||NORTH AMERICAN AIRLINES
||Currently Not Operational
||+1 (718) 656-2650
||+1 (718) 995-3372
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NNA-2005 9 MTHS
FOUNDED IN 1989 AND STARTED OPERATIONS IN 1990. DOMESTIC, REGIONAL & INTERNATIONAL, CHARTER, PASSENGER, JET AIRPLANE SERVICES.
SUITE 250, BUILDING 75
NORTH HANGAR ROAD, JFK INTERNATIONAL AIRPORT
JAMAICA, NEW YORK 11430, USA
USA (United States of America) was established in 1776, it covers an area of 9,363,123 sq km, its population is 280 million, its capital city is Washington DC, and its official language is English.
SEPTEMBER 1997: El Al (ELA), AND DAN MCKINNON, PRESIDENT ARE MAJOR SHAREHOLDERS.
155 EMPLOYEES (INCLUDING 38 FLIGHT CREW (FC)).
1 ORDER (AUGUST 1998) 737-800 (28215), (ILF) 7 YEAR LEASED.
OCTOBER 1997: 1 757-2Q8 (28164), EX-FLYING COLORS (FLN) LEASED DECEMBER 1997 TO APRIL 1998. EXPECTS TO BE 1ST 737-800 EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) OPERATOR.
JANUARY 1998: SAM MEO, DIRECTOR MAINTENANCE RESIGNS DUE TO HEALTH REASONS.
APRIL 1998: SIGNS UP FOR BOEING (TBC) DIGITAL PRODUCTS.
155 EMPLOYEES (INCLUDING 38 FLIGHT CREW (FC).
RETURNS 757-28A (28164), TO FLYING COLOURS (FLN).
MAY 1998: 1ST 4 MONTHS = 192 MILLION (RPK) TRAFFIC (-1.7%), 50.7% LF LOAD FACTOR, 82,000 PASSENGERS (PAX) (+28.1%).
AUGUST 1998: 2ND USA AIRLINE AFTER CONTINENTAL AIRLINES (CAL) TO RECEIVE 737-800. 1ST CHARTER USA AIRLINE TO DO SO. TO USE THE 169-PAX AIRPLANE FOR FEEDER FLIGHTS FOR EL AL (ELA), & FOR CHARTER FLIGHTS FOR CLUB MED, (GMV) & OTHERS, + WHITE HOUSE PRESS CORPS. AFTER CERTIFICATION FOR EXTENDED TWIN-ENGINE OPERATIONS (ETOPS), WILL BE USED FOR SERVICE TO THE AZORES.
SEPTEMBER 1998: 737-8Q8 (28215 "JANICE M"). RETURNED MD-83 (49808) (ILF), TO (ALS).
OCTOBER 1998: 1997 = +$1 MILLION (+$899,000) (NET PROFIT).
LETTER OF INTENT (LOI) 1 ORDER (FEBRUARY 1999) 737-800, GECAS (GEH) LEASED.
FEBRUARY 1999: 1 ORDER (APRIL 1999) 737-800 (28587), (GEH) LEASED, AND 1 ORDER (APRIL 1999) 757-200 (RB211) (28174), (ILF) LEASED. PLANS TO RETURN 1 757-200 (24567) TO AWAS (AWW), IN APRIL 1999.
MARCH 1999: 737-800 DELIVERY AFTER MODIFICATIONS AT TEMCO (28587, N802NA).
APRIL 1999: 155 EMPLOYEES (INCLUDING 38 FLIGHT CREW (FC)).
SITA: JFKNALY. JFKOWXG.
757-200 (28174), (ILF) LEASED.
JUNE 1999: APPLIES FOR 737-800 EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) APPROVAL. 757-200 DELIVERY.
JULY 1999: DEPARTMENT OF TRANSPORTATION (DOT) OK'S 2 YEAR EXEMPTION FOR SCHEDULED COMBI SERVICE, NEW YORK TO GEORGETOWN, GUYANA.
NOVEMBER 1999: 1998 = +$1.38 MILLION.
MARCH 2000: APPLIES FOR 737-800 EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) APPROVAL.
APRIL 2000: 230 EMPLOYEES.
MAJOR SHAREHOLDERS: DAN MCKINNON (75.1%), & EL AL (ELA) (24.9%).
MAY 2000: RECEIVES 120 MINUTES EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) APPROVAL FOR 737-800.
SCHEDULED SERVICE TO GEORGETOWN, GUYANA.
JULY 2000: NORTH AMERICAN AIRLINES (NNA) IS EXPECTED TO BE SOLD TO LASV ENTERPRISES, A CASINO AND RESORT COMPANY TO BRING CUSTOMERS TO ITS RESORT PROPERTIES IN NEVADA AND THE CARIBBEAN.
1999 = +$60,000 (+$1.38 MILLION): 719 MILLION (RPK) TRAFFIC (+21.1%); 49.8% LF LOAD FACTOR; 186,000 PASSENGERS (PAX) (-4.6%); 275 EMPLOYEES (+77.4%).
DECEMBER 2000: 1 757-28A (G-FCLI), JMC (JMA) WET-LEASED.
JANUARY 2001: 1 ORDER (APRIL 2001) 757-28A (29381), (ILF) LEASED.
APRIL 2001: 230 EMPLOYEES.
IN JUNE 2001, CHARTER FLIGHTS TO AGUADILLA.
JUNE 2001: TO SANTO DOMINGO (3/WEEK).
1 757-28A (32448, N756NA), (GEF) 6 YEAR LEASED.
JULY 2001: 1 757-200 DELIVERY.
AUGUST 2001: CONTINUES CHARTER FLIGHTS TO AGUADILLA, PUERTO RICO (757-200ER, WEEKLY).
DECEMBER 2001: TO AGUADILLA (CHARTERS, 2/WEEK).
July 2002: 2001 = +$3.42 million (+$1.17 million): 1.26 billion (RPK) traffic (+38.3%); 49.6% LF load factor; 490,000 passengers (PAX) (+57.1%); 230 employees (-11.9%). 1st Quarter = 132.67 million (RPM) (-41.6%); 79,000 (PAX) (-49%); 89.6% LF. 6 months = 248.34 million (RPM) (-41%); 145,000 (PAX) (-46.7%); 69% LF.
September 2002: 3-year contract with SunTrips for Oakland, & Denver, to Mexico (757).
