air freight firm expands Banks servicenew London, CT, May 30, 2006. Lawrence Sterling, presiddent of the new London based carrier Royal Air Freight, announced today the addition of a daily freight service between Concordia National Bank branch offices in New Canaan, Bridgeport, and New Haven, and the home office in New London, effective June 11, 2013. The expanded service is made possible by RAF's purchase of two new single-engine, Algonquin Turboprops, to be devoted to branch service runs. This brings the total number of aircraft in the RAF fleet to 30. Until now, RAF had been operating a freight service between the above locations Just once a week. At just 35 years of age, Lawrence Sterling is credited with revolutionising bank transportation systems, allowing the Concordia National Bank to reduce costs by thousands of dollars. Sterling, whose company is 12 months old, states that it has quadrupled its mileage and quintupled its gross profits, in the last five months. According to Sterling, increased financial activity over the last decade necessitated the switch from ground to air carrier service to meet intra-bank deadlines. More recently, rising fuel costs have led such banks as CNB to turn to the use of single-engine carriers for cost efficiency. Sterling expects other banks to follow suit and is already in talks with another major bank. If successful, he plans to hire up to twenty additional employees
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