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Frankfurt Airport (FRA), the most important airfreight hub in Europe, is offering an additional 27 hectares of development land at CargoCity South. Fraport AG - the owner and manager of FRA - has issued a worldwide "Call for Expression of Interest" inviting the logistics industry to specify its locational and space requirements.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100831/406749 )

"Airfreight is booming due to the increasing integration of the German economy and the international division of labor. At the same time, global supply chains are becoming increasingly complex and requirements for efficient and expeditious cargo handling are rising rapidly. Therefore, we want to gear our offer of sites optimally to market demand," said Herbert Mai, Fraport's executive board member responsible for real estate. The call for expression of interest is amenable and transparent to meet the most diverse demands.

Project planning for approximately 30,000 square meters of hall space - about one third of the new development area - will be implemented in the first phase. The construction sites offer maximum variability in terms of size and shape, allowing freight halls from 3,000 to 25,000 square meters to be planned, explained Mai.

The new CargoCity South expansion area is as large as about 35 football fields and can accommodate logistics buildings with a total hall space of approximately 100,000 square meters. Furthermore, this area will provide sufficient office and parking space.

"Development of Frankfurt Airport's CargoCity South is an unparalleled success story. Without efficient logistics infrastructure Germany's export-driven economic upswing would be impossible. Therefore, we are optimistic that demand for logistics space at Frankfurt Airport will further intensify," emphasized Mai. The first third of the new cargo area will come on stream between 2013 and 2014.

More information about Fraport's Call for Expression of Interest at CargoCity South is available via: http://www.cargocity.frankfurt-airport.com

Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com.

    For Further Information, Please Contact:

    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR
    Press Office (Dept. UKM-PS), Corporate Communications
    60547 Frankfurt am Main, Federal Republic of Germany
    Tel.: +49-69-690-78547; E-mail: r.payne@fraport.de;
    Internet: http://www.fraport.com

SOURCE Fraport AG

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According to the International Air Transport Association (IATA), Middle Eastern airlines saw an increase in demand of passengers by 16.8 percent in July year-on-year, and by 19.4 percent over the first seven months of the year. The Middle East has seen phenomenal growth of air traffic due to increasing levels of traffic being diverted to this regional hub.

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This is causing significant pressure on the region's air traffic control operations. With around 80% of Middle Eastern airspace being restricted for military use, air corridors are becoming busier, and this is putting pressure on regional authorities to increase the capacity and efficiency of air traffic operations.

Despite warnings from IATA that this growth is unsustainable and is now entering a slower phase, the region is already experiencing flight and landing delays due to the amount of traffic. To cope with the growth, regional airlines are increasing their fleets. Leading the way is Emirates who already operate 12 Airbus A380 (world's largest airliner), and have 72 on order, amongst other recent purchases. Airports are not far behind either, with new projects such as Dubai's Al Maktoum International Airport, which is already operating flights, and Abu Dhabi's announced construction of a $7bn international airport to help meet traffic demands in the Emirate. Air traffic control operators and authorities are having to match this growth by either increasing the capacity of the region's corridors, or the efficiency of how they are used.

"New technology, such as satellite CNS, enables a lot of Middle East countries to restructure their ATC units and their airspace" said Ehab Abdel Galil, Air Traffic Controller at the National Air Navigation Services Company (NANSC) in Egypt. "More collaboration between civilian and military authorities to meet the growth of traffic in this region" is needed, according to Ehab. Working together would enable an increased availability of airspace to help relieve some of the traffic congestion in the Middle East. "I think the whole region is moving forward on these issues, which will impact the redesign of regional network airways," he added.

Ehab will join the Director-Generals of UAE's General Civil Aviation Authority (GCAA), Saudi's Authority of Civil Aviation (GACA), the Syrian Civil Aviation Authority (SCAA), and Oman's Civil Aviation and Meteorology Authority, to map out the best way forward in achieving this more efficient re-design of regional airspace at the 2nd Annual Air Traffic Control Optimisation Summit, to be held on 1 - 2 November 2010 at the Trader's Hotel in Dubai, UAE.

Their success may well have a significant impact on the future growth of air traffic in the Middle East and end constant delays.

The Air Traffic Control Optimisation Summit will explore how the region's air traffic control authorities and operators are working together with airlines and military establishments to increase the capacity and efficiency of the region's air traffic corridors. In order to reserve your place on the exclusive guest list email enquiry@ipc.ae. For more information visit http://www.airtrafficcontrolsummit.com

About IQPC Middle East:

For over thirty years, IQPC has helped the world's leading corporations solve their business challenges through the sharing of practical industry solutions and global best practice. In the process, the company has built a formidable reputation for quality and value. During this time, the Middle East's most progressive companies have benefited from IQPC's unrivalled global reach, which has connected international expertise with regional and local leaders. For more information, visit http://www.iqpc.ae

    For more information, please contact

    Chichi Osuagwu
    Marketing Manager
    IQPC Middle East
    T: +971-4-364-2975
    F: +971-4-363-1938
    enquiry@iqpc

SOURCE IQPC Middle East

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Air T, Inc. (Air T) (Nasdaq: AIRT) today reported consolidated net earnings of $299,000 ($0.12 per diluted share) for fiscal 2011's first quarter ended June 30, 2010 compared to consolidated net earnings of $1,118,000 ($0.46 per diluted share) for the similar fiscal 2010 period.