737-8Q8 (28215), returned to (ILF), leased to Sun Country Airlines (SCA). 2 767-300ER's (27569), ex-Ansett (ANS) & (29898, N768NA), ex-Air Madagascar (MAD), GECAS (GEF) leased.
October 2002: Awarded a $338.8 million contract by USAF Air Mobility Command to provide charter, combi passenger & cargo, international airlift service.
737-8Q8 (28215), returned to (ILF).
December 2002: Charter flights for Caribbean Air Services, (JFK) - Port of Spain (767-300, weekly).
January 2003: Oakland - Honolulu/Kahului charters for SunTrips (757-200), previously operated by Ryan Intenational (RYN).
February 2003: In May 2003, Sacramento - Kahului charters for SunTrips.
757-28A (30043, N755NA), ex-National (NAB), (ILF) leased.
July 2003: Buys back El Al's 24.9% stake in North American Airlines (NNA) for $8.7 million, including its option to buy another 25%.
2002 = 1.39 billion (RPK) traffic (+10.5%); 63.9% LF load factor; 411,000 passengers (PAX) (-15.4%).
October 2003: Universal Express, New York agreed to purchase North American Airlines (NNA).
In November 2003, winter charters, Spokane - Maui (weekly), Anchorage - Maui (weekly), Boise - Maui (weekly), & December 2003, Fairbanks - Maui (weekly).
December 2003: Purchase by Universal Express has been called off due to unresolved issues following an accounting review.
April 2004: 454 employees (including 95 Flight Crew (FC), & 181 Cabin Attendants (CA).
1st Quarter = 682.9 million (RPK) traffic; 957.7 million (ASK) capacity; 71.3% LF load factor; 112,000 passengers (PAX).
767-39HER (26257), (ILF) leased.
July 2004: 2003 = +10.24 million: 2.41 billion (RPK) traffic (+73.3%); 67.8% LF load factor; 498,000 passengers (PAX) (+21.5%).
December 2004: Applies to the USA Department of Transportation (DOT) for March 2006, Oakland & Honolulu to Shanghai & Guangzhou. The flights were made available by the new bilateral agreement signed by the 2 countries earlier this year. Would acquire 777's if approved.
April 2005: World Air (WLD) Holdings acquires North American Airlines (NNA) for $35 million. The airlines will be managed and operated independently from each other. (NNA) employs 600.
May 2005: North American Airlines (NNA) performs USA domestic and international scheduled and charter flights. Also does wet-lease operations for major carriers.
621 employees (including 130 Flight Crew (FC) & 248 Cabin Attendants (CA)).
(IATA) Code: NA - 455. (ICAO) Code: NAO - NORTH AMERICAN.
Parent organization/shareholders: World Airways (WLD) (100%).
Alliances: El Al (ELA).
Main Base: New York Kennedy International airport (JFK).
Domestic, scheduled destinations: Honolulu; Kahului; New York; & Oakland.
International, Scheduled Destinations: Georgetown.
July 2005: New York (JFK) - Accra, Ghana (weekly).
August 2005: As a wholly owned subsidiary of World Airways (WLD), North American Airways (NNA) provides both scheduled and charter services as well as troop transport for USA Air Mobility Command. Will continue to operate scheduled service New York (JFK) to Accra, Ghana, and Georgetown (Guyana). In September 2005, will discontinue service California to Hawaii.
September 2005: North American Airlines (NNA) renewed its contract to provide service to GWV Vacations, flying from Providence and Hartford to Caribbean and Mexico vacation destinations.
October 2005: North American Airlines (NNA), reached an agreement valued at $15 million to furnish service for TravelSpan, a tour operator that provides vacation packages to the Dominican Republic, Tobago and other Caribbean destinations.
December 2005: World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), signed a letter of intent(LOI) to lease for three years a 767-300ER for delivery to (NNA) in December 2006. This will be (NNA)'s 5th 767, as it will take delivery of its 4th in March 2006. (NNA) also operates 5 757s including a 757-200ER that was on lease through May 2006 but has just been extended for another 2 years.
January 2006: Port Authority of New York and New Jersey said (JFK), Newark and LaGuardia airports handled nearly 100 million passengers last year, a new record. A final tally is still a couple of weeks away, but preliminary figures suggest a +6% rise in passenger throughput, the Port Authority said. (JFK) handled nearly 41 million, Newark 33 million and LaGuardia about 26 million.
February 2006: Indian startup IndiGo (IGO) named former North American Airlines (NNA) COO Steven Harfst as its COO. New Heights Aviation Services President Jeff Wehrenberg will succeed Harfst at (NNA).
Nearly five months after its fiscal third quarter concluded, World Air Holdings (WAH), parent of World Airways (WLD) and North American Airlines (NNA), reported it earned a +$5.5 million profit in the three months ended Sept 30, 2005, a -22.5% drop from the +$7.1 million earned in the corresponding 2004 period. The acquisition of (NNA) in April 2005 affected World Airways (WLD)'s business and any comparisons to the year-ago period. Although revenues climbed +68.1% to $217.2 million, expenses surged +79.3% to $206.9 million and operating income fell -25.6% to +$10.2 million. (WAH) said the expense figure included $12.5 million in additional accrual for a pending court judgment against (NNA). Fuel costs rose +139% to $42.1 million.
"We had an excellent quarter that was driven by a high level of military flying," CEO Randy Martinez said. "As a result of the strength in both our military and commercial business, coupled with the inclusion of North American (NNA), we continued to report high levels of revenue, airplane utilization and total block-hour growth."
The company also restated its second-quarter results, leaving its nine-month profit at +$20.9 million, a +19.3% increase over the same nine months in 2004.
March 2006: North American Airlines (NNA)'s damages owed to a pilot (FC) bringing an unlawful termination suit against the carrier, were lowered from $12.6 million to $3.1 million by a California judge. The plaintiff has until March 13 to accept the reduction or face a retrial. Appeals are possible, and another hearing is scheduled for April 26 to assess additional fees.
World Airways Holdings, parent of World Airways (WLD) and North American Airlines (NNA), notified the USA Securities and Exchange Commission that it will delay the filing of its year-end financial results. The report was due yesterday. It did not file its second- and third-quarter results until February 21 owing to delays caused by the acquisition of (NNA) in April 2005. World (WLD) said preliminary unaudited results indicate it will post a 2005 operating profit of +$59 - +$63 million, an increase of approximately +50% over the +$40.3 million earned in 2004. Operating revenues are expected to be in the $770 - $775 million range compared to $503.9 million in 2004.
