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Tower Air Expands Its Fleet of 747 Aircraft.



QUEENS, N.Y.--(BUSINESS WIRE)--Nov. 4, 1997--

Adds two passenger aircraft to fleet and converts another for

cargo service

Tower Air (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: TOWR), the U.S. airline operating scheduled domestic and international flights from its base terminal at New York's JFK International Airport, will add two Boeing 747-200 passenger aircraft to its fleet and will retire one of its older Boeing 747-100 passenger aircraft from service in the first quarter of 1998. The airline will also convert one of its existing Boeing 747-200 passenger aircraft for cargo service by the end of the first quarter of 1998.

The two Boeing 747-200 aircraft, leased from GE Capital Aviation Services as part of Tower Air's long-term plan to renew its passenger fleet, are being refurbished to Tower's specifications and will be place in service in January and February 1998. Tower Air's entire fleet consists of Boeing 747s, and each of the two leased aircraft were built in 1980 and 1981 respectively.

By converting one of its passenger aircraft for cargo use, Tower Air will double its cargo capacity. The airline presently operates worldwide cargo service with one B-747 aircraft.

"These fleet enhancements upgrade our international passenger service and significantly increase our cargo capacity," said Morris Nachtomi, chief executive officer of Tower Air. "This is a key part of our long-term strategy to build our airline," he said.

Tower Air, founded in 1982, is one of the busiest carriers at John F. Kennedy International Airport
''For the regional airport in Wisconsin, see John F. Kennedy Memorial Airport.


John F. Kennedy International Airport (IATA: JFK, ICAO: KJFK, FAA LID: JFK
 with regular service to Athens, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Miami, Paris, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , San Juan San Juan, city, Argentina
San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region.
, and Tel Aviv. In addition to passenger and cargo flights, the company provides worldwide commercial and military charters.

CONTACT: Tower Air

Ramesh Punwani, 718/553-4366

or

Rubenstein Associates, Inc. -- Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  

Gerry Casanova, 212/843-8067
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Publication:Business Wire
Date:Nov 4, 1997
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