FEBRUARY 18TH, 2015

Southern Air Holdings, Inc.’s Subsidiary Worldwide Air Logistics Group Will Acquire Second Airline to Diversify and Expand Service

FLORENCE, Ky.—(BUSINESS WIRE)—Southern Air Holdings, Inc. today announced that its affiliate, Worldwide Air Logistics Group, Inc. (“Worldwide”), will expand and diversify its ACMI and CMI air cargo service offerings through the acquisition of new fleet platforms, expanded markets and growth of existing operations.

Southern Air Inc. (“Southern Air”), a critical and growing provider of airlift services for DHL Express and other customers, will continue its operations as a subsidiary of Worldwide. Southern Air’s headquarters will remain in Florence, Kentucky.

As part of its efforts to expand service capacity, Worldwide also announced its agreement to acquire Florida West International Airways, Inc., (“Florida West”) a leading provider of 767-300 ACMI air cargo services. Florida West operates scheduled and charter services, primarily in Latin America, the Caribbean and the U.S. for its primary customer LAN Cargo. Florida West is based in Miami, Florida, where its headquarters will remain. Worldwide’s acquisition of Florida West is subject to regulatory approval.

Southern Air and Florida West will remain separate air carrier operating companies. Each carrier will continue to deliver on a standalone basis the outstanding performance and superior service their customers have grown to expect.

“Through these transactions, we will be strategically positioned for continued growth of ACMI and CMI air cargo service offerings through our separate and unique air carrier platforms at Southern Air and Florida West,” said Dan McHugh, Chief Executive Officer of Worldwide. “Both carriers have a strong record of performance excellence with deeply rooted cultures of safety, efficiency and reliability. We look forward to expanding our cost-focused, customer-oriented, lean and efficient offerings to new customers in more markets.”