
allied perils liability insurance), an amount of liability insurance (or war
risks and allied perils liability insurance) less than that required under
Section 9 of the Lease or (y) as to war risks and allied perils liability and
hull insurance, a form of coverage or scope of risk covered that is less
stringent than that required under Section 9 of the Lease, the Owner Participant
shall, upon written request by Lessee, (1) describe such change in writing to
Lessee and (2) cause the Lessor to amend Section 9 of the Lease to reduce the
amount of liability insurance (or war risk and allied perils liability
insurance, or both, as the case may be) or modify the form or scope of coverage
(as to war risks and allied perils liability or hull insurance) required of
Lessee under Section 9 of the Lease to such lesser amount or less stringent form
or scope of coverage; and

     3. Silvermine hereby confirms that the agreement stated in this Letter
Agreement is for the benefit of the Lessee and its successors and permitted
transferees and assigns.

                            [SIGNATURE PAGE FOLLOWS]

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          IN WITNESS WHEREOF, the parties have caused this Side Letter Agreement
to be executed by their respective, duly authorized officers as of the day and
year first written above.

                                       CHAUTAUQUA AIRLINES, INC.,
                                       as Lessee

                                       By: /s/ Robert H. Cooper
                                           -------------------------------------
                                           Name:  Robert H. Cooper
                                           Title: Vice-President

                                       SILVERMINE RIVER FINANCE TWO, INC.,
                                       as Owner Participation

                                       By: /s/ Norman Liu
                                           -------------------------------------
                                           Name:  Norman Liu
                                           Title: Vice President

                                       WELLS FARGO BANK NORTHWEST, NATIONAL
                                       ASSOCIATION, not in its individual
                                       capacity, except as otherwise expressly
                                       provided herein but solely as Owner
                                       Trustee

                                       By: /s/ Brett R. King
                                           -------------------------------------
                                           Name:  Brett R. King

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NOTE TO EXHIBIT 10.32

The 12 additional Side Letter Agreements to the Lease Agreement are
substantially identical in all material respects to the filed Side Letter
Agreement to the Lease Agreement except as follows:

<Table>
<Caption>

------------------------------------- ----------------------------------- -----------------------------------
            TAIL NUMBER                          CLOSING DATE                     OWNER-PARTICIPANT

------------------------------------- ----------------------------------- -----------------------------------
<S>                                   <C>                                 <C>
N289SK                                July, 2001                          General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N290SK                                July, 2001                          General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N291SK                                August, 2001                        General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N292SK                                August, 2001                        General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N293SK                                September, 2001                     General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N294SK                                September, 2001                     General Electric Capital Corp.
------------------------------------- ----------------------------------- -----------------------------------
N295SK                                November, 2001                      Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------
N297SK                                November, 2001                      Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------
N298SK                                October, 2001                       Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------
N299SK                                November, 2001                      Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------
N370SK                                November, 2001                      Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------
N371SK                                November, 2001                      Silvermine River Finance Two, Inc.
------------------------------------- ----------------------------------- -----------------------------------

------------------------------------- ----------------------------------- -----------------------------------

------------------------------------- ----------------------------------- -----------------------------------

------------------------------------- ----------------------------------- -----------------------------------

------------------------------------- ----------------------------------- -----------------------------------

------------------------------------- ----------------------------------- -----------------------------------
</Table>

                                           Title: Vice President<Page>

                                                                  Exhibit 10.33

                                 LEASE AGREEMENT

                   CHAUTAUQUA AIRLINES INC. DBA\USAIR EXPRESS

     THIS LEASE AGREEMENT made and entered into this 17th day of June, 1994, by
and between the Indianapolis Airport Authority (hereinafter called "AUTHORITY"),
a municipal corporation in the State of Indiana, with offices at Indianapolis
International Airport Indianapolis, Indiana, and Chautauqua Airlines, Inc.
dba\USAir Express, (hereinafter called "LESSEE"),

                                   WITNESSETH

     In consideration of promises made herein AUTHORITY and LESSEE agree on the
following terms and conditions.

     1.   LEASED PREMISES

          The "Leased Premises" as used in this Lease shall consist of 8,253.5
          square feet of space located on the third floor of the Administration
          Building at Indianapolis International Airport and more particularly
          shown on Exhibit "A" dated July 15, 1994, attached hereto and made a
          part of this Lease.

     2.   TERM

          The term of this Lease shall be six (6) years commencing July 1, 1994,
          and expiring June 30, 2000.

               In the event LESSEE shall continue to occupy the Leased Premises
          beyond the Lease term or any extension thereof without AUTHORITY's
          written renewal thereof, such holding over shall not constitute a
          renewal or extension of this Lease, but shall create a tenancy from
          month to month which may be terminated at any time by AUTHORITY or
          LESSEE by giving thirty (30) days written notice to the other party.

