SOURCE: 1st-Air.Net

December 16, 2008 21:26 ET

1st-Air.Net Warns Around the World Business and First Class Fares May Rise With Weakening U.S. Dollar

NEW YORK, NY--(Marketwire - December 16, 2008) - As the U.S. dollar continues its tumble after the Federal Reserve cut its benchmark interest rate more than expected, exceptional business and first class travel deals created by a strong U.S. currency may soon be disappearing. International premium class specialist 1st-Air.Net (www.1st-air.net) reports the rise of the U.S. dollar has made pricey tickets like first and business class around the world tickets significantly less expensive if purchased using U.S. dollars but originating offshore. The weakening of the U.S. dollar will cause these values to disappear. As an example, the One World Alliance sells its four continent business class around the world fare for US$9,100 when travel departs from a U.S. gateway. The same around the world ticket purchased in New Zealand sells at NZD (New Zealand Dollars) 12,499.00. As of December 16th, 2008 one U.S. dollar buys 1.79 New Zealand dollars. This makes the New Zealand originated around the world ticket US$6,982, or 23% less expensive. On June 1st, 2008 one U.S. dollar bought 1.28 New Zealand dollars making the four continent business class around the world fare US$9,764 or 7% higher compared with the U.S. fare level at that time. A decline in the U.S. dollar would once again close the window of opportunity for U.S. originating travelers to find offshore savings, and create a new opportunity for the rest of the world to purchase in U.S. dollars.

This strategy does require the traveler to make an initial trip to New Zealand in order to start their ticket. To qualify for the New Zealand fare level, the ticket must be issued either in New Zealand or a country that has the same or lower fare level compared with the country of origin. Travelers interested in purchasing an offshore around the world ticket should find an agent in the country of origin or seek an international premium travel specialist. 1st-Air.Net has assisted premium class travelers with offshore fulfillment since 1998.

1stAir (www.1st-air.net), with offices in Chicago and Singapore, offers first and business class international travel at savings of 20% or more in markets without competitive fares. Since 1998, the company has used its proprietary routing technology and alliances to create value. 1stAir focuses on serving the needs of self-managed premium class travelers, whom managed their own travel arrangements.

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