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PEACHTREE CITY, Ga. (May 21, 2007) World Airways, a wholly owned subsidiary of World Air Holdings, Inc. (OTC:WLDA.PK), has signed a one-year ACMI contract extension with Air Canada for international cargo service between Toronto, Canada and Frankfurt, Germany beginning July 1, 2007. Under the agreement, which is valued at $22.5 million, World Airways will continue to operate one MD-11F freighter aircraft for Air Canada .
Air Canada is a leader in the airline industry, and we are proud to support their international cargo operation for a third consecutive year, said Rob Binns, chief marketing officer for World Air Holdings.
We are delighted to continue to offer an excellent MD-11F main-deck freighter service on the Toronto-Frankfurt and Toronto-Halifax-Vitoria-Frankfurt routes through our continuing relationship with our World Airways partners, said Claude Morin, president and CEO, Air Canada Cargo. It is another tangible way for us to demonstrate to our customers our commitment to Cargo, he said.
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 cargo and passenger 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 www.worldairways.com.
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