July 8, 2010 - Late Breaking Cargo News; SGL Will Take On DC-10's

[SSA PR]

Slipstream Virtual Airways Press Release
for Immediate Circulation

Los Angeles, CA - Thursday, July 8, 2010 - Slipstream Airways, a United States based commercial airline, announced this evening after a long board meeting, that it has decided to integrate Arrow Cargo's DC-10 freighters into the Slipstream Global Logistics fleet. It was previously thought that the airline would simply sell or scrap the older McDonnell Douglas aircraft.

Yesterday, Slipstream Airways reached and finalized an agreement with Arrow Cargo, a subsidiary of Arrow Air Holdings Corp., to assume all airframe, ground equipment, logistical, office space, and human assets as a result of the cargo carriers recent announcement to cease operations.

Slipstream Global Logistics, a wholly owned subsidiary of Slipstream Virtual Airways, will take control of Arrow Cargo's active and stored fleet of DC-10-30F and DC-10-40F. This is in addition to the 757-200F and MD-11 aircraft that were previously announced. The DC-10 fleet consists of:

1 DC-10-10F

• N68041

4 DC-10-30F

• N478CT (-30CF)
• N450ML
• N526MD
• N524MD

2 DC-10-40F

• N140WE
• N141WE

Slipstream Global Logistics (SGL) has immediate plans to integrate the 757-200F's in the SGL network as soon as transition details, and aircraft inspections have been performed, and the same can now be said for the DC-10's. The MD-11F's will follow after a consignment deal has been reached with World Airways later this month.

Kenneth Smith, Executive President of Slipstream Airways said, "As I stated yesterday, our airline is looking to wholeistically grow our Global Logistics division. After some heavy thought and discussion, we have determined that this fleet of DC-10's will help us to do just that. We basically came to the conclusion that these are workhorses that have life left in them, and we need to take advantage of them."

About Slipstream Virtual Airways
Home officed in Los Angeles, California, Slipstream Airways commenced commercial operations in July 2006 with 3 Boeing 717-200's and 11 Boeing 737-700's. Slipstream's goal is to give pilots a realistic approach in a virtual world with an operational plan to grow like a real-world airline. Today Slipstream Airways currently operates hubs in Atlanta, Los Angeles and Chicago, and services 116 cities across North and South America, Europe, Australia and Asia Pacific with a regional and mainline fleet of composed of 171 ATR, Embraer and Boeing aircraft. Slipstream Global Logistics, a cargo division of Slipstream Airways, serves 36 international destinations with a fleet of four B747-400F, four MD-11F and one MD-11C aircraft.

Questions about the above press release can be directed to: Public.Relations@SlipstreamAirways.com
http://www.slipstreamairways.com

Note: This announcement is fictional, and is in no way intended to be interpreted any other way.

[SSA0016 Will]

Congrats SGL!!

[SSA0587 Patrick]

Have any decisions been made regarding the DC-8's also held by Arrow Cargo?

And at least we didn't get N68047.

[SSA0029 Bobby]

Arrow's last DC-8 last flew in March. All of their DC-8's were officially off their inventory after that month.

[SSA0536 Leam]

Never the less; it is fantastic to see management improve the fantastic array of aircraft that pilots have on offer with this wonderful airline. Well done to all involved and can't wait to get stuck into the cargo flights very shortly when I graduate to Class V

[SSA0001 Chris]

Should make SGL very very interesting, indeed.

[SSA0049 Alan]

Great news and a nice expansion to SGL especially the DC-10 !

[Captain Jim]

Great news. Now to dust of the old CLS DC-10. Though I still have a few more hours to do that.

Jim