World Airways Signs DC-10 Cargo Contract With Ethiopian Airlines
Posted on: Thursday, 28 December 2006, 15:00 CST
PEACHTREE CITY, Ga., Dec. 28 /PRNewswire-FirstCall/ -- World Airways, a wholly owned subsidiary of World Air Holdings, Inc. , has signed a contract with Ethiopian Airlines to provide DC-10-30F cargo service between Addis Ababa, Ethiopia and Brussels, Belgium beginning in January 2007. The contract, valued at an estimated $6.8 million, will provide two DC-10 freighters, one for five months and one for three months.
"World Airways will operate these freighters primarily to transport perishables," said Rob Binns, World Air Holdings chief marketing officer. "We are pleased to be working with Ethiopian, which is one of the top airlines of its size and has been rated the best airline in Africa several times."
World Airways, a wholly owned subsidiary of World Air Holdings, Inc., is a U.S.-certificated air carrier providing customized transportation services for major international passenger and cargo carriers, international freight forwarders, the United States military and international leisure tour operators. Founded in 1948, World operates a fleet of 17 wide-body aircraft to meet the specialized needs of its customers. For information, visit http://www.worldairways.com/.
["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request). These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.]
World Air Holdings, Inc.
CONTACT: Media, Steve Forsyth of World Air Holdings, Inc.,+1-770-632-8322; or Investors, Janice Kuntz, +1-404-352-2841, for World AirHoldings, Inc.
Web site: http://www.worldairways.com/
Source: PRNewswire-FirstCall
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