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Kitty Hawk, Inc. (AMEX: KHK), today announced that its
wholly-owned subsidiary, Kitty Hawk Air Cargo, has been awarded its
seventh consecutive FAA Diamond Certificate of Excellence. The Diamond
Certificate is the highest award administered by the FAA's Aviation
Maintenance Technician Award program, which the FAA instituted to
provide incentives for aviation maintenance technicians to participate
actively in initial and recurrent training programs.
Kitty Hawk Air Cargo achieved 100% participation of eligible
individuals for the third year in a row, double the 50% threshold
required for the Diamond level. To fulfill the requirements, Kitty
Hawk provided Federal Air Regulations and human factors training to
the maintenance staff.
"This award recognizes our continued dedication to promote
aviation safety and provide our staff with extensive training," said
Robert W. Zoller, president and chief executive officer of Kitty Hawk,
Inc. "We congratulate each of the employees that participated in this
program and thank them for their hard work and commitment."
Robbie Barron, vice president and chief executive officer of Kitty
Hawk, accepted the award on behalf of the Company at a ceremony on
February 22, 2007 at Kitty Hawk's Dallas-Fort Worth offices.
Individual awards were presented by FAA staff to Kitty Hawk's
Dallas-based Aviation Maintenance Technician and Aircraft Engineering
staff. A similar award ceremony will be conducted for Kitty Hawk's
Aviation Maintenance Technicians assigned to the Company's sort
facility in Fort Wayne, Indiana later this month.
About Kitty Hawk, Inc.
www.kittyhawkcompanies.com
As a recognized leader in customer service, Kitty Hawk is the
premier provider of guaranteed, mission-critical, time-definite
overnight air, second-morning air and time-definite expedited ground
freight transportation to major business centers, international
freight gateways and surrounding communities throughout North America,
including, Alaska; Hawaii; Toronto, Canada; and San Juan, Puerto Rico.
Kitty Hawk's scheduled freight network and award-winning, guaranteed
overnight time-definite air or expedited ground products are ideal for
heavy-weight (over 150 lbs.), high-value or high-security, special
goods with unique dimension, perishable, animal and/or other shipments
requiring special handling.
With more than 30 years experience in the aviation and air freight
industries, Kitty Hawk plays a key connecting role in the global
supply chain. Kitty Hawk serves the logistics needs of more than 550
freight forwarders, integrated carriers, domestic and international
airlines and logistics companies with its extensive integrated air and
ground network, fleet of Boeing 737-300SF and 727-200 cargo aircraft,
as well as a 240,000-square-foot cargo warehouse, U.S. Customs
clearance and sort facility at its Fort Wayne, Indiana hub.
In 2005, Kitty Hawk became the North American launch customer for
the fuel-efficient and environmentally friendly Boeing 737-300SF cargo
aircraft. In late 2005, Kitty Hawk launched its new coast-to-coast and
border-to-border expedited ground network reaching key business
centers throughout the US, Canada and Mexico. In early 2006, to manage
the growing demand for its high customer service ground freight
product Kitty Hawk formed Kitty Hawk Ground, Inc. In June 2006, Kitty
Hawk Ground acquired and began integrating the majority of the assets
of 20-year-old Air Container Transport (ACT), the dominant expedited
airport-to-airport freight trucking company operating from
Southwestern Canada to San Diego as well as additional cities as far
east as Texas and Illinois. In early 2007, Kitty Hawk is scheduled to
implement its new internet-based, customer-focused information
technology and cargo management platform which is specifically
designed for enhanced customer service and communications, tracing and
tracking of shipments as well as operation management for all of the
Company's air and ground network, regional hub operations and cargo
accounting and related administrative functions.
Statement under the Private Securities Litigation Reform Act:
This report may contain forward-looking statements that are
intended to be subject to the safe harbor protection provided by
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future
events or future financial and operating performance and involve known
and unknown risks and uncertainties that may cause actual results or
performance to be materially different from those indicated by any
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "forecast," "may,"
"will," "could," "should," "expect," "intends," "plan," "believe,"
"potential" or other similar words indicating future events or
contingencies. Some of the things that could cause actual results to
differ from expectations are: economic conditions; the impact of high
fuel prices; our inability to successfully operate the C-NET network
which could result in monetary performance penalties imposed by the
USPS, our inability to successfully implement and operate our expanded
scheduled airport-to-airport expedited ground freight network; our
inability to successfully operate and integrate the Air Container
Transport operation and to retain their customers; failure of key
suppliers and vendors to perform; our inability to attract sufficient
customers at economical prices for our expanded ground network;
unforeseen increases in liquidity and working capital requirements
related to our expanded ground network; potential competitive
responses from other operators of nationwide airport-to-airport ground
freight networks; the continued impact of terrorist attacks, global
instability and potential U.S. military involvement; the Company's
significant lease obligations and indebtedness; the competitive
environment and other trends in the Company's industry; changes in
laws and regulations; changes in the Company's operating costs
including fuel; changes in the Company's business plans; interest
rates and the availability of financing; limitations upon financial
and operating flexibility due to the terms of our credit facility;
liability and other claims asserted against the Company; labor
disputes; the Company's ability to attract and retain qualified
personnel; and inflation. For a discussion of these and other risk
factors, see the Company's most recent Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q filed with the Securities and Exchange
Commission. All of the forward-looking statements are qualified in
their entirety by reference to the risk factors discussed therein.
These risk factors may not be exhaustive. The Company operates in a
continually changing business environment, and new risk factors emerge
from time to time. Management cannot predict such new risk factors,
nor can it assess the impact, if any, of such new risk factors on the
Company's business or events described in any forward-looking
statements. The Company disclaims any obligation to publicly update or
revise any forward-looking statements after the date of this report to
conform them to actual results.
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