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     3.   RENTAL

          A.   LEASED PREMISES

               As rental for the use of said Leased Premises and appurtenances
               thereto, LESSEE agrees to pay per annum in accordance with the
               following rental schedule, payable in advance in twelve (12)
               equal payments on the first day of each calendar month.

               RENTAL SCHEDULE

               9/16/94 THRU 6/30/95 - 8,253.5 sq.ft. x $4.50 p.s.f. = $37,140.75
               per year, payable at $3,095.07 per month

               7/1/95 THRU 6/30/96 - 8,253.5 sq.ft. x $5.00 p.s.f. = $41,267.50
               per year, payable at $3,438.96 per month

               7/1/96 THRU 6/30/97 - $,253.5 sq.ft. x $7.00 p.s.f. = $57,774.50
               per year, payable at $4,814.55 per month

               7/1/97 THRU 6/30/2000 - 8,253.5 sq.ft. x $13.00 p.s.f.=
               $107,295.50 per year, payable at $8,941.30 per month

                    The parties agree that no rental shall be due AUTHORITY
               during the initial construction phase but shall commence on the
               date of occupancy or September 16, 1994, whichever comes first.

                    Any partial month of rent shall be prorated. Said rent shall
               be payable at the office of the AUTHORITY or such other place as
               AUTHORITY may from time to time designate.

          B.   REIMBURSEMENT OF CONSTRUCTION COSTS

               The parties hereby acknowledge that AUTHORITY shall contract
               through the public bid process for renovation of the Leased
               Premises and AUTHORITY hereby agrees to pay a maximum of one
               Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) for said
               construction costs.

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                    LESSEE hereby agrees to reimburse AUTHORITY for the
               construction costs in seventy-two (72) equal payments of Two
               Thousand Five Hundred Fifty-seven and 00/100 Dollars ($2,557.00)
               each, which will be invoiced separately from rental, commencing
               July 1, 1994. If LESSEE or AUTHORITY, for any reason whatsoever,
               terminates this Lease Agreement prior to the June 30, 2000,
               expiration date of this Lease, LESSEE hereby agrees to pay
               AUTHORITY the total remaining unpaid balance due for the
               construction costs reimbursement upon presentation of invoice by
               AUTHORITY. [ILLEGIBLE]

     4.   PURPOSE

          LESSEE shall use the Leased Premises for office space for
          administrative functions of LESSEE and for no other purpose.

     5.   ACCEPTANCE AND IMPROVEMENTS

          The parties hereby agree that AUTHORITY will accept public bids for
          the renovation of the Leased Premises and will pay said construction
          costs up to One Hundred Fifty Thousand and 00/100 Dollars
          ($150,000.00). Any further improvements to the Leased Premises shall
          be made by LESSEE at LESSEE's expense. LESSEE shall submit to
          AUTHORITY, its plans and specifications for any proposed improvements
          to obtain a work permit as well as complying with such other
          conditions required by AUTHORITY. LESSEE shall provide to AUTHORITY a
          written certification of improvement costs paid by LESSEE within sixty
          (60) days following completion of construction.

     6.   MAINTENANCE

          AUTHORITY agrees to furnish reasonable heat, electricity,

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          water and air conditioning. LESSEE agrees to keep the Leased Premises
          in a neat, clean and sanitary condition, and LESSEE shall provide
          janitorial services required by it to maintain the interior of the
          Leased Premises.

     7.   ALTERATIONS

          All fixtures, carpeting and other improvements attached to the
          building shall become the property of AUTHORITY upon installation,
          subject to LESSEE's leasehold rights. All non-attached personal
          property, trade fixtures and equipment shall remain the property of
          LESSEE.

     8.   INDEMNITY

          LESSEE agrees to indemnify fully, and save and hold AUTHORITY harmless
          from and against all claims and actions and all expenses incidental to
          the investigation and defense thereof, based on or arising out of
          damages or injuries to third persons or their property, caused by the
          fault or negligence of LESSEE, provided, however, that LESSEE shall
          not be liable for any injury or damage or loss occasioned by the
          negligence of AUTHORITY, its agents or employees, and provided further
          that AUTHORITY shall give LESSEE prompt and reasonable notice of any
          such claims or actions, and LESSEE shall have the right to
          investigate, compromise and defend the same. LESSEE agrees to carry
          and keep in force, with a company suitable to AUTHORITY, public
          liability insurance covering personal injury and property damage and
          such other insurance as may be necessary to protect AUTHORITY herein
          from such claims and actions aforesaid. Without limiting its liability
          as foresaid, LESSEE agrees to carry and keep in force such

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          insurance with single limit of liability for personal injury and
          property damage in a sum not less than $1,000,000.00 for any one
          accident and to furnish AUTHORITY with proper certificate that such
          insurance is in force designating the AUTHORITY as an additional
          insured.

