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Office of International Aviation Filings for July 9, 1997

 

Applications for Statement of Authorization and Wet Lease:

ALM | Challenge Air Cargo

Approved/Dismissed Applications:

Air Atlanta Icelandic | FWIA | Japan Charter Report | Rio Express and Aerocancun

Applications Received and Not in Public Binder:

Aeroflot, 97-447, July 8, 1997



Air Atlanta Icelandic

97-444 | July 8, 1997 | Approved July 8, 1997 for 7/8-7/12/97

Statement of Authorization

London – New York – London for July 8-9, 1997 using L-1011 equipment carrying passengers and cargo

Charterer: British Airways, London, England

Counsel: Boros Garofalo, Don Hainbach, 202-822-9070

Index


ALM Antillean Airlines

July 9, 1997

Re: Application for a Statement of Authorization

Statement of Authorization to operate three roundtrip charter flight for Air Aruba N.V. Air Aruba has requested ALM to operate these subservices on an emergency basis on its behalf due to a mechanical breakdown of one of Air Aruba's aircraft.

Aruba-Miami-Aruba for 7/9-7/11/97 using MD-82 equipment.

Counsel: Ginsburg Feldman, Bruce Rabinovitz, 202-637-9036

Index


Challenge Air Cargo, Inc.

July 9, 1997

Re: Recent Developments

As is the case with many airlines, Challenge experiences seasonal fluctuations in cash flow. These fluctuations can be significant, as the Latin American markets in which Challenge operates generally produce a large share of Challenge's revenue during the periods immediately preceding Christmas and Valentine's Day.

As was the case last year, during the course of conducting their regular annual review, Challenge's outside auditors expressed concern about the cash flow fluctuations. In order to address this concern, Challenge's shareholders -- Mr. Spohrer and Mr. Ullrich -- have advised the Company and the auditors of their willingness to provide additional funds to the Company as might be needed in the future to bolster cash flow. As of this date, there has been no need for any such additional funds and there is no current expectation that any such additional funds will actually be required, a. Challenge is, in fact, managing its cash flow requirements in the same manner as it ha. successfully done in past years.

Although it is not entirely clear that the above matter necessarily constitutes a reportable event under Order 93-7-25 (given the absence of any actual additional investment), Challenge nevertheless is bringing this matter to your attention out of an abundance of caution. Challenge will report any future, related developments, should any occur.

Counsel: Zuckert Scoutt, William Callaway, 202-298-8660

Index


Florida West International Airways, Inc.

July 7, 1997

Notice of Consistency for May and June US-Brazil Cargo Charter

Index


Japan Charter Report

Continental Micronesia – July 7, 1997

Operated 18 one-way charters

Federal Express – July 1, 1997

Seattle-*Anchorage-Narita for June 24, 1997

Index


Rio Express Airlines and Aeronautica de Cancun, S.A. de C.V.

97-436 | July 3, 1997 | Approved July 3, 1997 for 7/3-8/6/97

Re: Joint Application for Statement of Authorization

Counsel: Jim Marquez, 703-734-4382, jmarq19562@aol.com

Index


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