World Airways signs contracts for $23 million in new cargo transport agreements

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World Airways signs contracts for $23 million in new cargo transport agreements

Peachtree City's World Airways has signed a long-term ACMI wet-lease agreement with Lufthansa Cargo Charter, a subsidiary of Lufthansa Cargo, for international cargo service between Nuremberg, Germany and Xian, China.

The service will begin in October and continue through December 2005. World will operate a DC-10-30 freighter aircraft for Lufthansa Cargo Charter until the end of 2004, after which the service will be operated with World's MD-11F aircraft, pending government approval for appropriate traffic rights.

World also is operating MD-11F service for Lufthansa Cargo Charter between Hong Kong and Frankfurt, Germany, until December 2004. The total contract value for the services announced is approximately $23 million for the term of the agreements.

"Lufthansa Cargo is one of the premier cargo airlines in the world, and our MD-11F aircraft is compatible with their extensive MD-11 fleet," said

Randy Martinez, World's president and chief executive officer. "World has provided ad hoc service to Lufthansa Cargo for many years, but this is our first long-term agreement with them. This also is our first contract for service to mainland China."

The development of service between Nuremberg and Xian was a cooperative effort involving Lufthansa Cargo Charter, World Airways, Nuremberg International Airport and Shaanxi Delong United Aviation.

This will be the first wide-body cargo aircraft and the first commercial U.S. plane to serve Xi'an Xianyang International Airport in Xian.