     9.   FIRE INSURANCE

          LESSEE may, at its option, maintain fire and extended coverage
          insurance upon its property. In the event the Leased Premises are
          partially or totally damaged or destroyed by fire or other casualty
          and the Leased Premises can be repaired or rebuilt within sixty (60)
          days of the date of such occurrence, this Lease shall remain in full
          force and effect, and AUTHORITY shall promptly repair such damage at
          its own expense, but there shall be a proportionate abatement of rent
          for so much of the Leased Premises as may be untenantable during the
          period of repair or restoration. If AUTHORITY shall determine that
          said Leased Premises has been so damaged that it cannot be repaired or
          restored within the limit of time above specified, AUTHORITY may
          notify LESSEE of the termination of the Lease Agreement and release
          LESSEE from any further liability for the payment of rent from and
          after the date of such occurrence of loss. If the loss is caused by
          LESSEE or its invitees, LESSEE shall restore the Leased Premises to
          the condition immediately before such loss at LESSEE's expense, and
          the rent shall not abate.

     10.  TAXES

          LESSEE shall pay all personal property taxes which may be accessed
          against furnishings or other personal property belonging to LESSEE
          located on the Leased Premises.

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     11.  ASSIGNMENT

          This Lease shall not be assigned, nor the premises sublet or occupied
          by others, without written consent of AUTHORITY.

     12.  TERMINATION OF LEASE

          A.   TERMINATION BY LESSEE

               LESSEE, in addition to all other rights at law or in equity, may
               terminate this Lease and terminate its obligations hereunder at
               any time that LESSEE is not in default in the payment of rentals
               to AUTHORITY and all reimbursement of construction costs have
               been paid by LESSEE to AUTHORITY. LESSEE shall provide to
               AUTHORITY sixty (60) days advance written notice of said
               termination, to be served as hereinafter provided, and by
               surrender of the Leased Premises, upon or after the happening of
               any one of the following events:

               1.   The issuance by any court of competent jurisdiction of an
                    injunction or order, or the enactment of any law, ordinance
                    or regulation or other act of a governmental body that in
                    any way prevents or restrains the use of the Airport, so as
                    to substantially affect LESSEE's use of the Airport;

               2.   The default by AUTHORITY in the performance of any covenant
                    or agreement herein required to be performed by AUTHORITY,
                    and the failure of AUTHORITY to undertake and be continuing
                    to remedy such default for a period of sixty (60) days after
                    receipt from LESSEE of written notice to remedy the same;
                    provided, however, that no notice of termination, as above
                    provided, shall be of any force or effect if AUTHORITY shall
                    have remedied the default prior to receipt of LESSEE's
                    notice of termination; and,

               3.   The assumption by the United States Government of any
                    authorized agency thereof of the operation, control, or use
                    of the Airport and facilities, or

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                    any substantial part or parts thereof, in a manner as
                    substantially to restrict LESSEE for a period of at least
                    thirty (30) days from full use of its Leased Premises, and
                    in that event, just and proportionate part of the rent
                    hereunder shall be abated.

          B.   TERMINATION BY AUTHORITY

               AUTHORITY, in addition to all other rights at law or in equity,
               may declare this Lease terminated in its entirety, subject to and
               in the manner provided in Paragraph A above, upon or after the
               happening of any one or more of the following events, and may
               exercise all rights of entry and re-entry upon the Leased
               Premises:

               1.   The failure to pay all installments of rent and construction
                    costs reimbursement when due (with interest) within thirty
                    (30) days after receipt by LESSEE of written notice to pay
                    such rent;

               2.   The filing of LESSEE of a voluntary petition in bankruptcy
                    or the making of any assignment of all or any part of
                    LESSEE's assets for benefit of creditors;

               3.   The adjudication of LESSEE as a bankrupt pursuant to any
                    involuntary bankruptcy proceedings;

               4.   The taking by a court of competent jurisdiction of LESSEE or
                    its assets pursuant to proceedings brought under the
                    provisions of any federal reorganization act;

               5.   The appointment of a receiver or a trustee of LESSEE's
                    assets by a court of competent jurisdiction and the failure
                    of LESSEE to dismiss the same within ninety (90) days or a
                    voluntary agreement with LESSEE's creditors;

               6.   The breach by LESSEE of any of the covenants or agreement
                    herein contained, and the failure of LESSEE to take
                    appropriate action to remedy such breach within thirty (30)
                    days after receipt by LESSEE of written notice from
                    AUTHORITY; and

               7.   The abandonment of the Leased Premises.

                                        7
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     13.  AUTHORITY'S RIGHT OF ENTRY

          AUTHORITY reserves the right to enter upon the Leased Premises to
          examine the same and make such repairs, alterations or additions as it
          may deem necessary for the safety, improvement or preservation of said
          building but at such times not to interfere unreasonably with LESSEE'S
          use of Leased Premises.

