World Airways Extends Leases on Two MD-11 Freighters

Share Name	Share Symbol	Market	Type
World Air Holdings (MM)	NASDAQ:WLDAE	NASDAQ	Ordinary Share

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World Air Holdings (MM)

NASDAQ:WLDAE

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World Airways Extends Leases on Two MD-11 Freighters

27/02/2006 12:30pm

PR Newswire (US)

World Air (NASDAQ:WLDAE)
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Company Also Signs Contract for DC-10 Cargo Service PEACHTREE CITY, Ga., Feb. 27 /PRNewswire-FirstCall/ -- World Airways, a wholly owned subsidiary of World Air Holdings, Inc. (NASDAQ:WLDA), has extended its leases on two MD-11F cargo aircraft through April and May 2015. The lease agreements with GECAS were scheduled to expire in 2010. "We continue to see high demand for international cargo capacity and we want to ensure that we have the aircraft to meet that demand long-term," said Rob Binns, World Air Holdings chief marketing officer. World Airways also signed an ACMI contract with an international freight forwarder to provide DC-10-30F domestic cargo service through June 30, 2006. "Both World Airways DC-10 freighters are now under contract at least through the middle of 2006," said Binns. "This agreement has an estimated value of $3 million." 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.] First Call Analyst: FCMN Contact: sforsyth@wlda.com 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.worldairways.com/

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WLDAE World Air Holdings (MM)