otc_bb_0015 - 2003-02-20 investment - otc bb lair
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otc_bb_0015 - 2003-02-20 investment - otc bb lair
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To: <chien@munged.ext>
From: "Johnny Rib" <raster55@cnotinfor.com.br>
Subject: otcbb LAIR with $18M contract3575
Date: Wed, 19 Feb 2003 08:01:28 -2000
X-OriginalArrivalTime: 19 Feb 2003 16:03:59.0510 (UTC) FILETIME=[8371D360:01C2D830]

NEW BELGIAN CARRIER; EX-SINGAPORE AIRCRAFT

OTCBB: LAIR - SPEEDNEWS.com reports on LAIR's lease
with BOEING for 5-Airbus A340-300 jets

Press Release
SOURCE: Speednews this week.
Visit: speednews.com/stw/default.html#belgium

L-Air Holding of Canada this week announced it has
executed a contract for the benefit of startup carrier
Belgium Universal Airways with the Brussels based Tour
Operator VGAA N.V.

Under the terms of this agreement, Belgium Universal
Airways will operate a route from Brussels to Yerevan
with a stop in Lyon France then to Los Angeles (LAX)
once a week with an Airbus A340-300 in a three class
configuration for the benefit of VGAA N.V.

The Airline says it has reached agreement with Boeing
to lease two ex-Singapore A340-300s, and plans to begin
flight operations in April 2003, or as soon as its Air
Operating Certificate is approved by Belgium Civil
Aviation Authorities. It plans to increase its fleet
to five aircraft by the end of 2003.

The anticipated network BUA will be operating for the
coming Spring/Summer season includes such destinations
as Punta Cana (Dominican Republic), Toronto, Montreal,
Delhi, as well as Yerevan, Lyon and Los Angeles, all
departing from Brussels. The fall/winter will see an
addition of new destinations including Tokyo, Bangkok,
Dubai, St Marteen, and Mauritius Island.

L-Air Holding is currently negotiating to acquire 49%
of Belgium Universal Airways.

Other Major Recent News - L-Air Holding, Inc. Announces $18
million contract with VGAA.

TORONTO, Ontario-- (BUSINESS WIRE) February 13, 2003.
L-Air Holding, Inc, (the "Company") (OTCBB:LAIR - News)
announces it has executed a contract for the benefit of
Belgium Universal Airways with the Brussels based Tour
Operator VGAA N.V., with registered offices at 400
Leopold I, represented by Mr. H. YERISTAN.

*********************Disclaimer********************
Information within this email contains "forward looking
statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21B of the Securities
Exchange Act of 1934. Any statements that express or
involve discussions with respect to predictions, goals,
expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not
statements of historical fact and may be "forward
looking statements."

Forward looking statements are based on expectations,
estimates and projections at the time the statements
are made that involve a number of risks and uncertainties
which could cause actual results or events to differ
materially from those presently anticipated. Forward
looking statements in this action may be identified
through the use of words such as: "projects", "foresee",
"expects", "estimates," "believes," "understands" "will,"
"anticipates," or that by statements indicating certain
actions "may," "could," or "might" occur. All information
provided within this email pertaining to investing, stocks,
securities must be understood as information provided and
not investment advice. Emerging Equity Alert advises all
readers and subscribers to seek advice from a registered
professional securities representative before deciding to
trade in stocks featured within this email. None of the
material within this report shall be construed as any
kind of investment advice.

In compliance with the Securities Act of 1933,
Section17(b), Undervalued Weekly Reporter discloses
the receipt of 167,500 unrestricted shares of LAIR
from a third party for the publication of this report.
Be aware of an inherent conflict of interest resulting
from such compensation due to our intent to profit from
the liquidation of these shares. Shares may be sold at
any time, even after positive statements have been made
regarding the above company. All factual information in
this report was gathered from public sources, including
but not limited to SEC filings, Company Press Releases,
and Market Guide.

Undervalued Weekly Reporter believes this information
to be reliable but can make no guarantee as to its
accuracy or completeness. Use of the material within
this email constitutes your acceptance of these terms.

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