     14.  QUIET POSSESSION

          AUTHORITY covenants that LESSEE, upon pay paying the rental herein
          provided and performing all of the covenants of this Lease to be
          performed by it, shall have quiet possession of the premises during
          the term hereof and any extension term.

     l5.  USE OF COMMON FACILITIES

          LESSEE shall have the right of ingress to and egress from said Leased
          Premises for LESSEE, its officers, employees, agents, customers,
          suppliers, patrons and invitees and shall enjoy the same, in common
          with others authorized so to do, of said airport terminal and
          appurtenances.

     16.  NON-DISCRIMINATION

          LESSEE for itself, its personal representatives, successors in
          interest, and assigns, as a part of the consideration hereof, does
          hereby covenant and agree that (1) no person on the grounds or race,
          color, or national origin shall be excluded form participation in,
          denied the benefits of, or be otherwise subjected to discrimination in
          the use of said facilities, (2) that in the construction of any
          improvements on, over, or under such land and the furnishing of
          services thereon, no person on the grounds of race, color, or national

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          origin shall be excluded from participation in, denied the benefits
          of, or otherwise be subject to discrimination, (3) that the LESSEE
          shall use the premises in compliance with all other requirements
          imposed by or pursuant to Title 49, Code of Federal Regulations,
          Department of Transportation, Subtitle A, Office of the Secretary,
          Part 21, Nondiscrimination in Federally-assisted programs of the
          Department of Transportation-Effectuation of Title VI of the Civil
          Rights Act of 1964, and as said Regulations may be amended.

     17.  AFFIRMATIVE ACTION

          The LESSEE assures that it will undertake an affirmative action
          program as required by 14 CFR Part 152, Subpart E, to insure that no
          person shall on the grounds of race, creed, color, national origin, or
          sex be excluded from participating in any employment activities
          covered in 14 CFR Part 152, Subpart E. The LESSEE assures that no
          person shall be excluded on these grounds from participating in or
          receiving the services of benefits of any program or activity covered
          by this subpart. The LESSEE assures that it will require that its
          covered suborganizations provide assurances to the LESSEE that they
          similarly will undertake affirmative action programs and that they
          will require assurances from their suborganizations, as required by 14
          CFR Part 152, Subpart E, to the same effect.

     18.  SIGNS

          LESSEE shall have the right to place its name in a dignified manner
          outside the entrance to said premises. The location

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          and form of all signs will be subject to the prior approval of
          AUTHORITY, which approval will not be unreasonably withheld.

     19.  PARAGRAPH HEADINGS

          The paragraph headings are inserted only as a matter of convenience in
          reference, and in no way define, limit or describe the scope or intent
          of any paragraph of this Lease.

     20.  NOTICE

          whenever any notice or payment is required by this Lease to be made,
          given or transmitted to the parties hereto, such notice or payment
          shall be deemed to have been given if enclosed in an envelope with
          sufficient postage attached to insure delivery and deposited in the
          United States mail, addressed to:

          AUTHORITY....................Executive Director
                                       Indianapolis Airport Authority
                                       Indianapolis International Airport
                                       Box 100, 2500 S. High School Rd.
                                       Indianapolis, IN 46241

          LESSEE.......................Chautauqua Airlines, Inc.
                                       Box 160, 2500 S. High School Rd.
                                       Indianapolis, IN 46241

          or such other place as either party shall in writing designate in the
          manner herein provided.

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     IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the date first above mentioned at Indianapolis Indiana.

                                       INDIANAPOLIS AIRPORT AUTHORITY

                                       By /s/ Michael W. Wells
                                          --------------------------------------
                                          Michael W. Wells, President

                                       By /s/ Gordon St. Angelo
                                          --------------------------------------
                                          Gordon St. Angelo, Vice President

                                       By /s/ Betty J. Johnson
                                          --------------------------------------
                                          Betty J. Johnson, Secretary

                                       By /s/ Lawrence A. O'Connor
                                          --------------------------------------
                                          Lawrence A. O'Connor, Jr., Member

                                       By /s/ Murvin S. Enders
                                          --------------------------------------
                                          Murvin S. Enders, Member

                                                      AUTHORITY

CHAUTAUQUA AIRLINES, INC.

By /s/ [ILLEGIBLE]
   ---------------------------
Title Vice President
      ------------------------

              LESSEE

Attachment: Exhibit "A" - Leased Premises

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