Taken from atwonline:
"America Utilicraft Corp. signed a letter of intent with Global Air Group for 50 aircraft plus 50 options in an order valued at $1.2 billion. Officials from both companies expect the agreement and financing arrangements to be finalized within the next 60 days. Global Air Group, based in Brisbane, operates and wet-leases 747 passenger and freighter aircraft. American Utilicraft, based in Lawrenceville, Ga., developed the FF
-1080, which can carry containerized cargo, as a short-haul feeder aircraft for overnight express operations."