Kitty Hawk Receives Seventh Consecutive FAA Diamond Award
05 März 2007 - 12:00PM
Business Wire
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.
Kitty Hawk (AMEX:KHK)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Kitty Hawk (AMEX:KHK)
Historical Stock Chart
Von Mai 2023 bis Mai 2024