Emery Worldwide has extended a wet-lease contract for an MD-11 freighter
operated by Virginia-based wet-lease airline World Airways.
The extended lease runs through the end of 2000. Emery uses the MD-11 to move
freight between Brussels and its hub in Dayton, Ohio, five times a week.
World Airways said the contract will generate $26.5 million over the
life of the deal. The contract renewal will help World in its transition
from a passenger-focused leasing airline to a more cargo-focused company.
The Emery deal comes while World is in negotiations with Malaysian
Airlines System to resolve MAS’s failure to make lease payments on an MD-11 freighter
under contract at the carrier through September next year.
EMERY EXTENDS MD-11 FREIGHTER LEASE
Key Takeaways:
- Emery Worldwide extended a wet-lease contract with World Airways for an MD-11 freighter.
- The extended lease runs through the end of 2000 and involves flights between Brussels and Dayton, Ohio.
- The contract is worth $26.5 million and aids World Airways' transition towards cargo-focused operations.
- This lease extension occurs while World Airways addresses payment issues with Malaysian Airlines System for a separate MD-11 freighter lease.
Key takeaways sponsored by SONAR
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EMERY EXTENDS MD-11 FREIGHTER LEASE
