Global Aviation Holdings

On November 12, 2013, the company announced that it is once again filing for Chapter 11 bankruptcy protection, shut down World Airways, and sold the remaining assets of North American Airlines in 2014.

The company had previously entered Chapter 11 bankruptcy on February 15, 2012, not long after shuffling assets and closing ATA Airlines.

Global Aviation Holdings had combined revenues of more than $1 billion, 30 leased aircraft (most from GECAS and ILFC), and more than 2,200 employees.

On the cargo side, Global Aviation Holdings operations performed by World Airways remain distant rivals to the vastly growing ABX Air's airline holdings operations and network which include the much smaller (ATI) Air Transport International and Capital Cargo International Airlines, at one time fierce competitors for similar contracts.

North American flew to the African continent with a link up to Virgin Nigeria Airlines, but all scheduled passenger service was discontinued in May 2008 as a result of the 2007-2008 fuel price rises.

[2] Global Aviation Holdings had substantial fleet operations transiting through Atlanta ATL, New York (JFK), Baltimore Washington BWI, Dallas Ft. Worth DFW and Houston (IAH)[citation needed] on a regular basis.

According to the referenced article in Businessweek, MatlinPatterson withdrew its Airbus order to resupply the Global fleet with newer technology widebody aircraft.

[6] As of May 2008, Global Aviation Holdings subsidiaries North American Airlines and World Airways did not offer any scheduled service.

On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc. in a $315 million all-cash transaction.