Welcome to Flightinfo.com
- Register now and join the discussion
- Friendliest aviation Ccmmunity on the web
- Modern site for PC's, Phones, Tablets - no 3rd party apps required
- Ask questions, help others, promote aviation
- Share the passion for aviation
- Invite everyone to Flightinfo.com and let's have fun
North American Airlines and World Airways to merge
- Thread starter NAA Pilot
- Start date
- Watchers 8
Welcome to Flightinfo.com
- Register now and join the discussion
- Modern secure site, no 3rd party apps required
- Invite your friends
- Share the passion of aviation
- Friendliest aviation community on the web
CCDiscoB
Well-known member
- Joined
- Mar 15, 2002
- Posts
- 779
Any more news or is this just another factless rumor?
I guess it would make sense to some degree - World would probably like to diversify some of its flying (some of the scheduled flying that NAA flies) and having access to 757s and 767s would probably better match supply with demand during any reduced military flying in the future (although not likely in the near future).
What percentage of NAA's flying is MAC? Do the 757s and 767s fly worldwide MAC and non-MAC charters? How far afield do they fly?
I guess it would make sense to some degree - World would probably like to diversify some of its flying (some of the scheduled flying that NAA flies) and having access to 757s and 767s would probably better match supply with demand during any reduced military flying in the future (although not likely in the near future).
What percentage of NAA's flying is MAC? Do the 757s and 767s fly worldwide MAC and non-MAC charters? How far afield do they fly?
ACWild
Well-known member
- Joined
- Feb 5, 2002
- Posts
- 396
The majority of our flying is military. We only do scheduled service to Georgetown Guyanna from JFK and Hawaii from OAK. We've pulled out of our other scheduled destinations because of Delta and JetBlue.
There seems to have been many visitors to Bldg 75, but who knows for sure. It's sounding like the real deal more and more every day, but until it happens, who knows?
Our owner is still a contender for the Sec of Navy job, so that may have something to do with this.
Any World pilots have some info?
There seems to have been many visitors to Bldg 75, but who knows for sure. It's sounding like the real deal more and more every day, but until it happens, who knows?
Our owner is still a contender for the Sec of Navy job, so that may have something to do with this.
Any World pilots have some info?
MD11Drvr
Still Learning
- Joined
- Apr 21, 2005
- Posts
- 398
Rumors abound!
I am not sure if it would be good for World or not?
It may be a good way for WOA to aquire ETOPS 767's but I don't think it will be good for WOA pilots unless N.A. has in fact voted the Teamsters onto the property as was rumored. If they stay non union and a buy out happens Mgmt. will devide and conquer. WOA crew will get BOHECA notice and N.A. crews will never see any improvement in thier lives as they will be reminded what happened to WOA every time they seek improvements.....
Stay Tuned Folks...............
I am not sure if it would be good for World or not?
It may be a good way for WOA to aquire ETOPS 767's but I don't think it will be good for WOA pilots unless N.A. has in fact voted the Teamsters onto the property as was rumored. If they stay non union and a buy out happens Mgmt. will devide and conquer. WOA crew will get BOHECA notice and N.A. crews will never see any improvement in thier lives as they will be reminded what happened to WOA every time they seek improvements.....
Stay Tuned Folks...............
ACWild
Well-known member
- Joined
- Feb 5, 2002
- Posts
- 396
LAZYB
Time wounds all heels.
- Joined
- Dec 6, 2001
- Posts
- 1,117
World Air Holdings Acquires North American Airlines
World Air Holdings Acquires North American Airlines
Wednesday April 27, 5:02 pm ET
- Acquisition to be Accretive for 2005Adds Total of Eight 767 and 757 Aircraft and Premier Customer Base
PEACHTREE CITY, Ga., April 27 /PRNewswire-FirstCall/ -- World Air Holdings, Inc. (Nasdaq: WLDA - News) today announced the acquisition of North American Airlines, Inc., a privately held airline based in Jamaica, N.Y., for $35 million in cash.North American generated more than $200 million in revenues in 2004 and has been consistently profitable since its inception. The company has no long-term debt and its fleet of eight leased aircraft have an average age of less than seven years.
