An air charter contract was signed between Fauve Intertrade Corporation, a global airline management company based in the U.S., and China International Travel Air Limited (CITA), a subsidiary of China International Travel Service Holdings (CITS), to begin the operation of scheduled tourism charters to all of China's approved international tourism destinations.

Fauve Intertrade Corporation is a joint-venture company formed between Agra Holdings USA, LLC, and Asia Aircraft Services with a capitalization of $1.5 billion in assets.  This contract is the first of its kind that will encompass China on a national basis and is expected to generate well over $1 billion in revenues over a three-year period, says Chung Leik Kok, CEO of Fauve Intertrade Corporation.
   
Fauve has signed agreements and contracts enabling it to provide charter management and travel consulting services to the aviation/tourism trade industry in China and the Asia-Pacific.  Its international tourism charters will be on a scheduled basis from China to East and Southeast Asia, Australia, New Zealand, Europe, and in the near future, the United States.

Fauve has been positively acknowledged by the Chinese Government as an airline management consulting business organization with full linkage and operational interest in Asia.  At this time, Fauve is heavily negotiating with several major airline carriers.  We will be scheduling a press conference with members from CITA, CITS and U.S. Government representatives, to be held in Washington, D.C., and Beijing, China, in the coming weeks, says Oscar C. Fields, CEO of Agra Holdings USA, LLC.