(NNA) will add a second weekly New York (JFK) - Accra flight beginning January 3. It remains the only USA carrier currently operating scheduled service to Africa. Delta Air Lines (DAL) announced it will launch Atlanta - Dakar - Johannesburg service in December. (NNA) will add a business class service to its existing Accra flight on a 767-300ER from April 14.
North American (NNA) has applied to start service from Baltimore to Accra (Ghana) via Banjul (Gambia). If approved, the airline wants to inaugurate service on June 3rd with a 767-300.
World Airways Holdings, parent of World Airways and North American Airlines, notified the US Securities and Exchange Commission that it will delay the filing of its year-end financial results. The report was due yesterday. It did not file its second- and third-quarter results until Feb. 21 owing to delays caused by the acquisition of NAA in April 2005. World said preliminary unaudited results indicate it will post a 2005 operating profit of $59-$63 million, an increase of approximately 50% over the $40.3 million earned in 2004. Operating revenues are expected to be in the $770-$775 million range compared to $503.9 million in 2004.
(NNA) will add a second weekly New York (JFK) - Accra, Ghana, flight beginning January 3. It remains the only USA carrier currently operating scheduled service to Africa. Delta Air Lines (DAL) announced it will launch Atlanta - Dakar - Johannesburg service in December. (NNA) will add a business class service to its existing Accra flight on a 767-300ER from April 14.
North American Airlines (NNA) selected the Radixx Air Enterprise system to manage its passenger reservations, Internet booking and departure control.
767-306ER (28098, N765NA), (ILF) leased.
April 2006: World Airways (WLD) paid off the remaining $24 million balance of a $30 million term loan guaranteed by the Air Transportation Stabilization Board (ATSB). World (WLD) used available cash for the transaction and paid off the first $6 million last December. The loan dates from December 2003. World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), said the carriers secured a two-year credit facility for loans and letters of credit worth up to $50 million from the Wachovia Bank National Association.
World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), announced the appointment of Michael Towe as CFO. Towe formerly was CFO of Roper Industries of Georgia.
North American Airlines (NNA) will inaugurate weekly scheduled service linking Baltimore/Washington International Thurgood Marshall Airport to Banjul, Gambia and Accra, Ghana beginning June 4, 2006, pending approval from The Gambian government. This new service will operate non-stop to Banjul and continue to Accra. (NNA) is the only USA airline serving Africa with scheduled service currently operating non-stop between New York's John F Kennedy (JFK) International Airport and Accra. Flights will be operated with a 767-300ER. With the launch of Baltimore/Washington service June 4, and an additional flight at (JFK) beginning June 3, (NNA) will have a total of three weekly, direct flights between the United States and West Africa.
World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), authorized the repurchase of up to 2 million shares of its common stock once it files its annual report, which has been delayed.
World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), will be delisted from the Nasdaq market for failing to file necessary financial reports on time. World (WLD), which has been delisted in the past, plans an immediate appeal. It has yet to file its full-year 2005 or first-quarter 2006 earnings, saying that it is resolving issues related to its April 2005 acquisition of (NNA).
North American (NNA) took delivery of a 767-300ER (27611, N765NA), ex-(KLM), (ILF) leased, bringing its 767 fleet to four and its total fleet to nine. The new airplane will be used on its African service.
June 2006: Will launch scheduled service between Lagos, Nigeria and New York's (JFK) airport on July 17, operating three weekly round trips using a 767-300ER departing New York on Tuesdays, Thursdays & Sundays and Lagos on Mondays, Wednesdays, & Fridays.
July 2006: World Air Holdings (WAH) (WLD)/(NNA) finally reported its 2005 fourth-quarter and full-year financial results, posting net income of +$31.6 million for the year, increased +23.4% from +$25.6 million in 2004. (WAH), parent of wet-lease specialist World Airways (WLD) and charter carrier North American Airlines (NNA), missed several reporting deadlines and was de-listed by Nasdaq as a result. CEO, Randy Martinez said the company has appealed Nasdaq's decision and resolved the problems delaying its required filings with the USA Securities and Exchange Commission. It plans to file "subsequent reports on a timely basis."
Revenues in 2005 were $787.1 million, up +56%, while operating income increased +41% to +$56.6 million from +$40.3 million the previous year. For the fourth quarter, net income rose +33.3% to +$10.8 million. Operating income was +$18.4 million, more than double the year-ago period, on revenues of $237.1 million, up +83.2%. "This was an outstanding year for World Air Holdings (WAH) financially, as World Airways (WLD) continued to grow, while we integrated our newest subsidiary, North American Airlines (NNA)," Martinez said. "We achieved these record results despite incurring -$2.3 million in cash cost resulting from a litigation settlement and -$7.3 million of fees associated with our North American (NNA) acquisition and our Sarbanes-Oxley compliance efforts."
(WAH) issued updated guidance for the 2006 first quarter ended March 31, saying that revenues "are expected to be in the range of $214 million to $216 million," slightly below previous expectations, and operating income will be +$7 to +$9 million, slightly above previous guidance. Martinez said first-quarter operating income "would have doubled" were it not for "significant professional fees" and a nine-day pilots (FC)'s strike and subsequent signing bonus given to pilots as part of a new labor contract.
North American Airlines (NNA) began weekly service between Baltimore/Washington International and Bajul with continuing service to Accra. It also added a second weekly flight between New York (JFK) and Accra.
August 2006: World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), reported first-quarter net income of $3.5 million, a drop from net income of $9.9 million in the first quarter of 2005. The company, which finally reported its full-year 2005 earnings last month, continues to play catch-up with its financial reporting. Delays in filing required financial reports led to its de-listing by Nasdaq. First-quarter operating income fell -45.3% to +$9.4 million, "primarily due" to a pilots (FC) strike during the quarter, that cost it an estimated $7 - $8 million. Operating revenues grew +35.6% to $216.3 million.
Regarding the second quarter ended June 30, World (WLD) said revenues are expected to be $175 - $178 million with an operating loss of -$12 to -$15 million. CEO, Randy Martinez said second-quarter results were affected by higher maintenance costs and penalties imposed on World Airways (WLD) by the US Air Mobility Command (AMC) for failing to meet required ontime performance levels. He added that World (WLD) was removed from (AMC) "penalty status" on June 20.
September 2006: World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), posted a second-quarter net loss of -$7.5 million, down from -$5.5 million in net income in the year-ago quarter.
