Rich Robert on Wed, 19 Feb 2003 22:56:01 +0100 (CET) |
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[Nettime-bold] Power politics L-Air benefits with 18 million contract9607 |
NEW BELGIAN CARRIER; EX-SINGAPORE AIRCRAFT OTCBB: LAIR - SPEEDNEWS.com reports on LAIR's lease with BOEING for 5-Airbus A340-300 jets Press Release SOURCE: Speednews this week. Visit: speednews.com/stw/default.html#belgium L-Air Holding of Canada this week announced it has executed a contract for the benefit of startup carrier Belgium Universal Airways with the Brussels based Tour Operator VGAA N.V. Under the terms of this agreement, Belgium Universal Airways will operate a route from Brussels to Yerevan with a stop in Lyon France then to Los Angeles (LAX) once a week with an Airbus A340-300 in a three class configuration for the benefit of VGAA N.V. The Airline says it has reached agreement with Boeing to lease two ex-Singapore A340-300s, and plans to begin flight operations in April 2003, or as soon as its Air Operating Certificate is approved by Belgium Civil Aviation Authorities. It plans to increase its fleet to five aircraft by the end of 2003. The anticipated network BUA will be operating for the coming Spring/Summer season includes such destinations as Punta Cana (Dominican Republic), Toronto, Montreal, Delhi, as well as Yerevan, Lyon and Los Angeles, all departing from Brussels. The fall/winter will see an addition of new destinations including Tokyo, Bangkok, Dubai, St Marteen, and Mauritius Island. L-Air Holding is currently negotiating to acquire 49% of Belgium Universal Airways. Other Major Recent News - L-Air Holding, Inc. Announces $18 million contract with VGAA. TORONTO, Ontario-- (BUSINESS WIRE) February 13, 2003. L-Air Holding, Inc, (the "Company") (OTCBB:LAIR - News) announces it has executed a contract for the benefit of Belgium Universal Airways with the Brussels based Tour Operator VGAA N.V., with registered offices at 400 Leopold I, represented by Mr. H. 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