Here's they're weekly press release, this time they're now flying with DC-9s. Who in the world in Fina Air in Puerto Rico? I've never heard of them...
Auxer Announces Agreements with Fina Air of Puerto Rico and NEA HOLDINGS, INC.
Monday April 21, 10:49 am ET
TRAVERSE CITY, Mich.--(BUSINESS WIRE)--April 21, 2003--THE AUXER GROUP, INC. (OTCBB: AXGI - News) announced today it has entered into a passenger service connector agreement with Fina Air of Puerto Rico and pursuant to this agreement has signed a Letter of Intent and Memorandum of Understanding for the purchase of Two (2) former Boeing-Douglas DC-9-32 passenger aircraft (Mfg. Serial Numbers 47172 registry N926L and 47174 registry N929L) from NEA HOLDINGS, INC. of Delaware.
Both of these DC-9-32 aircraft were formerly operated by Trans World Airlines ("TWA") and are configured with 100 seats (16 First Class and 84 Economy Class). Negotiations are underway with Evergreen Air Center, Inc. of Marana, Arizona to perform the heavy maintenance work packages, including avionics upgrades with the latest in GPS navigation technology including fresh customized paint, installation of over water equipment and possible interior reconfiguration upon delivery. The maintenance work package, repainting and other updates will take approximately 45 to 60 days.
Robert J. Scott, President and CEO of Auxer, stated, "Fina Air gives us a working relationship that will provide a low cost vehicle to transport Caribbean passengers to and from our Viva Airlines subsidiary's Dominican Republic hubs. Fina will complement Viva as well as providing significant cost savings. The DC-9-32's will be used in the Fina operation and supported by a cost sharing or lease agreement".
Auxer Announces Agreements with Fina Air of Puerto Rico and NEA HOLDINGS, INC.
Monday April 21, 10:49 am ET
TRAVERSE CITY, Mich.--(BUSINESS WIRE)--April 21, 2003--THE AUXER GROUP, INC. (OTCBB: AXGI - News) announced today it has entered into a passenger service connector agreement with Fina Air of Puerto Rico and pursuant to this agreement has signed a Letter of Intent and Memorandum of Understanding for the purchase of Two (2) former Boeing-Douglas DC-9-32 passenger aircraft (Mfg. Serial Numbers 47172 registry N926L and 47174 registry N929L) from NEA HOLDINGS, INC. of Delaware.
Both of these DC-9-32 aircraft were formerly operated by Trans World Airlines ("TWA") and are configured with 100 seats (16 First Class and 84 Economy Class). Negotiations are underway with Evergreen Air Center, Inc. of Marana, Arizona to perform the heavy maintenance work packages, including avionics upgrades with the latest in GPS navigation technology including fresh customized paint, installation of over water equipment and possible interior reconfiguration upon delivery. The maintenance work package, repainting and other updates will take approximately 45 to 60 days.
Robert J. Scott, President and CEO of Auxer, stated, "Fina Air gives us a working relationship that will provide a low cost vehicle to transport Caribbean passengers to and from our Viva Airlines subsidiary's Dominican Republic hubs. Fina will complement Viva as well as providing significant cost savings. The DC-9-32's will be used in the Fina operation and supported by a cost sharing or lease agreement".