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Airship Operations, Inc. Announces Sale of Skyship to CargoLifter; Company Will Also be Providing Training.


Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--March 21, 2000

Airship airship, an aircraft that consists of a cigar-shaped gas bag, or envelope, filled with a lighter-than-air gas to provide lift, a propulsion system, a steering mechanism, and a gondola accommodating passengers, crew, and cargo.  Operations, Inc., has announced the execution of a (US) $6.4 million contract for a Skyship 600 B airship to be provided to CargoLifter, Inc., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of CargoLifter AG The company Cargolifter AG was created on first of September, 1996 in Wiesbaden, Germany with the goal of offering a logistics service based on point-to point transport of heavy and outsized loads. , a German based airship designer and manufacturer. The contract includes a training package designed to help CargoLifter achieve German approvals for the operation of airships.

CargoLifter is developing airships for the efficient transportation of extremely large and/or particularly heavy loads over long distances and with an ability to operate in remote areas without landing fields or adequate roads. The Airship Operations Skyship 600 B will be used to help CargoLifter to prepare for its future operations.

As part of the sales agreement, Airship Operations will build the Skyship at a hangar facility in Cardington, England. The build will start in early March, with the test flight expected over Cardington in late April.

The training program will begin after the completion of test flights in the U.K. The ship will depart England and cross the English Channel English Channel, Fr. La Manche [the sleeve], arm of the Atlantic Ocean, c.350 (560 km) long, between France and Great Britain. It is 112 mi (180 km) wide at its west entrance, between Land's End, England, and Ushant, France. Its greatest width, c.  for its new home base in Brand, Germany, where CargoLifter is building the world's largest hangar facility.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mike Litherland, the Operations Manager See datacenter manager.  for CargoLifter, "The Skyship has been purchased with the aim of preparing CargoLifter for its future large airship operations. It will assist in the process of obtaining an initial Air Operator's Certificate by developing the necessary company facilities and procedures and will facilitate lighter-than-air training of our large airship test and line operating crews."

Additionally, where the training program permits, the Skyship 600 B will be used for more traditional airship activities, such as corporate flights, aerial camera work and scientific research.

Global Skyship Industries, Inc., the sister company to Airship Operations, owns the Type Certificates to the Skyship Series Airships. They are the world's largest certified See certification.  airships in operation.

For additional information about CargoLifter, contact: Mike Litherland, www.cargolifter.com

For additional information about Airship Operations, contact: Suzanne Pelisson, 407-973-9112; www.globalskyships.com or www.airshipoperations.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 21, 2000
Words:342
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