"We made

strong progress in reducing costs in 2002, enabling our profitability

targets to be reached." added Harris. "Although we have more

work to do, I am now even more optimistic about achieving our profitability

goals for 2003 and beyond."

Utilizing a

well-maintained fleet of international range, wide-body aircraft, World

Airways has an enviable record of safety, reliability and customer service

spanning 54 years. The company is a U.S. certificated air carrier providing

customized transportation services for major international passenger and

cargo carriers, the United States military and international leisure tour

operators. Recognized for its modern aircraft, flexibility and ability

to provide superior service, World Airways meets the needs of businesses

and governments around the globe.

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