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Last updated on April 23, 2014 at 21:24 EDT

Latest World Airways Stories

2014-01-10 16:20:18

World Airways Seeks Second Concessionary Agreement Within Sixteen Months WASHINGTON, Jan. 10, 2014 /PRNewswire-USNewswire/ -- Today, Teamster representatives of the Flight Attendants and Pilots of World Airways announced that bankruptcy discussions with their employer failed to yield an agreement on concessions their carrier was seeking. (Logo: http://photos.prnewswire.com/prnh/20100127/IBTLOGO) Approximately one year ago, Teamsters members sacrificed $75 million in concessions...

2013-08-23 20:20:16

MIAMI, Aug. 23, 2013 /PRNewswire/ -- Pan Am International Flight Academy and Pan Am Holdings, Inc. (collectively "Pan Am") announced today it has been purchased by ANA Holdings, the parent company of All Nippon Airways Co. Ltd, one of the leading airlines in the world. Former owner, American Capital, Ltd sold Pan Am, held in its portfolio since 2006 in an agreement reached today. The combination of Pan Am and All Nippon Airways makes for a strong partnership and positions the new...

2013-06-17 08:21:48

PEACHTREE CITY, Ga., June 17, 2013 /PRNewswire/ -- Peachtree City, Georgia-based Global Aviation Holdings Inc., the largest commercial provider of charter air services to the US Military and a major provider of worldwide commercial global passenger and cargo air transportation services, announced today that John Graber will join the company as its new Chief Executive Officer and a member of its Board of Directors, effective Monday, June 17. James Lachance, Chairman of Global Aviation...

2013-04-19 16:20:55

Federal Lawsuit Underscores Alienation of Labor Stakeholders WASHINGTON, April 19, 2013 /PRNewswire-USNewswire/ -- The International Brotherhood of Teamsters, which represents approximately 340 pilots and flight attendants for Global Aviation's two airlines World Airways and North American Airlines, are calling on the company's board of directors to take swift and decisive action in selecting a chief executive officer with a proven track record of turning an airline around....

2013-02-13 16:21:15

PEACHTREE CITY, Ga., Feb. 13, 2013 /PRNewswire/ -- Global Aviation Holdings Inc. (the "Company') announced today that its plan of reorganization (the "Plan"), which was approved by the United States Bankruptcy Court for the Eastern District of New York on December 6, 2012, became effective today allowing the Company to complete its financial restructuring and emerge from Chapter 11. (Logo: http://photos.prnewswire.com/prnh/20090226/CL74946LOGO) The Plan reflects a global settlement with...

2012-02-28 19:26:00

PEACHTREE CITY, Ga., Feb. 28, 2012 /PRNewswire/ -- Global Aviation Holdings Inc. ("Global" or the "Company") today announced that the United States Bankruptcy Court for the Eastern District of New York (Brooklyn) approved the Company's debtor-in-possession (DIP) financing, on an interim basis. An initial tranche of $15 million will be available immediately, allowing Global to continue to meet its working capital needs. Two subsequent tranches of $15 million each will also be made available...

2012-02-07 10:06:00

PEACHTREE CITY, Ga., Feb. 7, 2012 /PRNewswire/ -- Global Aviation Holdings Inc. ("Global" or the "Company"), today announced that it received approval of all critical motions at its "first-day" hearing in the United States Bankruptcy Court for the Eastern District of New York (Brooklyn) (the "Court") presided over by the Honorable Chief Judge Carla E. Craig. Requests included covering its obligations to employees and customers, business operations, tax matters, cash management,...

2012-02-05 17:02:00

PEACHTREE CITY, Ga., Feb. 5, 2012 /PRNewswire/ -- Global Aviation Holdings Inc., the parent company of World Airways, Inc., North American Airlines, Inc. and other subsidiaries, today announced that to achieve a cost and debt structure that is industry competitive and continue to provide outstanding service to its customers, it has commenced a financial restructuring through the voluntary filing of petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United...

2012-01-26 14:50:00

PEACHTREE CITY, Ga., Jan. 26, 2012 /PRNewswire/ -- Valentine's Day is coming, and when love is in the air, fresh flowers must be in the air -- air cargo, that is. World Airways is supporting the heavy 2012 Valentine's Day demand for fresh roses from Latin America by providing a Boeing 747 freighter to Tampa Cargo just in time for the holiday. World, a subsidiary of Global Aviation Holdings, is providing the freighter to bring hundreds of tons of fresh flowers into North America in...

2012-01-19 09:20:00

PEACHTREE CITY, Ga., Jan. 19, 2012 /PRNewswire/ -- World Airways, a subsidiary of Global Aviation Holdings, and Silk Way Airlines have completed a teaming agreement to provide outsized air freight service to the U.S. military. The agreement provides freight services beginning in January utilizing Silk Way's IL-76 aircraft. Global Aviation provides lift for U.S. military passengers and cargo on its two charter airlines, World Airways and North American Airlines, through its teaming...