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PRESS RELEASE

January 27, 2015: CAL Cargo airlines and ATC (Holland) announced today that ATC will be joining CAL's European network, acting as CAL's GSA in Holland. The announcement comes at the end of CAL's Global GSA Conference taking place in Belgium this week.

"Strengthening our presence in Europe with a new GSA is a great way to start the year," said Eyal Zagagi, CEO, CAL Cargo Airlines "We already work with the ATC team in the US and in Austria, so it seems a natural fit to further expand our partnership to Europe. We found ATC to be one of the most dedicated and professional GSA's in Holland and we look forward to working with them in close cooperation".

"The GSA agreement we signed this week is a great opportunity for both CAL and ATC to grow," said Arno van der Kooij, Country Manager of ATC, Benelux. "CAL's expertise in non-standard cargo complements our customer portfolio, and their "can-do" attitude means customers always get the answers they are looking for".

Effective as of February 1, 2015, ATC represents CAL's 56th GSA partner worldwide.

Established in 1976, the CAL Group proudly maintains three of expertise: (1) CAL Cargo Airlines- an all-cargo airline; (2) LACHS - Ground handling services in Liege cargo airport; (3) Trucking services throughout Europe and the USA. The CAL Group specializes in unique, complex and time and temperature sensitive cargo requirements such as pharmaceutical and healthcare products (CAL PHARMA), live animals (CAL LIVE), non-standard shipments (CAL BIG), dangerous goods (CAL DG) and perishables (CAL FRESH.)

Its main hub, located in Liege, (Belgium), provides immediate accessibility to all of Europe. Services include scheduled routes as well as ad-hoc and charter missions.

CAL is a private company owned by Mr. Offer Gilboa as the controlling shareholder and Viola Credit Fund as a minority shareholder. It maintains offices worldwide as well as a strong network of GSA's.

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