World Airways to Operate Boeing 747-400 Freighter for Asiana Airlines Through 2010

PEACHTREE CITY, Ga., Feb. 15 /PRNewswire/ -- World Airways, a subsidiary of Global Aviation Holdings, Inc., has signed an agreement with Asiana Airlines to operate one Boeing 747-400 aircraft on a full-time basis for air cargo service beginning February 23 through the remainder of 2010.

Asiana Airlines, a South Korea-based international airline, offers passenger and cargo operations to more than 20 countries and operates a fleet of eight wide-body freighters around the world.

"This agreement represents a natural extension of the close cooperation between Asiana and World Airways, which began approximately 10 years ago," said Hendrik Falk, Vice President Cargo Sales for Global Aviation Holdings, Inc. "We are extremely pleased and proud to be a partner with such a reputable, top-quality organization."

"Through the short-term flight operations during the peak season last year with World Airways, we were very successful. The outstanding on-time operation and payload capability by World Airways has contributed to the extension into 2010," said Kwang Seok Kim, Senior Vice President Cargo Sales for Asiana Airlines.

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.