Virgin Express: press release

PARIS, March 5, 2003 (PRIMEZONE) -- CMA CGM, the leading French shipping company, and Virgin Express (Euronext Brussels: VIRE) (OTCBB:VIRGY), the European low fare airline, have taken notice of the Air Lib file and confirm their interest in creating and developing a new airline operation in France.

In this respect, CMA CGM and Virgin Express hope to be able to make an offer in the coming days to acquire part of the assets of the Group Air Lib, and hiring enough Air Lib staff to offer services on the routes that will be continued.

As soon as circumstances allow, more information will be provided in a follow-up press release.


Contact Data