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New York March 10, 2006 - Baltia Air Lines, a New York based U.S. startup airline, is continuing its preparations for the start of service later this year with one B747 aircraft. The airline will operate out of Terminal Four at the JFK airport in New York.

Baltia's objective is to operate in niche market flying nonstop with a Boeing 747 from JFK to St. Petersburg, Russia and to other cities within the Baltic region. The B747 aircraft enables Baltia to provide spacious three class seating layout and it also provides the cargo capacity necessary for this market.

El Segundo CA March 13, 2006 - Japan Airlines announced that it will increase its nonstop service between Chicago's O'Hare International Airport and Tokyo's Narita International Airport to two flights daily from March 26, 2006. The carrier's current schedule of 10 flights per week will increase by four, making a total of 14 flights weekly between the two cities.

JAL's daily morning schedule, JL009/010, will not change, and the carrier will increase its current schedule of three-weekly afternoon flights, JL003/004, to seven. The new double daily service will give customers residing throughout the Midwest and Eastern U.S./Canada even more choices when traveling to and from JAL's over 80 destinations throughout Japan, China and Southeast Asia.

Japan Airlines also offers connecting flights between Chicago and more than 50 cities throughout North America with codeshares operated by American Airlines and American Eagle.

JAL utilizes B747-400 aircraft on its Chicago - Tokyo route and offers a three-cabin configuration featuring New Skysleeper Solo seats in First Class and Shell Flat seats in Executive Class - Seasons. From March 26, JAL will also begin gradually introducing JAL Inflight Internet Service, a high-speed Wi-Fi service provided by Connexion by Boeing, in all cabins on this route.

Portland OR March 13, 2006 - Precision Conversions, LLC (Precision) is pleased to announce that it has entered into an agreement with Cargo Aircraft Management, Inc. (a subsidiary of Cargo Holdings International, Inc. based in Orlando, Florida) for a long term cargo conversion program on the 757-200 aircraft. The program calls for the completion of two conversions in calendar year 2006 with plans to support multiple 757-200 aircraft conversions over the next five years.

Steven Thomas, Precision Conversions' President stated, "We are absolutely delighted that Cargo Aircraft Management has chosen the Precision Conversions 757-200PCF to be part of their expanding aircraft portfolio. Having an exceedingly reputable company such as Cargo Aircraft Management select our conversion validates Precision Conversions' commitment to offer the finest 757 freighter to the industry."

Cargo Aircraft Management, Inc. and Precision Conversions will soon be announcing the modification partner for this program.

Peter Fox, President and Chief Executive Officer of CAM said, "We believe the 757-200PCF conversion along with the enthusiastic working relationship between the companies will successfully address Cargo Aircraft Management's business needs for many years to come."

Since receiving STC approval in June of 2005, Precision Conversions has delivered four 757-200PCF freighters to various global customers. The fifth conversion, currently in work, is scheduled to be delivered mid-May 2006.

London March 13, 2006 - The member airlines of the oneworld(TM) alliance and BAA Heathrow have signed an historic agreement which will ensure a world-class passenger experience for their customers following the opening of Terminal 5 at London's Heathrow Airport in March 2008.

Currently, oneworld carriers -- who account for more than 50 percent of Heathrow's traffic with 35 million passengers a year travelling on about 700 departures and arrivals a day -- are split across all four of Heathrow's terminals.

Under the memorandum of understanding (MoU) just signed among them and BAA Heathrow, their operations will be consolidated in the US$7.6 billion Terminal 5 and in an up-graded Terminal 3, which is the closest of the existing terminals to the new facility. oneworld carriers will share adjacent check-in desks, jetbridges and other facilities in Terminal 3.

BAA Heathrow describes the MoU as a key part of its strategy to co-locate airline alliances. It is currently investing significantly in Terminal 3, and its agreement with oneworld will ensure that the transformation of Terminal 3 continues. To provide a better overall customer experience at Terminal 3, the building will undergo a multi-million dollar modernization program, with a substantial amount planned to be spent on passenger and baggage-related projects during the next seven years.

The check-in area will be reshaped and expanded to minimize congestion, make it easier for passengers to find their way around and provide more natural light. The latest technology and infrastructure will be incorporated into new baggage systems and other passenger services.

