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To: Brad who wrote (686)	3/9/1998 9:54:00 AM
From: JRR4	Read Replies (1) \| Respond to of 1121

Here's an e-mail I got concerning AVIA purchasing KIWI Airlines. Looks like this one could go from 7 to 20 fairly quickly. SOURCE: Aviation Industries Corporation Aviation Industries in Negotiations to Merge With KIWI ROSELAND, N.J., March 6 /PRNewswire/ -- Aviation Industries Corporation (OTC Bulletin Board: AVIA - news) announced today that it has increased its investment in KIWI International Holdings, Inc. (OTC: Bulletin Board: KIWI), terms of which were not disclosed. An Aviation Industries spokesperson further disclosed that it has entered into an agreement to negotiate in good faith to complete a merger agreement with KIWI International Holdings, subject to mutual due diligence and regulatory approval. KIWI International Holdings, Inc. owns KIWI International Air Lines. Aviation Industries currently owns a convertible security in KIWI International Holdings. Aviation Industries released the following statement, ''We believe KIWI has a solid route structure, well-known name and excellent employee base. All KIWI flights are operating as scheduled and the company has experienced increased bookings. With additional capital, KIWI expects to expand its marketing activities and begin the acquisition of smaller aircraft, which will allow it to serve more markets. The basis for a profitable company is there.'' KIWI has current revenues in excess of $80 million. Aviation Industries has also retained AIBC Investment Services Corporation to advise it on the merger of the companies. Aviation Industries, based in Roseland, NJ is a newly formed investment company concentrating its efforts on the regional and charter aviation markets. In February, Aviation Industries provided the debtor-in-possession financing for Sun Jet International Airlines. Based in Newark, NJ, KIWI has 650 employees and serves New York, Chicago, Boston, Atlanta, Orlando, Palm Beach and San Juan. This release contains forward-looking statements, statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results in future periods to differ materially from what is anticipated. SOURCE: Aviation Industries Corporation