Bizjournals
05/01/2003
By
[Printer Friendly Version]

World Airways Inc. (Nasdaq: WLDAC) has signed a new contract with a group of U.S. and Swiss investors to provide passenger service between Washington, D.C./Dulles and Kabul, Afghanistan, via Geneva, Switzerland, as part of a consortium to reconstruct Afghanistan.

The flight program, scheduled to begin operations in July 2003 and contracted to operate through December 2005, is worth $102 million. The estimated contract value for calendar year 2003 is expected to be $19 million. The service will operate twice per week using an MD-11 wide-body aircraft featuring an enhanced international business class of service.

"The consummation of this contract provides two very important components to World Airways' long-term strategy: The broadening of our international commercial customer base and the operational and financial planning benefits of a long-term program," said Hollis Harris, chairman and CEO of World Airways. "We feel particularly privileged to have been selected by our partners, recognized leaders in international market development programs, to participate in the reconstruction of a new Afghanistan."

Life in Talibanistan - Part One: Throw these infidels in jail Asia Times (09/03/2010)

The disconnect between pipelines and transparency Globe and Mail, Canada (09/03/2010)

Of women, cosmetics & electioneering Pajhwok (09/03/2010)

Karzai orders huge shakeup in Ministry of Interior Pajhwok (09/03/2010)

Afghan banker warns of 'revolution' United Press International (09/03/2010)

Karzai tells Afghans not to panic in rush for withdrawals The Washington Post (09/03/2010)

What Led Kabul To Sack Ambassador To U.S.? RFE/RL (09/02/2010)

Karzai's brother calls for U.S. to shore up Kabul Bank as withdrawals accelerate The Washington Post (09/02/2010)

Interviews With Said Jawad, Afghan Ambassador To U.S CNN, The Situation Room (09/02/2010)

Afghans Pull Money From Weakened Bank The New York Times (09/02/2010)

Afghan finance minister: "Every penny of the deposits would be guaranteed by the government" The Associated Press (09/02/2010)

Lessons in Crony Capitalism The Huffington Post (09/02/2010)

Too Corrupt to Fail? The New Yorker (09/02/2010)

A.Q. Khan Newsweek (09/02/2010)

'It's premature to begin pulling troops' from Afghanistan, says Greg Mortenson Pioneer Press (09/02/2010)

Lonq queues at Afghan bank amid corruption claims AFP (09/02/2010)

14 Candidates Removed from Parliamentary Elections List Tolo News (09/02/2010)

Few signs of run on Afghanistan's Kabul Bank The Associated Press (09/02/2010)

Nervous Afghans pull money from Kabul Bank, raising fears The Washington Post (09/02/2010)

Afghan ambassador to US to leave post, slams smears AFP (09/01/2010)

Afghanistan takes over biggest private bank to avert collapse AFP (09/01/2010)

Karzai in panic as graft probe closes in Global Post (09/01/2010)

Where Did The Money Go? Yahoo News (09/01/2010)

Afghanistan's biggest bank in near disastrous collapse World News (09/01/2010)

After Obama's Iraq Speech, Afghans Worry About U.S. Commitment TIME (09/01/2010)

Afghan Police's Lack of Guns and Gas Shows U.S. Exit Plan Flaw Bloomberg (09/01/2010)

"Afghan concern about Pak is legitimate" - Gen. Petraeus The Associated Press (09/01/2010)

Birthplace of the Taliban: the next battleground The Associated Press (09/01/2010)

Afghan Ambassador Said T. Jawad leaving his post in Washington The Washington Post (09/01/2010)

Afghanistan bomb attacks kill twenty-one US soldiers in 48 hours The Telegraph (09/01/2010)