L.AIR HOLDING INC (fka LAIR)

[DTGoody]

NEW BELGIAN CARRIER; EX-SINGAPORE AIRCRAFT(pictured, link at bottom)

OTCBB: LAIR - SPEEDNEWS.com reports on LAIR's lease
with BOEING for 5-Airbus A340-300 jets

Press Release
SOURCE: Speednews this week.
Visit: speednews.com/stw/default.html#belgium

L-Air Holding of Canada this week announced it has
executed a contract for the benefit of startup carrier
Belgium Universal Airways with the Brussels based Tour
Operator VGAA N.V.

Under the terms of this agreement, Belgium Universal
Airways will operate a route from Brussels to Yerevan
with a stop in Lyon France then to Los Angeles (LAX)
once a week with an Airbus A340-300 in a three class
configuration for the benefit of VGAA N.V.

The Airline says it has reached agreement with Boeing
to lease two ex-Singapore A340-300s, and plans to begin
flight operations in April 2003, or as soon as its Air
Operating Certificate is approved by Belgium Civil
Aviation Authorities. It plans to increase its fleet
to five aircraft by the end of 2003.

The anticipated network BUA will be operating for the
coming Spring/Summer season includes such destinations
as Punta Cana (Dominican Republic), Toronto, Montreal,
Delhi, as well as Yerevan, Lyon and Los Angeles, all
departing from Brussels. The fall/winter will see an
addition of new destinations including Tokyo, Bangkok,
Dubai, St Marteen, and Mauritius Island.

L-Air Holding is currently negotiating to acquire 49%
of Belgium Universal Airways.

Picture of A340-300
http://www.planespotting.net/viewfile.htm?Pax_ID=efb2e28d00685366bcfcdbe6596dc9f8&image=RkNGVlZD...