Southern Air Holdings, Inc. a leading worldwide provider of ACMI (aircraft, crew, maintenance and insurance) outsourced aircraft announced today it has signed a multiple year B747 ACMI agreement with Centurion Air Cargo, a Miami based all cargo carrier that provides premier scheduled service to destinations throughout the U.S., South America, Europe and Asia. The aircraft began operating for Centurion Air Cargo earlier this month.

Centurion Cargo together with its related party SkyLease Cargo is the leading cargo carrier out of Miami International Airport and operates a fleet of four (4) MD-11F aircraft, leases an additional six (6) MD-11F's from SkyLease Cargo and operates scheduled all cargo service to multiple destinations in South America, Central America, Mexico, the Caribbean, Europe and World Wide charters.

Southern Air's Chief Executive Officer, Daniel J. McHugh, commented 'Centurion Air Cargo has been a well establish operator into Latin America and now servicing Europe and Asia as well. We are proud to be part of their operation. Carriers from all over the globe are recognizing Southern's ability to facilitate global trade. We look forward to establishing a long-term relationship with Centurion Air Cargo and are committed to exceeding their expectations by delivering excellent results and service.'

The B747-200F provides Centurion an aircraft that meets their requirements on specific routes, providing them the ability to improve overall customer economics.'

'Southern Air's ability to provide three different aircraft types on a global basis enables our customers the ability to match the aircraft to their need and provide cargo capacity quickly without having to wait for new aircraft acquisitions, 'Mr. McHugh said.