Reduced Verdict Against North American Airlines Accepted By Plaintiff
Posted on: Thursday, 16 March 2006, 18:00 CST
JAMAICA, N.Y., March 16 /PRNewswire-FirstCall/ -- North American Airlines, Inc., a wholly owned subsidiary of World Air Holdings, Inc. , announced today that a post-trial ruling to reduce compensatory and punitive damages to $3.1 million from an original verdict of $12.6 million was accepted on March 14, 2006 by the plaintiff, former North American pilot Randall Otto. California Superior Court judge Robert Freedman had previously ruled on post- trial motions on March 1, 2006 and set a deadline of two weeks for Otto's decision to accept or reject the ruling. A further hearing is scheduled for April 26, 2006 to determine liability for court costs and fees. North American is now free to vigorously pursue its appellate options.
North American Airlines, a wholly owned subsidiary of World Air Holdings, is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. Founded in 1989, North American operates a fleet of eight passenger aircraft in charter and scheduled service. For information, visit http://www.northamericanair.com/.
World Air Holdings, Inc.
CONTACT: Media, Steve Forsyth +1-770-632-8322, or Investors, JaniceKuntz, +1-404-352-2841, both of World Air Holdings, Inc.
Web site: http://www.worldairways.com/http://www.northamericanair.com/
Source: PRNewswire-FirstCall
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