Consolidated revenues rose +2.8% to $176.7 million but World Airways (WLD) revenues declined by -$24.7 million, primarily owing to a -$29.8 million decrease in military revenues, the company said. World Airways (WLD)'s commercial revenues increased by +$5.1 million. Revenue for (NNA) was not released. Parent company operating loss for the three months ended June 30 was -$12.9 million, a reversal of a +$10.8 million operating profit in the year-ago quarter.
"We are now in position to return to filing timely financial results," CEO, Randy Martinez insisted. "We also are entering a busy second half, and have already experienced an increase in activity since the end of the second quarter." World Air Holdings expects revenues for the third quarter to be $230 - $235 million, producing an operating income of $8 - $10 million.
With the disclosure of its second-quarter results World (WLD) finally became current in its financial reporting after several delays led to its de-listing by Nasdaq. The company plans to apply "shortly" to be re-listed on Nasdaq or an alternative exchange.
October 2006: 757-28A (28174, N752NA), Avianca (AVI) operation ended.
November 2006: World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), announced a delay in the filing of its third-quarter financial results, but said it expects an operating income of +$6 - +$8 million on revenues of $230 - $235 million. It cited higher-than-anticipated Maintenance, Repair & Overhaul (MRO) expenses for the decline in operating result. Year-ago figures were unavailable. World (WLD) is forecasting a full-year operating profit of +$7 - +$9 million on revenues of $839 - $844 million. It posted 2005 revenues of $787.1 million and an operating income of +$56.6 million.
North American Airlines (NNA) has extended its lease of 757-200ERs with (ILFC) (ILF) due to expire in 2007 through May 13. The airline has also extended its lease of a 757-200ER with GECAS (GEF) due to expire in 2008 through May 14.
767-304ER (29137, N769NA), Itochu (CIF) leased.
December 2006: North American (NNA) will discontinue the Baltimore - Banjul - Accra route on January 14th. From that date on, the airline will operate Baltimore - New York (JFK) - Accra using a 767-300.
January 2007: World Air Holdings, parent of World Airways (WLD) and North American Airlines (NNA), posted a +$5.9 million net profit in the third quarter ended September 30, up +8.5% from the +$5.5 million earned in the year-ago period. Its operating income of +$8.2 million was a -20.2% decline from the year-ago quarter's, but higher than the +$6 to $8 million forecast in November, when it announced the delay in its third-quarter report. Revenues rose +6.4% to $231 million and expenses climbed +7.7% to $222.9 million. World (WLD) forecast a -$4 to $6 million operating loss in the fourth quarter, and a +10% year-over-year increase in 2007 revenues to $900 million and an operating margin of 4% to 7%.
February 2007: North American Airlines (NNA) took delivery of a 767-300ER, bringing its fleet to 10 airplanes. It operates scheduled and charter service for the USA military and commercial customers.
March 2007: GE Aviation signed a five-year OnPoint Solutions maintenance agreement with North American Airlines (NNA) covering (CF6-80C2)s powering five 737-300ERs. The deal is valued at more than $20 million.
April 2007: Airline consolidation in the USA began on a smaller scale than the failed mega-merger between US Airways (AMW)/(USA) and Delta Air Lines (DAL), plus AirTran Airways (CQT)'s contentious pursuit of Midwest Air Group (MWX), as ATA Airlines (AAT) parent ATA Holdings bought out World Air Holdings (WAH), parent of World Airways (WLD) and North American Airlines (NNA), for $315 million in cash or $12.50 per share. The deal, expected to be completed in the third quarter, is subject to the approval of World (WLD)/(NNA) stockholders and USA authorities. It will bring together two companies that rely heavily on their charter businesses, operate similar fleets and maintain bases in Oakland. Meanwhile, ATA Holdings is changing its name to Global Aero Logistics (GAL), which it said "better reflects our company's diverse, worldwide operations." The three airlines will remain independent. (GAL) President & CEO, Subodh Karnik said the acquisition "provides the strength and corporate flexibility for each of these airlines to shape a high-growth future." (WAH) Chairman, Ronald Fogleman said the sale "is in the best interests of our shareholders," who will receive a 56% premium on the average closing price for the 30 trading days prior to (WAH)'s September formation of a committee "to explore strategic alternatives." ATA (AAT) operates commercial and military charters in addition to a limited scheduled service network focused on Oakland, Chicago Midway and Hawaii, that is buttressed heavily by a codeshare arrangement with Southwest Airlines (SWA). Its fleet of 29 airplanes comprises 12 737-800s, three 737-300s, six 757-200s, four 757-300s used for scheduled service and charters, plus a charter fleet of four L-1011s. It has four DC-10-30s that currently are in storage. It purchased seven DC-10-30s from Northwest Airlines (NWA) in December. World Airways (WLD) (MD-11s and DC-10-30s) and (NNA) (757-200ERs and 767-300ERs) operate a combined 17 airplanes. (NNA) flies limited long-haul scheduled flights from New York (JFK) and Baltimore/Washington International. World Airways (WLD)'s largest customer is the USA military.
North American Airlines (NNA) and Virgin Nigeria (VNA) announced an interlining agreement covering (NNA)'s New York (JFK) - Lagos service and several (VNA) destinations. (NNA) also will support (VNA)'s application to operate the transatlantic route, including a possible wet-lease arrangement.
May 2007: 757-28A (29381, N754NA), wet-leased to JetX (JTX).
July 2007: The USA General Services Administration awarded one-year contracts worth a combined $2.02 billion to 14 domestic carriers effective October 1. Contracts cover federal travelers on official business and went to United Airlines (UAL) ($661.1 million), American Airlines (AAL) ($389.7 million), Delta Air Lines (DAL) ($370.5 million), US Airways (AMW)/(USA) ($314.7 million), Alaska Airlines (ASA) ($54.5 million), Northwest Airlines (NWA) ($35.8 million), AirTran Airways (CQT) ($36.5 million), Frontier Airlines (FRO) ($17.4 million), ExpressJet Airlines (Continental Airlines (CAL) subsidiary) ($8.8 million), Midwest Airlines (MWX) ($4.1 million), JetBlue Airways (JBL) ($2.9 million), Mesa Air Group ($2.5 million), ATA Airlines (AAT) ($756,486), and North American Airlines (NNA) ($223,205).
World Air Holdings (WAH), parent of World Airways (WLD) and North American Airlines (NNA), reported a net loss of -$2.3 million for 2006, down from net income of +$31.6 million the prior year, on a +4.9% rise in revenue to $825.7 million.
