22nd Oct 2008 07:00
22nd October 2008
LONRHO PLC
("Lonrho" or the "Company")
"Lonrho's Fly540 to transport 520 tons of cargo for the World Food Program"
Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it's aviation subsidiary, Fly540, is to transport 520 tons of cargo for the World Food Program.
Fly540 Uganda will transport 520 MT of cargo, consisting of food and non food items from Entebbe Uganda to Dungu in the Democratic Republic of Congo for the World Food Program (WFP) agency based in Kampala. The agreement consists of transporting 250 tons of food items and an additional 270 tons of non food items (NFT) to relief camps in DUNGU in ITURI Province.
The signing of the agreement falls in line with the renewed objectives of Fly540, in terms of its on-going expansion and presence in the region, whilst providing a spectrum of aviation related services, especially to deprived and remote areas with limited current access.
Fly540's freighters, stationed in Entebbe, Uganda, have a cargo capacity of 5 tons and the aircraft's loading capacity, range, reliability, operating cost and unlimited restriction to operate on remote airfields are generating strong business. 540 Uganda will assign two freighters on a full time basis to carry out 104 rotations to fulfil this contract.
David Lenigas, Lonrho's Executive Chairman commented:
"We are delighted that the Fly540 business model continues to develop. It is encouraging that more and more customers are coming to understand the capabilities and reliability of Fly540 in the East African market. The work the World Food Program undertakes in Africa is vitally important, and we are proud to be a part of their logistics process."
LONRHO ENQUIRIES
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Lonrho Plc |
+44 (0)20 7016 5105 |
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David Lenigas, Executive Chairman |
+44 (0)7881 825 378 |
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Geoffrey White, Chief Executive Officer |
+44 (0)7717 307 308 |
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Emma de Borchgrave, Executive Director |
+44 (0)7867 785 177 |
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Pelham PR |
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Charles Vivian |
+44 (0) 20 7743 6672 |
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+44 (0) 7977 297903 |
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James MacFarlane |
+44 (0) 20 7743 6375 |
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+44 (0) 7841 672831 |
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NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company's shares are traded on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services, hotels and natural resources. The Company has over 19,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Lonrho Mining - www.lonrhomining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Swissta Holdings - www.swissta.com
Bytes and Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
LonZim - www.lonzim.co.uk
Related Shares:
Lonrho