Sasquatch

PEACHTREE CITY, Ga., Dec. 12 /PRNewswire-FirstCall/ -- World Air Holdings,
Inc. (Nasdaq: WLDAE), parent company of World Airways and North American
Airlines, today announced it has signed a letter of intent to lease three
Boeing 747-400 Special Freighter aircraft, contingent upon approval by the
lessor's board of directors. The aircraft will be converted from passenger
configuration to freighters prior to delivery, with the first aircraft
scheduled to be delivered in June of 2008. Additional deliveries are planned
in November 2008 and May 2009.
"This is a significant milestone for our company, as we have been looking
for some time to expand our product offering in the growing air cargo market,"
said Jeff MacKinney, World Air Holdings president. "We believe the 747-400
freighter is, and will continue to be, a vital component of the international
air freight market, particularly to and from markets in Asia. These aircraft
will allow us to continue to build our ACMI cargo business, where we have seen
solid growth and new long-term contracts with our existing MD-11 freighter
fleet."
The three 747-400SF aircraft, to be leased under seven-year terms, were
formerly operated by United Airlines as passenger aircraft.
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 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.]

jonnyjetprop

I'll believe it when I see it. We are on the verge of striking and this is seen as a ploy to get us to reconsider striking.