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Thu, Jul 02, 2009

Air Hauler Amerijet Buys Trucking Firm

The Company Recently Leased Several B767 Cargo Aircraft

Amerijet International has announced its acquisition of a majority interest in Nations Express, a nationwide express trucking company based in Charlotte, NC. Nations Express operates a fleet of approximately 200 trucks in an express charter truck service.

John R. Nash, CFO of Amerijet stated, "Nations Express represents a company doing all the right things, at the right time, and a company we believe is a unique fit with Amerijet and our global logistics services. We believe our two companies service customers who desire specialized services and that our products, whether combined or sold separately will be valuable to each of our customers."

William R. Frazier, Nations Express President and CEO further added, "The investment by Amerijet will provide the additional capital necessary for the Company to take advantage of a number of exciting growth opportunities in the ground freight transportation industry as well as new freight service opportunities offered by Amerijet International, Inc. We look forward to working with the professional management team associated with Amerijet."

This acquisition coincides with Amerijet's recent announcement to lease five Boeing 767-200 cargo aircraft. These aircraft will compliment its historical fleet of Boeing 727-200's. Amerijet also just announced its acquisition of SRX Transcontinental, a Florida based company specializing in ground handling operations throughout Central Asia, and owner of Avialeasing Aviation Company, an Uzbekistan certificated airline with US DOT Part 129 authority. SRX and Avialeasing market the sales, charter operations, and contract maintenance of Antonov An-12 and An-26 aircraft based from both Uzbekistan and Miami, Florida. These aircraft are known for their ramp loading capabilities, winch and crane cargo handling system enabling it to load heavy and oversized cargo, as well as their ability to operate to airports not normally served by other commercial and or cargo aircraft.

FMI: www.amerijet.com

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