Exhibit 10.6
AMENDMENT NO. 5
TO
FREIGHTER SERVICES AGREEMENT
This Amendment No. 5 to the Freighter Services Agreement dated October 1,
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 No. 3 dated March 5, 1995,
and Amendment No. 4 dated July___, 1995 (collectively hereinafter referred to as
the "Agreement") is entered into this 24/th/ day of July, 1995, by and between
World Airways and MAS.
WHEREAS, the Agreement currently provides for a monthly minimum block hour
guarantee of 400 hours per aircraft provided pursuant to this Agreement; and
WHEREAS, the parties desire to permit the aggregation of the minimum
monthly block hour guarantees per aircraft to provide for a total monthly
minimum block hour guarantee for all aircraft provided pursuant to this
Agreement; and
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. Section 3.1 of the original Agreement dated October 1, 1994, which has
not heretofore been amended, is amended by adding the following sentence at the
end thereof:
"The minimum monthly block hour guarantee of 400 hours may be aggregated
for all aircraft provided pursuant to this Agreement, e.g., the minimum monthly
block hour guarantee for three aircraft is 1200 block hours per month."
2. Except as amended hereby, all the terms and conditions set forth in the
Agreement shall remain the same and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to
be executed by their duly authorized officers as of the day and year first above
written.
MALAYSIAN AIRLINE SYSTEM BERHAD WORLD AIRWAYS, INC.
By: /s/ Baharudin Ngah By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------- ---------------------------
Baharudin Ngah ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Director-Cargo Executive Vice President
