World Airways, a wholly owned subsidiary of World Air Holdings, Inc. (OTC:WLDA.PK), has signed a contract with Ethiopian Airlines to provide DC-10-30F cargo service between Addis Ababa, Ethiopia and Brussels, Belgium beginning in January 2007. The contract, valued at an estimated $6.8 million, will provide two DC-10 freighters, one for five months and one for three months.
"World Airways will operate these freighters primarily to transport perishables," said Rob Binns, World Air Holdings chief marketing officer. "We are pleased to be working with Ethiopian, which is one of the top airlines of its size and has been rated the best airline in Africa several times."
