Exhibit 10.8
[MALAYSIA AIR LOGO APPEARS HERE]
Comapny no. 10601-W
23 October 1997
Fax No. 00-0-000-000-0000
No. of pages: 3 (inclusive of this page)
Xx. Xxx Xxxxxxx
Vice President, Cargo
World Airways, Inc.
00000 Xxxx Xxxxxx Xxxx
#000 Xxxxxxx, XX 00000
Dear Xxx,
AMENDMENT NO. 7 TO FREIGHTER SERVICES AGREEMENT
We forward herewith Amendment No. 7 to the Freighter Services Agreement which
has been duly signed by Dato' Xxxxxx Xxxxx and Xx. Xxxxx Xxxxxx for your
attention.
Yours faithfully,
/s/ VISVA XXXXXXXXXX
VISVA XXXXXXXXXX
Business Development Manager
cc: Ag. General Manager Cargo Sales, MH (Fax-746 4553)
Corporate Secretary & Counsel, MH (Fax-261 3631)
General Manager KUL-WO (Fax-746 5176)
AMENDMENT NUMBER 7
TO
FREIGHTER SERVICES AGREEMNT
This Amendment Number 7 to the Freighter Services Agreement dated October
6, 1994, between World Airways, Inc., a Delaware corporation ("World" or "World
Airways") and Malaysian Airline System Berhad, a Malaysian corporation ("MAS")
as amended by Amendment Number 1 thereto dated December 31, 1994, Amendment
Number 2 thereto dated February 9, 1995, Amendment Number 3 dated March 5, 1995,
Amendment Number 4 dated as of July 10, 1995, Amendment Number 5 dated July 24,
1995, and Amendment Number 6 dated September 20, 1995 (collectively hereinafter
referred to as the "Agreement") is entered into this ___ day of August 1997.
WHEREAS, the parties desire to return the Aircraft for a short period
during 1997; and
WHEREAS, at MAS's request World has assisted in marketing, and will
continue to assist in marketing, the Aircraft to other users for periods of time
MAS is not able to utilize the aircraft: and
WHEREAS, the parties desire to acknowledge the date and location of an
exchange of Aircraft under the Agreement.
NOW, THEREFORE, in consideration of the foregoing and other mutual
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree to further amend the Agreement as follows:
1. On August 21, 1997, in Amsterdam, World will deliver Aircraft N276WA to
MAS, and MAS will deliver Aircraft N274WA to World.
2. Pursuant to Section 10.1 of the Agreement, World agrees to assist MAS
in marketing one or more of the Aircraft during periods when they are
not being utilized by MAS. World will provide written notice to MAS
whenever one or more of the Aircraft are successfully marketed to
another party, such notice to include the dates the Aircraft will be
committed to such third party's use, and therefore unavailable to MAS.
World's prior actions in marketing the Aircraft and committing such
Aircraft to a third party's use are hereby ratified and confirmed. The
marketing assistance provided by World does not amend or modify any of
MAS's obligations under the Agreement, except as specifically set forth
in the Amendment No. 7.
3. Pursuant to Section 10.1 of the Agreement, MAS hereby agrees to deliver
Aircraft N276WA to World on December 14, 1997 in Kuala Lumpur, and
World agrees to deliver Aircraft N276WA to MAS on December 31, 1997 in
Kuala Lumpur.
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4. The Minimum Monthly Block Hour Guarantee shall be reduced on a pro rata
daily basis for the period or periods an Aircraft under the Agreement
is returned to World Airways or committed to a third party's use.
5. Except as amended hereby, all of the terms and conditions set forth in
the Agreement shall remain the same in full force and effect.
Capitalized terms used herein shall have the meaning ascribed to them
in the Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement Number 7
to be executed by their duly authorized officers as of the day and year first
above written.
MALAYSIAN AIRLINE SYSTEM WORLD AIRWAYS, INC.
BERHAD
By: /s/ Dato' Xxxxxx Xxxxx By: /s/ Xxxxx X. Xxxxxx
-------------------------- ---------------------------
Dato' Bashir Xxxxx Xxxxx X. Xxxxxx
Executive Vice President Executive Vice President
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