(WAH) blamed the result on a 17% reduction in USA military revenue and a +21% increase in maintenance costs at World (WLD), as well as a fine imposed by the USA military in the second quarter for "not achieving minimum performance standards." The company has reached an agreement to be acquired by ATA Airlines (AAT) parent, Global Aero Logistics for $315 million in cash in a deal expected to close in the third quarter.
Full-year expenses increased +13.1% to $826.4 million and operating loss was -$780 million, a significant reversal from income of +$56.6 million in the prior year. Fourth-quarter net loss was -$3.8 million, reversed from net income of +$10.8 million in the year-ago quarter, on a -15.6% drop in revenue to $201.3 million.
World Air Holdings (WAH), parent of World Airways (WLD) and North American Airlines (NNA), said it expects its first-quarter revenue to be in the range of $220 to $225 million, +2% to +4% higher than the year-ago quarter, and +10% to +12% higher than 2006 fourth-quarter revenue of $201.3 million. "Increased scheduled service revenue at North American (NNA) due to maturing African routes, contributed to the improvement versus first quarter 2006," (WAH) said, adding that World (WLD)'s military revenue also rebounded following last year's falloff.
The company has reached an agreement to be acquired by ATA Airlines (AAT) parent, Global Aero Logistics for $315 million in cash in a deal expected to close in the third quarter. (WAH) said that two independent proxy advisory services, Institutional Shareholder Services and Glass Lewis & Co, recommended that shareholders vote to approve the merger at a July 18 meeting.
August 2007: World Airways (WLD) and North American Airlines (NNA) parent World Air Holdings (WAH), reported earnings results for the first quarter revealing net income of +$518,000 for the three months ended March 31, a -85.4% drop from net income of +$3.5 million in the 2006 first quarter. World (WLD) said reporting was in accordance with its legal requirements under the terms of its merger agreement with ATA Airlines (AAT) parent Global Aero Logistics (GAL). (WAH) shareholders last month approved the company's takeover by (GAL) in a deal expected to close by the end of the current quarter. First-quarter revenue increased +3.1% to $222.9 million as expenses fell -7.4% to $222 million, producing operating income of +$830,000, a -91.2% decline from +$9.4 million in the prior-year period.
Later, ATA Airlines (AAT) parent Global Aero Logistics (GAL) completed its acquisition of World Air Holdings (WAH), parent of World Airways (WLD) and North American Airlines (NNA). (GAL) paid $12.50 per share in cash, valuing (WAH) at $315 million. The new entity will have a combined workforce of more than >4,500 and a fleet of 56 airplanes. Combined 2006 revenue was $1.6 billion. (WAH) stock no longer will trade.
November 2007: First 6 months = 1.46 billion (RPK)s (+26.71%); (+42.19%) (ASK)s; 57.3% LF (-7%); 3.54 million (FTK)s (+720.7%); 220,000 passengers (+4.27%).
North American (NNA) is interviewing and hiring 757 and 767 pilots (FC) for a December class. The carrier hired 12 pilots (FC) in October.
December 2007: North American (NNA) is interviewing and hiring 757 and 767 pilots (FC).
January 2008: 2007 Performance Statistics: 3.0 billion (RPK)s traffic (+14.24%); -21.84% ASK)s; -3.9 load factor 58% LF; 5.61 million (FTK)s (+37.37%) freight traffic; 491,000 passengers. SEE ATTACHED - - "NNA-2007-STATS."
Airbus (EDS) said MatlinPatterson Global Advisers placed an order for six A330-200F freighters for placement with companies in its portfolio such as Varig Logistica (VLO) and Global Aero Logistics (holding company of ATA Airlines (AAT), World Airways (WLD), and North American Airlines (NNA)). Airbus (EDS) now has sold 72 A330-200Fs to eight customers.
February 2008: North American Airlines (NNA) will discontinue scheduled service to Lagos, Accra, and Georgetown on May 20. Chief Commercial & Planning Officer, Rob Binns said the markets were performing as expected on a revenue basis, but that rising fuel prices rendered them "untenable." (NNA) will redeploy the airplanes on charter services.
For an excellent description of how North American Airlines (NNA) now comes under parent, Global Aero Logistics (GAL) - SEE ATTACHED ARTICLE FROM http://www.airwaysmag.com - NNA-GLOBAL AERO LOGISTICS (GAL)-A/B/C/D/E/F/G/H.
March 2008: Global Aero Logistics, parent of ATA Airlines (AAT), North American Airlines (NNA), and World Airways (WLD), named Chairman John Denison as interim President & CEO, following the resignation of Subodh Karnik. A search for a permanent replacement is underway.
April 2008: ATA Airlines (AAT) canceled all flights after filing for bankruptcy as it posted advisories at ticket counters in the handful of cities it still served and sought help for stranded travelers. The Indianapolis-based airline, once the nation's 10th-largest, entered bankruptcy for the second time in just over three years, this time citing the loss of a key military charter business. The airline had approximately 50 flights per day, mostly between Hawaii and four west coast cities: Oakland, Los Angeles, Phoenix, and Las Vegas, said company spokesman Michael Freitag. ATA (AAT) said it has been in contact with other airlines that may be able to assist with travelers holding tickets, that the airline can no longer honor.
On its Web site, the airline apologized for the disruption and suggested that customers seek alternative travel arrangements.
The company had over 2,200 employees, Freitag said. "Virtually all of ATA (AAT)'s employees are being notified that their positions are eliminated," Freitag said.
The carrier retrenched in 2006 after emerging from bankruptcy, focusing on destinations in the Southwest and an increase in military charter business. But like other airlines, it has struggled in a foundering economy and has been unable to offset soaring fuel prices.
Fuel is one of the industry's top costs and has pushed some carriers into merger talks. Major airlines, to offset record fuel prices, have slashed amenities that were once free and added fees for second bags, traveling with pets and booking tickets by phone. United Airlines (UAL) said new luggage fees it has imposed on travelers will generate more than >$100 million annually.
ATA (AAT) came out of bankruptcy with several other carriers two years ago, and it became the second to declare bankruptcy in just the past two weeks, both with operations in Hawaii. Aloha Airlines (ALO) filed for Chapter 11 bankruptcy protection last month, a little more than two years after emerging from bankruptcy. A third, Bloomington, Minnesota-based charter carrier, Champion Air (GRD), announced that it will stop flying on May 31.
ATA (AAT) announced last month that it would leave Chicago's Midway Airport, which it had used as a hub since 1992.
The CEO at ATA (AAT)'s parent company resigned two weeks ago. Subodh Karnik, who had been CEO at ATA (AAT), stepped down after heavy pressure from a major investment firm to turn the airline around.
"We deeply regret the disruption and hardship caused by the sudden shutdown of ATA (AAT), an outcome we and our employees had worked very hard and made many sacrifices to avoid," COO, Doug Yakola said. "Unfortunately, the cancellation of a critical agreement for our military charter business undermined ATA (AAT)'s plan to address the current conditions facing all scheduled service airlines, including the tremendous spike in the price of jet fuel in recent months. As a result, it became impossible for ATA (AAT) to continue operating."
The airline had a nearly two-decade working arrangement with FedEx (FED) that offered a share of airlift contracted by the Dept of Defense Air Mobility Command (AMC) to provide transport of military personnel and their families. ATA (AAT) claimed it was notified that its arrangement with FedEx (FED) would be terminated in a decision it described as "abrupt and unexpected." A FedEx (FED) spokesperson said that ATA (AAT) was notified in January, that it "would not be included in the contract or team arrangement for the Air Mobility Command" after the current contract expires in September. "We have no contractual obligation beyond that point," the spokesperson said. It was unclear whether ATA (AAT) would continue to provide any (AMC) service through the end of the contract.
Southwest Airlines (SWA), which had operated a limited codeshare with ATA (AAT) since 2005, said it would accommodate all passengers who purchased tickets from (SWA), but were scheduled to fly ATA (AAT). Under the partnership, both airlines were able to exchange passengers and their checked baggage at Chicago Midway, Las Vegas, and Phoenix.
"ATA Airlines (AAT) has been an outstanding partner for Southwest (SWA), and we are disappointed to hear this unfortunate news," (SWA) CEO, Gary Kelly said. "We are sad to end our codeshare relationship with ATA (AAT), but understand it's extremely difficult for an airline to flourish in today's arduous financial environment." Last year, ATA (AAT) became a wholly owned subsidiary of Global Aero Logistics, which also owns World Airways (WLD) Holdings and North American Airlines (NNA).
North American Airlines (NNA) and World Airways (WLD) parent, Global Aero Logistics named Executive VP & Chief Commercial & Planning Officer, Robert Binns as CEO, and Executive VP & Chief Airline Officer, Charles McDonald as President. Chairman, John Denison had been filling both roles on an interim basis. VP Market Planning for Global, Jeff Sanborn was promoted to Chief Marketing Officer.
May 2008: North American (NNA) is accepting Flight Crew (FC) resumes from current and qualified 757 and 767 pilots (FC), and conducting a June class.
September 2008: North American (NNA) is accepting Flight Crew (FC) resumes from current and qualified 757 and 767 pilots (FC). The carrier expects to hire 8 pilots (FC) in September.
November 2008: 1st 6 months = 1.43 billion (RPK)s traffic (-2.3%); +4.38% (ASK)s capacity; 53.7% LF load factor (-3.7%); 1.51 million (FTK)s freight traffic (-57.26%); 220,000 passengers.
North American Airlines (NNA) announced the lease of a sixth 767-300ER from AerCap (DEA) for delivery next month, and use on charter operations.
December 2008: 767-328ER (27135, N764NA), (ILF) leased.
February 2009: Global Aero Logistics, parent of North American Airlines (NNA) and World Airways (WLD), changed its name to "Global Aviation Holdings." "We are focused on growing our commercial cargo and passenger business, and the new name and identity will better represent the leading role we play in the charter aviation transport industry," CEO, Rob Binns said. (NNA) operates passenger charters aboard 757-200ER and 767-300ER airplanes while (WLD) flies both passenger and cargo charters aboard 747-400s, DC10-30s and MD-11s.
April 2009: Delta (DAL) TechOps finalized new five-year contracts worth more than >$200 million with Global Aviation Holdings subsidiaries, World Airways (WLD) and North American Airlines (NNA). Under the contracts, which are extensions to previous deals, it will perform component repair, inventory exchange programs and drop-in "A" and "C" maintenance check support. It also will provide time and material engine maintenance for (WLD)'s (PW4000)s and (CF6-80C2)s and be the exclusive provider of 331-200 Auxiliary Power Unit (APU) repairs for (NNA).
October 2009: Global Aviation Holdings, parent of North American Airlines (NNA) and World Airways (WLD), named Polar Air Cargo (PAO) VP Sales & Marketing for Europe, Middle East, Africa & India, Hendrik Falk as VP Cargo Sales.
North American Airlines (NNA) has 7 pilots (FC) on furlough and does not plan to hire or recall pilots (FC) this year.
November 2009: North American Airlines (NNA) is planning to add an all-business-class (C), 100-seat 767-200 for charter operations. (NNA) signed a Letter of Intent (LOI) with MLW Air, which serves as the charter marketing agent for Pace Airlines (PIE). The cabin will feature 2-2-2 seating with lie-flat seats with 60-inch pitch.
June 2010: Global Aviation Holdings, parent of North American Airlines (NNA) and World Airways (WLD), filed a registration statement with the USA Securities & Exchange Commission for a proposed initial public offering (IPO) of shares of its common stock. The company said that the number of shares to be offered and the price range for the offering have not been determined. According to data filed with the USA Department of Transportation, World Airways (WLD) had a net loss of -$37.8 million last year, deepened from a loss of -$35.6 million in 2008, on a -17.3% decline in revenue to $658 million. Operating loss was -$36.3 million versus -$10.71 million in 2008. (NNA) earned +$17.5 million in 2009, reversing a loss of -$6.1 million the year before despite a -17.7% fall in revenue to $384.8 million. Operating profit was +$47.7 million, up from +$34 million in 2008.
SEE ATTACHED - - "NNA-2010-06-A/B/C/D/E/F."
August 2010: Global Aviation Holdings elected former Lufthansa Cargo (LUB) Chairman of the Executive Board, Jean-Peter Jansen to its board of directors. Global Aviation is the parent of North American Airlines (NNA) and World Airways (WLD).
December 2010: WestJet (WJI) said it will wet lease a 757-200 from North American Airlines (NNA) to be used on Calgary - Honolulu - Maui and Edmonton - Maui routings from February 12 - April 30, 2011, subject to Canadian government approval. (NNA) will operate the airplane on behalf of (WJI), providing pilots (FC), flight attendants (CA) and maintenance personnel (MT). (WJI) operates an all 737NG fleet comprising 91 airplanes. "This temporary lease will allow WestJet (WJI) to provide additional capacity," Executive VP Strategy & Planning, Hugh Dunleavy said. "With this leased airplane, we'll be able to seat 193 guests, an increase from using our own 737-700s … While the Next-Generation 737 airplane is ideal for WestJet (WJI), there are select situations where a longer-range airplane is more ideally suited."
Global Aviation Holdings subsidiary, North American Airlines (NNA) entered into an agreement with VT Systems for the conversion of a 757-200 airplane to combi configuration, accommodating up to 10 cargo pallets and seating 45 passengers. "The 757 Combi will be utilized on routes where our customers require the shipment of heavy supplies as well as personnel," Global Aviation (CCO), Brian Bauer said.
February 2011: North American Airlines (NNA) recalled all of its pilots (FC). (NNA) plans to hire 6 to 12 pilots (FC) in 2011.
January 2012: North American Airlines (NNA) is accepting 757/767 Flight Crew (FC) pilot resumes. Applicants can apply online.
February 2012: Global Aviation Holdings, the parent of wet-lease (ACMI) and charter carriers World Airways (WLD) and North American Airlines (NNA), "commenced a financial restructuring through the voluntary filing of petitions to reorganize under Chapter 11 of the USA Bankruptcy Code." Global is owned by private investment firm Matlinpatterson.
(WLD), which operates MD-11 and 747-400F freighters and MD-11 passenger airplanes, has struggled financially over the last several years, and the filing does not come as a surprise. As Global Aviation Holdings said in its announcement, its fleet is too large, its labor costs are too high, and its capital structure is out of alignment with the size of the company (which we take to mean that it is burdened by debt). Global also said that while it had "worked closely with its lessors, bondholders and other creditors and constituents over the past year, which led to the reduction of certain obligations," it nonetheless felt restructuring through Chapter 11 was required.
In its petition, Global said it would continue normal flight operations, continue to pay wages and benefits, and pay vendors and suppliers for post-petition obligations. However, vendor and supplier invoices incurred prior to the filing "will be resolved through the Company's Plan of Reorganization, which requires Court approval and has yet to be submitted." Exactly what will be included in the reorganization plan is not yet known, but given the language of the announcement, it seems clear we can expect fleet reductions, wage reductions (and/or layoffs), and a request for debt relief.
Regarding the fleet, (WLD) operates nine MD-11Fs, four 747-400BDSFs, and seven MD-11s in passenger configuration. Of these, the company owns three of the MD-11Fs, while the remaining seventeen airplanes are leased from a variety of lessors. Parent company, MatlinPatterson has six A330-200Fs on firm order. Given that fleet reduction will almost certainly be part of the restructuring, it is not clear what the fate of this order will be.
North American (NNA) operates three 757-200s and five 767-300s, all in passenger configuration.
April 2012: Lufthansa Technik (DLH) (LTK) has extended a Total Component Maintenance (TCM) contract with Global Aviation Holdings, covering airplanes for both its subsidiaries; World Airways (WLD) (up to nine MD-11s) and North American Airlines (NNA) (five 767-300ERs).
Saipan Air (SPN) plans to start public charter operations on July 1 offering daily services from its base at Saipan Francisco C Ada International airport (SPN) to Tokyo Narita New Tokyo International (NRT) and four weekly flights to Beijing Capital (PEK) using two ex-North American Airlines (NNA) 757-28As (28174, N752A) and (30043, N755NA) operated by Swift Air (USA) ((IATA) Code: Q7, based at Phoenix Sky Harbor International airport (PHX)). (SPN) will add daily services to Osaka Kansai International (KIX) and three weekly 757 flights to Shenyang Taoxian International (SHE) on August 1. For the Osaka services, it will add 737-400 (24804, N737DX) that will also be wet-leased from Swift Air.
April 2013: (AMES) won a contract from North American Airlines (NNA) to provide light and heavy maintenance services on five 767-300ERs.
August 2013: According to FAPA.aero, North American (NNA) is not recruiting pilots (FC). (NNA), along with its parent company, emerged from Chapter 11 bankruptcy protection in February 2013. (NNA) also has some pilots (FC) on furlough.
March 2014: World Airways ((IATA) Code: WO, based at Atlanta Hartsfield Jackson) (WLD) has ceased operations with immediate effect (CEO) John Graber has announced. Graber said (WLD) operated its last flight on Wednesday, March 26.
World Airways (WLD), along with other Global Aviation Holdings subsidiaries, have been on the market seeking funding to help restructure in chapter 11 bankruptcy, but have been unable to secure that financing. As a result, on March 25, (WLD)'s first lien holder declared World in default on its loan and stopped providing the airline with funding.
(WLD) has started the process of winding down its operations with 325 employees, including 109 pilots (FC) and 146 flight attendants (CA), having been laid off.
World (WLD) had catered primarily to the USA military, using a fleet of two MD-11s, one 747-400F and a MD-11F.
Sister carrier, North American Airlines ((IATA) Code: NA, based at New York (JFK)) (NNA) will however, continue operations with plans to emerge from bankruptcy in the near future. Founded in 1989, (NNA) operates passenger charter flights using 767-300ERs.
June 2014: Ceased operations.
Click below for photos:
0 737-8Q8 (CFM56-7B26) (75-28215, /98 N800NA "JANICE M"), (ILF) 7 YR LSD. RTND 9/01, LST (SCA). 20C, 139Y; OR 169Y.
0 737-86N (CFM56-7B26) (192-28587, /99 N802NA "LANA ERVIN-BALSCO"), (GEF) LSD. RTND. 20C, 139Y; OR 169Y.
0 757-23A (257-24567, /90 N757NA), RTND (AWW), LST (NAB). 24C, 179Y; OR 215Y.
0 757-28A (RB211-535E4) (280-24544, /90 N753NA), (TIA) LSD 2003-11. RTND, LST (RYN) 2005-05. 24C, 179Y; OR 215Y.
2 757-28AER (RB211-535E4) (658-26277, /95 N750NA "DEIDRE STIEHM;" 865-28174, /99 N752NA "ALISA FERRARA"), (ETOPS), (ILF) LSD. 28174; WET-LST (AVI) 2005-12, RF (AVI) 2006-10. 28174; LST SWIFT AIR (USA) & WET-LST (SPN) 2012-05. 24C, 179Y; OR 215Y.
0 757-28A (RB211-535E4) (672-26275, /95 G-FCLI), (JMA) LSD 2000-12, RTND (JMA) 2001-04. 24C, 179Y; OR 215Y.
