Southern Air and Saudi Arabian Airlines have signed a definitive agreement under which Southern Air will operate one Boeing 747 freighter on behalf of Saudi Airlines Cargo Co. Ltd. on an ACMI basis (aircraft, crew, maintenance and insurance).' The aircraft will begin to be operated for Saudi Airlines Cargo Co. Ltd in July 2011 and will be painted in its livery.

Southern Air's Chief Executive Officer, Daniel J. McHugh, commented, "We are proud to add Saudi Airlines Cargo Co. Ltd. to our client roster.' Leading carriers continue to recognize the value that our outstanding operating platform and decades of global experience can bring to their own businesses.' We look forward to establishing a long-term relationship with Saudi Airlines Cargo Co. Ltd. and are committed to exceeding their expectations by delivering excellent results and service."

Fahad Hammad, Chief Executive Officer of Saudi Airlines Cargo Co. Ltd., said, "We welcome' Southern Air to our freighter schedule.' With their wide selection of wide bodied freighters such as B747F and B777LRF, Saudi Airlines Cargo Co. Ltd. will enhance its network coverage.' Further, it is an important opportunity for our company to fulfill our customers' demands.' We look forward to working with the Southern team."