Connections between all oneworld member carriers' flights in Terminals 3 and 5 will be as smooth and as seamless as possible, assisted by a state-of- the-art underground baggage system that will link all Heathrow's terminals, built in tunnels under the airport's taxiways.

The MoU covers all seven of the existing oneworld member airlines serving Heathrow -- British Airways, for which the airport is home base, along with American Airlines, Qantas, Cathay Pacific Airways, Iberia, Finnair and Aer Lingus. It also makes provision for all three of the carriers currently lining up to join the alliance -- Japan Airlines, Malev and Royal Jordanian. The agreement provides for their growth in Terminal 3 as Heathrow's overall capacity expands in the future.

British Airways will be the only airline housed at the new Terminal 5. The size and shape of its Heathrow schedule in 2008 will mean a small number of its services will be located at Terminal 3. These will include its departures to Australia and Spain, to maximize the cohesion of its joint services with oneworld partners Qantas and Iberia.

BA's operations at London Heathrow are currently split among three terminals -- 1, 3 and 4. Of the alliance's other carriers, four are already based at Terminal 3 -- American Airlines, Cathay Pacific, and candidate members Japan Airlines and Royal Jordanian. The MoU will mean Aer Lingus and Finnair moving to join them from Terminal 1, Iberia and Malev from Terminal 2, and Qantas from Terminal 4.

British Airways will be the first to move, transferring its services into Terminal 5 when it opens in two years. It is anticipated that the oneworld relocation into Terminal 3 will be completed by 2009, in line with the airport's overall airline relocation plan.

The alliance's co-location at London Heathrow will follow the transfer of all its member airlines serving Madrid into the new US$7.4 billion Terminal 4 at Madrid Airport in February 2006. This means oneworld will be operating from the world's most modern, passenger-friendly and efficient facilities at its two main European hubs within just two years.

oneworld Managing Partner John McCulloch said: "oneworld aims to bring the operations of our member airlines together at all key airports around the world wherever it make sense and is possible. Terminal 5's opening at London Heathrow provides us with a golden opportunity to do just this at the alliance's major European hub. This landmark agreement with BAA Heathrow ensures all of our airlines will be able to offer their customers a state-of- the-art passenger experience whether they are flying to or from London, or transferring there between oneworld airline flights."

British Airways Chief Executive Willie Walsh said: "This agreement is a great step forward for the oneworld alliance, allowing much greater cohesion between all partner airlines at Heathrow. Customers will see real benefits as connections become more convenient, smoother and faster."

American Airlines Chairman and CEO Gerard Arpey said: "The best part of this agreement is that its benefits will flow directly to our customers, making it easier and more convenient than ever to travel on the global oneworld network through the London Heathrow gateway."

BAA Heathrow Divisional Director Mick Temple said: "With the opening of Terminal 5 in 2008, Heathrow has a once-in-a-lifetime opportunity to co-locate our airline alliances and transform the whole airport into a world-class facility."

The memorandum of understanding was signed by the Chief Executives of all the alliance's member airlines -- British Airways' Willie Walsh, American Airlines' Gerard Arpey, Qantas' Geoff Dixon, Cathay Pacific's Philip Chen, Iberia's Fernando Conte, Finnair's Jukka Hienonen and Aer Lingus' Dermot Mannion plus oneworld Managing Partner John McCulloch, with BAA's Heathrow Divisional Director Mick Temple and Managing Director Heathrow Tony Douglas.

Vancouver March 13, 2006 - This week Vancouver is host to a biannual meeting of the UN's Center for Trade Facilitation and Electronic Business (UN/CEFACT). Delegates from over 55 countries and representatives of non- governmental organizations (NGOs) meet for five days at the Westin Bayshore hotel conference center to work on key technical standards for business and trade.

UN/CEFACT has developed or maintains technical standards, such as UN/EDIFACT, UN/LK (UN Layout Key), UNTDED (UN Trade Data Element Directory), UMM (UN/CEFACT Modeling Methodology) and UN/CEFACT CCTS (Core Components Technical Specifications) which are designed to facilitate world-wide trade.

