Corporate Profile for Polar Air Cargo Inc., dated Oct. 3, 1997.

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Published Date:   Oct. 3, 1997

Company Name:     Polar Air Cargo Inc.

Address:          100 Oceangate, 15th Floor
                  Long Beach, Calif. 90802

Main Telephone
 Number:          562/436-7471

Internet Home
 Page Address
  (URL)           www.polaraircargo.com

Chief Executive
 Officer:         Edwin "Ned" Wallace

Public Relations
 Contact:         Jim Goyjer, director, public affairs & corporate
                              communication
 Business number: 562/528-7205

Industry:         Transportation

Company description: Polar Air Cargo Inc. is one of the largest and fastest growing all-cargo carriers in the world and ranks fourth among the top five international all-cargo airlines. Currently, it also ranks No. 1 among U.S. National Carriers for cargo, surpassing Emery.

Polar is a global air carrier that specializes in providing time-definite, cost effective, airport-to-airport, scheduled all-cargo service, utilizing exclusively B747 freighter aircraft.

Polar was formed in 1993 by Edwin "Ned" H. Wallace, CEO, and Mark West, president, both veterans of the air cargo industry, with two leased B747-100 freighters.

The airline's inaugural flight was a charter between New York and Vienna, Austria, in April 1993. On May 13, 1993, scheduled trans-Atlantic services began from New York to Shannon, Ireland, and on to Moscow, under an arrangement with Aeroflot. Polar extended this flight to Hong Kong for return to the United States, marking Polar's first trans-Pacific scheduled service. Flights to the South Pacific soon followed, connecting the United States to Australia.

Polar realized its first profitable month in July 1993, two months after its first flight.

In the summer of 1994, Polar was certified as a supplemental air carrier by the U.S. Federal Aviation Administration (FAA), and on July 4, 1994, Polar was certified as a U.S. all-cargo carrier by the Department of Transportation. In May 1995, it was granted status as a U.S. flag carrier.

Today, Polar serves all the major economic regions of the world. The airline services more than 100 cities, by air and through scheduled road feeder connections, in the United States, Europe, Middle East, South Pacific, South America and Asia.

Polar Air Cargo has its corporate offices in Long Beach, Calif.

CONTACT: Polar Air Cargo