"The inclusion of North American under the umbrella of World Air Holdings diversifies our revenue mix, strengthens our customer base and builds our reputation and leadership as a premier provider of charter airline services," said Randy Martinez, chief executive officer of World Air Holdings. "North American greatly expands our product mix in the military and commercial charter market, with its three Boeing 767 and five Boeing 757 passenger aircraft, and complements the service provided by World Airways with larger wide-body aircraft. North American provides immediate access to a fleet of mid-size aircraft, enhancing our flexibility and increasing our ability to profitably expand service in commercial markets.
"As we reviewed potential strategic options, it was clear there was no better option for World Air Holdings than the acquisition of North American Airlines," Martinez said. "We've known and teamed with North American for a number of years in our Air Mobility Command (AMC) business, and the company has built an outstanding reputation."
In addition to being the first to provide 767 service to the AMC, North American is the charter operator for Club Med travel out of New York and operated the Bush-Cheney campaign aircraft in 2000.
"The North American aircraft are popular with a variety of customers, including tour operators, which supports our corporate goal of diversifying our revenue sources," Martinez said. "North American's twin-engine jets are approved for extended over-water operations (ETOPS), which World Air Holdings now can include in its international service options."
World Airways and North American will be managed independently under their respective operating certificates. North American will maintain its operational headquarters at John F. Kennedy International Airport in New York, with World Airways and World Air Holdings continuing to be based in Peachtree City.
The acquisition is expected to generate a variety of synergies at both North American Airlines and the holding company levels, and is expected to be accretive to the company's earnings in 2005. World's fleet consists of 16 wide-body MD-11 and DC-10 passenger and cargo aircraft, and North American operates three Boeing 767-300ER passenger aircraft and five Boeing 757-200ER passenger aircraft. World Airways will add another MD-11F cargo aircraft to its fleet in May.
With this acquisition, World Air Holdings, Inc., formed in January 2005, now owns World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Air Holdings now encompasses 2,000 employees providing military and commercial customers in all parts of the world with passenger and cargo service. Both World Airways and North American are major carriers of U.S. military personnel for the AMC.
INVESTOR CONFERENCE CALL AND WEBCAST
April 28, 2005, at 9A.M. EDT
Phone: 800-298-3006
A conference call for investors will begin at 9 a.m. EDT on Thursday, April 28, 2005. Investors and media can access the conference by calling 800- 298-3006 prior to the 9 a.m. start time. The investor call will be available live via the World Wide Web at http://www.worldairways.com/investors . The online replay will be available until May 12, 2005, at the same site shortly after the Web cast is complete. The broadcast also will be available at http://www.streetevents.com/ .
About World Airways
World Airways is a U.S.-certificated air carrier providing customized transportation services for major international cargo and passenger carriers, the United States military, major international freight forwarders and international leisure tour operators. Founded in 1948, World has 1,400 employees and operates a fleet of 16 wide-body aircraft to meet the specialized needs of its customers. For information, visit http://www.worldairways.com .
About North American Airlines
North American Airlines is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. North American Airlines focuses on "niche" markets, where high product quality and excellent passenger service provides value to its customers. Founded in 1989, North American has 600 employees and operates a fleet of eight passenger aircraft in charter and limited scheduled service. For information, visit http://www.northamericanair.com .
["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request). These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.]
Source: World Air Holdings, Inc.
World Air Holdings Acquires North American Airlines
Wednesday April 27, 5:02 pm ET
- Acquisition to be Accretive for 2005Adds Total of Eight 767 and 757 Aircraft and Premier Customer Base
PEACHTREE CITY, Ga., April 27 /PRNewswire-FirstCall/ -- World Air Holdings, Inc. (Nasdaq: WLDA - News) today announced the acquisition of North American Airlines, Inc., a privately held airline based in Jamaica, N.Y., for $35 million in cash.North American generated more than $200 million in revenues in 2004 and has been consistently profitable since its inception. The company has no long-term debt and its fleet of eight leased aircraft have an average age of less than seven years.