Consolidated revenues decreased $3,925,000 (21%) to $15,023,000 for the quarter ended June 30, 2010 compared to the same quarter in the prior fiscal year.  This decrease resulted principally from a $4,177,000 (52%) decrease in ground equipment sales revenue offset by marginal increases in the other two operating segments. The decrease in ground equipment sales revenue was the result of having no sales of deicers to the United States Air Force in the first quarter of fiscal 2011.  We have subsequently received orders from the Air Force which have increased our backlog and which will be delivered in the remainder of this fiscal year.  At June 30, 2010, ground equipment sales backlog was $8.8 million, compared to $14.8 million at June 30, 2009 and $1.4 million at March 31, 2010.  

Walter Clark, Chairman and Chief Executive Officer of Air T, commented, "We are less than satisfied with the overall results of our first quarter and we expect to see improvement in the second quarter as a result of the backlog in place at quarter end.  We are disappointed with the outcome of the recent Delta contract renewal and the loss of a significant and profitable portion of our Global Aviation Services business.  This will have a significant negative impact on that new segment of our business, but we believe we offer a good service and will continue our efforts to expand that business to new customers."

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines.  Air T is one of the largest, small-aircraft air cargo operators in the United States.  Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands.  Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world.  The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010 filed today with the Securities and Exchange Commission.  Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties.  Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, uncertainty regarding legal actions against the Company, future economic conditions and their impact on the Company's customers, the timing and amounts of future orders under our recently awarded contract with the United States Air Force, inflation rates, competition, changes in technology or government regulation, and the impact of future terrorist activities in the United States and abroad.  A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur.  We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Air T, Inc.

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Farnborough Air Show trade attendees have spoken. More aerospace and defense (A&D) professionals are turning to AVIATION WEEK's integrated coverage for multimedia news and analysis. A fully integrated media portfolio-- including four issues of AVIATION WEEK ShowNews in print and online, four issues of Aviation Week & Space Technology dedicated to Farnborough, insightful online articles and blogs in a special web section, 32 videos, dozens of editor- and reader-submitted photos, and extensive social media participation -- drove high readership and time spent on AviationWeek.com.

Onsite at Farnborough, executive attendees deemed AVIATION WEEK's ShowNews the most preferred show daily, as confirmed by a third-party survey. 82% of respondents preferred ShowNews to other dailies, while 62% said they read Aviation International News, and 49% read Flight Daily News. AVIATION WEEK ShowNews is also considered the most useful publication, according to 52% of respondents. In comparison, 32% find AIN useful; and 16% selected Flight.

Online, A&D professionals around the world turned to AviationWeek.com as the trusted source for the latest news from the show, as evidenced by significantly increased web traffic. Since the Farnborough Air Show in 2008, page views were up 147%, total visits to the site were up 70%, unique visits were up 37%, and video streams were up 63%.

"AVIATION WEEK produces a fully integrated solution that balances print, digital and onsite offerings, including social media," said Tom Henricks, president, AVIATION WEEK. "The Farnborough Air Show is an important event for our industry, and the unique strengths of the AVIATION WEEK Advantage were demonstrated in real-time — serving every A&D sector, helping customers generate leads, and guiding readers and website visitors through the ins and outs of the show so they could gain the insights needed to grow their businesses and improve their return on investment in the Farnborough experience."

About AVIATION WEEK:

AVIATION WEEK, part of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes http://AviationWeek.com, Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, Aerospace Daily & Defense Report, The Weekly of Business Aviation, World Aerospace Database, AVIATION WEEK Intelligence Network, and MRO Prospector. The group also produces major events around the world.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a global information and education company providing knowledge, insights and analysis in the financial, education and business information sectors through leading brands including Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com/.

SOURCE AVIATION WEEK

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Global Aviation Holdings Inc. has elected Jean-Peter Jansen, the former Chairman of Lufthansa Cargo's Executive Board, to its board of directors.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090226/CL74946LOGO )

(Logo:  http://photos.prnewswire.com/prnh/20090226/CL74946LOGO )

"Jean-Peter has successfully led one of the world's largest cargo airlines and we are fortunate to have him join our Board of Directors at a time when we are growing our cargo operation," said Rob Binns, Chairman and CEO of Global Aviation.

Mr. Jansen joined Lufthansa in 1976 where he held senior management positions in a variety of divisions including technical, purchasing, fleet planning and finance. Jansen was appointed to the Executive Board of Lufthansa Cargo with responsibility for logistics and production in 1999. Jansen became Chairman of the Executive Board in 2000 and remained in the position until he retired in 2006.

Jansen also served on a number boards including the supervisory boards of DHL International and LSG Sky Chefs Germany and the executive board of German Federal Logistics Association. He studied economics in Hamburg and Muenster.

Global Aviation Holdings Inc., based in Peachtree City, GA., is the parent of North American Airlines and World Airways. North American Airlines, founded in 1989 and based in Jamaica, N.Y., operates passenger charter flights using B757-200ER and B767-300ER aircraft. World Airways, founded in 1948 and based in Peachtree City GA., operates cargo and passenger charter flights using B747-400, MD-11 and DC-10 aircraft. For information, visit www.glah.com.

SOURCE Global Aviation Holdings Inc.

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http://www.glah.com