1 757-28A (RB211-535E4) (925-30043, /00 N755NA "JOHN PLUEGER"), EX-(NAB), (ILF) LSD 2003-03. 30043; LSD 1 MTH TO (SWG) 2006-05. LST SWIFT AIR (USA) & WET-LST (SPN) 2012-05. 24C, 179Y; OR 215Y.
1 757-28A (RB211-535E4) (958-29381, /01 N754NA), (ILF) LSD 2001-04. WET-LST (JTX) 2007-05, 24C, 179Y; OR 215Y.
1 757-28A (RB211-535E4) (967-32448, N756NA "CLAUDETTE ABRAHAMS"), (GEF) 6 YR LSD 2001-06. WET-LST (LAB) 2005-01. 24C, 179Y; OR 215Y.
1 ORDER 767-200, ALL BUSINESS CLASS (C) SEATING:
1 767-300ER, (DEA) LSD 2008-12.
1 767-304ER (CF6-80C2B7F) (733-29137, /99 N769NA), EX-(TFY), ITOCHU (CIF) LSD 2006-11. ETOPS EQ'PD. 328Y.
1 767-306ER (CF6-80C2B6F) (27611, N765NA; 607-28098, /96 N766NA, 2006-03), EX-(KLM), (ILF) LSD. 27611; RTND. 36C, 188Y.
1 767-324ER (CF6-80C2B7F) (601-27569, /96 N767NA "JANICE M."), EX-(ANZ)/(ANS), (GEF) LSD 2002-09. 12C, 266Y.
1 767-328ER (493-27135, N764NA), (ILF) LSD 2008-12, EX-(N135EL).
1 767-36NER (PW4060) (754-29898, /99 N768NA "LISA CAROLINE"), EX-(MAD), (GEF) LSD 2002-09, 12C, 266Y.
1 767-39HER (CF6-80C2B6F) (488-26257, /93 N760NA "TOM CYGAN"), (ILF) LSD 2004-04. 12C, 266Y.
6 ORDERS A330-200F:
JOHN DENISON, CHAIRMAN OF PARENT, GLOBAL AERO LOGISTICS.
John Denison, Chairman, of New ATA (AAT) Holdings Inc (to later become Global Aero Logistics), joined the Company as Co-Chief Restructuring Officer in January of 2005. He was appointed President & CEO of (AAT) on February 22, 2005 and assumed the title of Chairman in January of 2006. An accomplished aviation executive with more than 15 years of senior management experience, Denison's expertise lies in his ability to inspire a spirit of inexhaustible teamwork among employees and provide leading consult to companies seeking to overcome challenging financial environments.
Denison joined (AAT) after a three-year period of retirement from Southwest Airlines (SWA), where his responsibilities included serving as Executive Vice President of Corporate Services and Chief Financial Officer (CFO). While at (SWA), he distinguished himself with a people-focused management style and forthright approach to airline administration.
Prior to joining (SWA) in 1986, Denison served for six years in various corporate finance roles at the (LTV) Corporation also in Dallas, Texas. Among other responsibilities, he assisted in the financial restructuring of the conglomerate that held interests in aerospace defense, steel and energy.
Denison's leadership in restructuring efforts for struggling companies dates back to the 1970s. He spent his early career in the Detroit area with more than a decade at the Chrysler Corporation. As Manager of Corporate Finance, Denison played a role in the restructuring of the automaker and was part of a team for obtaining the government assistance that ultimately saved the company.
A native of Highland Park, Michigan, Denison suggests that his upbringing by parents who survived the Great Depression at least partly explains the value he places on hard work and frugality, as well as the value he places on each individual's contribution to the well-being of the team. A graduate of Troy High School in Troy, Michigan, he earned a bachelor of arts in economics at Oakland University in Rochester, Michigan. Denison continued his graduate education at Wayne State University, where he earned a master of business administration in finance.
Denison served on the executive committee of the board of directors for the (ARC) of Dallas, a non-profit organization working to improve the quality of life for people with mental retardation and other developmental disabilities. An avid golfer, he and his wife Kathy raised their three grown children in Dallas, Texas, where they still call home. The Denisons have three grandchildren, including twins born in 2005.
ROBERT BINNS, (CEO), OF PARENT, GLOBAL AVIATION HOLDINGS (2008-04).
CHARLIE MCDONALD, PRESIDENT OF PARENT, GLOBAL AERO LOGISTICS (2008-04).
Mr McDonald joined World Airways (WLD) in May of 2004 and is responsible for Flight Operations, Aircraft Maintenance and Engineering, In-Flight and Customer Service. Mr McDonald has over 18 years of experience within the aviation industry, most recently as Chief Operating Officer for TransMeridian Airlines (TAL). Prior to (TAL), Mr McDonald held several Senior level positions within British Aerospace Regional Aircraft and the AMR Corporation including Director of Aircraft Maintenance for Flagship Airlines. Mr McDonald is a veteran of the US Army and a Graduate of Spartan College of Aeronautics and Technology.
JOHN GRABER, CHIEF EXECUTIVE OFFICER (CEO) (NNA)/(WLD).
DAN MCKINNON, PRESIDENT (SHAREHOLDER) (NNA) (email@example.com).
JEFF WEHRENBERG, CHIEF OPERATIONS OFFICER (COO), EX-NEW HEIGHTS AVIATION SERVICES (2006-01).
MICHAEL TOWE, CHIEF FINANCIAL OFFICER (CFO), (WLD) HOLDINGS (2006-04).
HERB FIERO, (CFO) & VP FINANCE.
JEFF SANBORN, CHIEF MARKETING OFFICER, OF PARENT GLOBAL AERO LOGISTICS (2008-04).
BRIAN BAUER, CHIEF COMMERCIAL OFFICER (CCO) OF PARENT GLOBAL AVIATION HOLDINGS.
PAUL STARBENZ, VP OPERATIONS.
MARTIN WAX, VP MAINTENANCE (JFKMMXG).
GEORGE GEANACOVPOLUS, VP GROUND OPERATIONS.
PETER BOGOVITCH, VP MARKETING.
HENDRICK FALK, VP CARGO SALES, EX-(PAO), (2009-10).
RICHARD SOSA, DIRECTOR QUALITY ASSURANCE (QA) (1999-07).
VICTOR SUCHANSKI, DIRECTOR MAINTENANCE (2001-06).
GIL SEDA, MANAGER QUALITY CONTROL (QC).