World Air Holdings to Lease Additional Boeing 767-300ER for North American Airlines
20 December 2005 - 12:02AM
PR Newswire (US)
Company Also Extends Lease on One Boeing 757-200ER PEACHTREE CITY,
Ga., Dec. 19 /PRNewswire-FirstCall/ -- World Air Holdings, Inc.
(NASDAQ:WLDAE), parent company of World Airways and North American
Airlines, has signed a letter of intent to lease an additional
Boeing 767- 300ER passenger aircraft for delivery to North American
in December 2006. The initial lease will be for three years. The
high-density, high gross-weight aircraft will be North American's
fifth Boeing 767, and will increase North American's fleet total to
10 aircraft. As previously announced, the airline will receive its
fourth Boeing 767 in March 2006. World Air Holdings also signed a
two-year extension for a Boeing 757-200ER lease that was scheduled
to expire in May 2006, continuing the lease for North American
until May 2008. World Air Holdings has three wholly owned
subsidiaries, World Airways, Inc., North American Airlines, Inc.,
and World Risk Solutions, Ltd. World Airways is a charter passenger
and cargo airline founded in 1948, North American is a charter and
scheduled passenger airline founded in 1989, and World Risk
Solutions is an insurance subsidiary established in 2004. For
additional information, visit http://www.worldairholdings.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.]
DATASOURCE: World Air Holdings, Inc. CONTACT: MEDIA, Steve Forsyth,
+1-770-632-8322, or INVESTORS, Janice Kuntz, +1-404-352-2841, both
of World Air Holdings, Inc. Web site:
http://www.worldairholdings.com/
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