World Airways to Operate Boeing 747-400 Freighter for Jade Cargo International

Sep 13, 2010, 15:46 ET from Global Aviation Holdings Inc.

PEACHTREE CITY, Ga., Sept. 13 /PRNewswire/ -- World Airways, a subsidiary of Global Aviation Holdings Inc., has signed a one-year agreement with Jade Cargo International to operate one Boeing 747-400 aircraft on a full-time basis for air cargo service beginning in October 2010. Subject to final government approvals, the aircraft will connect the Chinese industrial centers Shanghai and Yantai with Chicago in the United States. The three weekly flights will then continue to Amsterdam and return to Shanghai on a "round-the-world" flight pattern.

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"World Airways is proud to become a service provider for Jade Cargo, a well known, quality cargo carrier, and we look forward to a strong business relationship," said Brian Bauer, chief commercial officer for Global Aviation Holdings.

World recently announced a significant increase in cargo fleet capacity with the addition of two Boeing 747-400 freighters, which will bring World's 747-400 fleet to four aircraft, in addition to nine MD-11 freighters.

Jade Cargo International Company Ltd. was founded in October 2004 as a joint venture between Shenzhen Airlines (51%), Lufthansa Cargo AG (25%) and the German development finance institute DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH (24%). The company's headquarters are located in Shenzhen (SZX), China. Jade started flight operations in August 2006.

World Airways, a subsidiary of Global Aviation 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 Airways operates a fleet of wide-body aircraft to meet the specialized needs of its customers.

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SOURCE Global Aviation Holdings Inc.