Southern Air Appoints Industry Veteran Robert L. Crandall to Board of Directors

NORWALK, Connecticut, January 31, 2011 - Southern Air Holdings, Inc. today announced that Robert L. Crandall,
former Chairman and Chief Executive Officer of AMR Corporation and American
Airlines, has been appointed to the company's Board of Directors.

"Southern Air is one of the most experienced and fastest growing air
cargo carriers in the world," said Mr. Crandall. "The company has an
exceptional record of performance and great potential in its markets. I look
forward to working closely with CEO Dan McHugh, his management team and the
Board to support Southern Air's continued expansion and long-term success."

"Bob is renowned in the industry and his decision to join our Board is an
important endorsement of what we are accomplishing at Southern Air," said
Daniel J. McHugh, Chief Executive Officer of Southern Air. "His deep
knowledge of the aviation industry and proven track record of leadership will
be invaluable as we seek to position the company to be the world's leading
ACMI operator by continuing to expand our customer offerings while
maintaining the highest standards of safety, reliability and customer
service."

"We are very excited to have Bob join the Southern Air team," said Rowan
Taylor, Chairman of the Board of Southern Air and a Partner at Oak Hill
Capital Partners. "His profound industry and business experience will be a
great asset to Southern Air as it continues to expand and upgrade its fleet
and extend its global reach."

Mr. Crandall joined American Airlines in 1973, becoming President in
1982, and Chairman and CEO in 1985. During his 25-year tenure, Mr. Crandall
was instrumental in introducing several changes that revolutionized the
travel industry. This includes launching an expansion program at American
Airlines which more than tripled the company's size and transformed it from a
medium-sized domestic carrier to one of the world's leading international
airlines with revenues of more than $20 billion.

Mr. Crandall is currently Chairman of the Board of Directors of Celestica
Inc. and a Director of Aircell.

He earned a B.S. from the University of Rhode Island and an M.B.A. from
the University of Pennsylvania's Wharton School.

About Southern Air

Southern Air was founded in 1947 as a low-cost, high-quality global cargo
carrier specializing in the provision of block space and aircraft, crew,
maintenance, and insurance ("ACMI") services. Southern Air's blue-chip
customer base includes some of the world's largest combination cargo carriers
and government agencies. Southern Air operates a fleet of 14 Boeing 747 and
two new 777 freighter aircraft and is the first ACMI operator in the world to
operate the new Boeing 777 Freighter. For more information about Southern
Air, visit: www.southernair.com.

    Media Contacts:
    Mark Semer / Sofia Mata-Leclerc
    Kekst and Company
    Tel: +1-212-521-4800

Mark Semer or Sofia Mata-Leclerc, Kekst and Company, +1-212-521-4800