The UN/CEFACT Forum Management Group welcomes members of the public to join in their ongoing work. To take part, they simply need to be nominated by their national UN/CEFACT Head of Delegation.

This year's meeting offers a valuable opportunity for Canadian businesses and technology workers to attend and get directly involved in developing the important electronic business and trade facilitation standards.

UN/CEFACT helps to deliver the benefits of global trade to all countries in line with the UN mandate to create sustainable economic growth and a high standard of living for all citizens. Its vision is to provide "simple, transparent and effective processes for global commerce."

Developing and maintaining international standards for trade facilitation and electronic business is critical for all nations. UN/CEFACT's work has resulted in more efficient communication of business information between nations and between trading partners. Canadian companies' ability to maintain complex international trade relations has been enhanced by the adoption of various UN/CEFACT standards.

This week's meeting is organized by local volunteers and co-sponsored by eBusiness Applications, Adobe Systems, TIE, Xenos Group, SITPRO, SAP, Sun Microsystems, Treasury Board of Canada Secretariat and Western Economic Diversification Canada.

In addition to the main UN/CEFACT meeting, a special meeting of signatories to a Memorandum of Understanding governing cooperation will take place on Monday and Tuesday of the following week, and an ISO/TC154 Plenary session will take place on Wednesday. Attendees historically include delegates from International Telecommunications Union (ITU), International Electrotechnical Commission (IEC), International Standards Organization (ISO), Organization for the Advancement of Structured Information Standards (OASIS) and other key standards organizations.

Seattle March 13, 2006 - Alaska Airlines today announced that the Alaska Air Group Board of Directors has authorized a plan to transition the airline to a fleet of all-Boeing 737 aircraft by the end of 2008. The board's action will accelerate the retirement of the airline's MD-80 fleet.

To accomplish the transition, Alaska now anticipates taking delivery of 39 737-800s between 2006 and 2008, including the two aircraft that have already been delivered in 2006. In addition to these airplanes, Alaska has firm commitments for 13 aircraft, options for 24 and purchase rights for 27 in 2009 and beyond.

"This decision represents a major milestone in our transformation and moves us significantly along the path toward becoming an undisputed leader in our industry. Having a common fleet and growing with next-generation, fuel- efficient Boeing 737s will make a major difference in our operating costs, fleet reliability and the onboard experience for our customers," said Bill Ayer, Alaska's chairman and chief executive officer. "This move represents a significant upfront investment and will continue our momentum toward sustained profitability, growth and long-term job security and career opportunities for our employees."

The plan to retire the airline's 26 MD-80 aircraft by the end of 2008 will require an investment of approximately $750 million. It is expected to save more than $115 million per year in operating expenses once the transition is complete, primarily by lowering costs for fuel, maintenance, training and crew scheduling.

"This level of investment requires that we continue our transformation and keep delivering on our cost goals and profit objectives," Ayer said. "Our employees are a crucial part of that equation, and we need to continue working together to provide optimum value for our customers."

The acceleration of the conversion plan, when combined with the purchase of new aircraft, will expand Alaska's fleet to 114 aircraft from 110 at the start of 2006, and is expected to increase available seat miles (ASMs or the number of seats available per mile flown) by 18 percent by the end of 2008. With an average fleet age of eight years following the transition, Alaska will have one of the youngest fleets in the industry.

The new agreement with Boeing and a December 2005 equity offering that raised $200 million were key elements in accelerating the fleet changeover. The equity offering strengthened Alaska's balance sheet, helping to offset the charge to equity associated with the early retirement of the MD-80 fleet.

The airline expects to record a non-cash impairment charge during the first quarter of 2006 associated with its 15 owned MD-80 aircraft to reduce their carrying value to fair market value. Although the amount of the special charge has not been finalized, the airline expects it to be between $130 million and $150 million before tax (or between $80 million and $95 million after tax).

Alaska Airlines also has 11 leased MD-80 aircraft. The airline is unable to determine the amount or timing of future charges associated with its leased MD-80 aircraft, but expects the total of these charges also to be in the range of $130 million to $150 million before tax (or between $80 million and $95 million after tax). These charges will be recognized in future periods as the disposition plans are finalized.

Combined, the airline expects total special charges to its income statement to be between $160 million and $190 million after tax.

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