"The inclusion of North American under the umbrella of World Air Holdings diversifies our revenue mix, strengthens our customer base and builds our reputation and leadership as a premier provider of charter airline services," said Randy Martinez, chief executive officer of World Air Holdings. "North American greatly expands our product mix in the military and commercial charter market, with its three Boeing 767 and five Boeing 757 passenger aircraft, and complements the service provided by World Airways with larger wide-body aircraft. North American provides immediate access to a fleet of mid-size aircraft, enhancing our flexibility and increasing our ability to profitably expand service in commercial markets.
"As we reviewed potential strategic options, it was clear there was no better option for World Air Holdings than the acquisition of North American Airlines," Martinez said. "We've known and teamed with North American for a number of years in our Air Mobility Command (AMC) business, and the company has built an outstanding reputation."
In addition to being the first to provide 767 service to the AMC, North American is the charter operator for Club Med travel out of New York and operated the Bush-Cheney campaign aircraft in 2000.
"The North American aircraft are popular with a variety of customers, including tour operators, which supports our corporate goal of diversifying our revenue sources," Martinez said. "North American's twin-engine jets are approved for extended over-water operations (ETOPS), which World Air Holdings now can include in its international service options."
World Airways and North American will be managed independently under their respective operating certificates. North American will maintain its operational headquarters at John F. Kennedy International Airport in New York, with World Airways and World Air Holdings continuing to be based in Peachtree City.
The acquisition is expected to generate a variety of synergies at both North American Airlines and the holding company levels, and is expected to be accretive to the company's earnings in 2005. World's fleet consists of 16 wide-body MD-11 and DC-10 passenger and cargo aircraft, and North American operates three Boeing 767-300ER passenger aircraft and five Boeing 757-200ER passenger aircraft. World Airways will add another MD-11F cargo aircraft to its fleet in May.
With this acquisition, World Air Holdings, Inc., formed in January 2005, now owns World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Air Holdings now encompasses 2,000 employees providing military and commercial customers in all parts of the world with passenger and cargo service. Both World Airways and North American are major carriers of U.S. military personnel for the AMC.
INVESTOR CONFERENCE CALL AND WEBCAST
April 28, 2005, at 9A.M. EDT
Phone: 800-298-3006
A conference call for investors will begin at 9 a.m. EDT on Thursday, April 28, 2005. Investors and media can access the conference by calling 800- 298-3006 prior to the 9 a.m. start time. The investor call will be available live via the World Wide Web at http://www.worldairways.com/investors . The online replay will be available until May 12, 2005, at the same site shortly after the Web cast is complete. The broadcast also will be available at http://www.streetevents.com/ .
About World Airways
World Airways is a U.S.-certificated air carrier providing customized transportation services for major international cargo and passenger carriers, the United States military, major international freight forwarders and international leisure tour operators. Founded in 1948, World has 1,400 employees and operates a fleet of 16 wide-body aircraft to meet the specialized needs of its customers. For information, visit http://www.worldairways.com .
About North American Airlines
North American Airlines is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. North American Airlines focuses on "niche" markets, where high product quality and excellent passenger service provides value to its customers. Founded in 1989, North American has 600 employees and operates a fleet of eight passenger aircraft in charter and limited scheduled service. For information, visit http://www.northamericanair.com .
["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request). These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.]
Source: World Air Holdings, Inc.
Whale Rider
Unity is Our Strength
- Joined
- Nov 9, 2004
- Posts
- 864
redneck jihad
Well-known member
- Joined
- Jan 14, 2003
- Posts
- 96
ACWild
Well-known member
- Joined
- Feb 5, 2002
- Posts
- 396
For now, only the pilots are. The FA's are in the middle of organizing, but the last I heard, they're in the middle of collecting "expression of interest" cards while management is trying to discourage them from voting "yes" through letters and meetings. I don't think interfering with organizing is legal, but they did it to us too and I'm not a lawyer.
Share this page
Latest posts
-
-
Connecting Jump Pack to EarthX Battery
- Latest: Cactus Charlie
Latest resources
-
-
-
-
-
AC 90-89C - Amateur-Built Aircraft and Ultralight Flight Testing HandbookAmateur-Built Aircraft and Ultralight Flight Testing Handbook
- Neal
- Updated:
