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World, ATA , and North American

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On April 5, 2007, World Air Holdings, Inc. ("World"), Global Aero Logistics Inc. ("GAL") and an indirect wholly owned subsidiary of GAL ("Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement"). Under the Merger Agreement, Sub will be merged with and into World (the "Merger"), with World continuing after the Merger as the surviving corporation and as an indirect wholly owned subsidiary of GAL
 
I believe that the "merger" in which World Air is the suriving entity, is the merger between Hugo Acquisition Group and World Air. The "new" entity with the World name, will be a wholly-owned susidiary of "GAL", which is the parent corp of ATA Airlines.

Skipper
 
After reading the official SEC 8 filing and also reading what TZSkipper has to say I tend to agree with his/her understanding of it.

Hopefully its not just wishful thinking on my part.
 
ATADave,

I think we all understand the mechanics of a strike at least I do. I just stated the prevailing thought at the time. And in no way want to imply or suggest to strike AMC would be unpatriotic. At the time this was the descision and had the stike lasted longer than 11 days it is likely or at least possible for AMC adhoc to have been affected. We were called off strike and it never went that far. The no strike was in the contract at ATI and it is in the CBA at WOA. Since ATA has avoided this clause in thier CBA then I say congrats. If NAA can avoid it as well then maybe WOA can revisit this at next contract talks. Unity is the only way to fight this Mgmt group as I have no confidence in what they say. I look forward to being a united front and setting a new precedent where it comes to mergers in the airlines.

All the best!

Dave Mauldin
 
Ockham's Razor

The other side of coin could be black and white.

[SIZE=-1]Mattlin Patterson [/SIZE]buys "distressed" companies. Dresses them up, and sells them.

WLDA's MD-11/DC-10 compliment ATA's DC-10/L1011s well.
ATA's 757 compliment 757/767 well.

One nice large charter operation for sale. After going through this before, perhaps we're giving these guys too much credit.

-NYB
 
On the private ATA pilot board the only seniority integration discussions have been about doing the right thing and being an example that other airlines should follow.
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That's nice to read. I wish all the ATA pilots thought that way, especially the one in ADA that was all nice when the World crews were around, but later, when he thought no one was listening, was talking trash about stapling etc, etc. But we joke around.
How I like to see things transpire, like someone else mentioned, ATA absorb NAA taking the 757 and 767s with a DOH integration, and World getting all 7 DC-10s. :D I know, I'm dreaming but its an idea.
 
We have our 10% of a holes! Actually, it's less than 10%! I hope whoever he was with set him straight. ALL of the guys I have spoken with want to see a DOH with seat/base/aircraft protection for a time limit and EVERYONE on one list. Then, there will be no playing one against the other. Many do not want to see what happened here happen to anyone else.

Rob V.
 
"...talking trash about stapling..."

The Beauty of Life is Karma.

The little Pin-Wheel that was talking that Krap had better be ready....When World is the surviving entity and decides to take his advice. AND, depending on which aircraft he is on at the time....He may not EVEN BE AFFORDED THAT OPPORTUNITY.

It's amazing how ignorant and uninformed some people can be. World will be the remaining Carrier. It is stated in Black-and-White in numerous Court Documents that are available ( and have been posted ) for Public consumption.

YET, the weak minded Fools riddle this Industry like a Cancer.

They also are transporting our Families, Friends, and Relatives.

Scary.


YKW
 
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CCDiscoB said:
...........when he thought no one was listening, was talking trash about stapling etc, etc. But we joke around.
.............................
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I'm sure the guy was kidding. I can't think of anyone, even our 10%, that would actually be serious about something like that.

Although, in all honesty, I don't see a merger in the near term. The best thing we can do is coordinate at the leadership level (I use the term loosely), share information, and work together toward a common goal.

And wait for the other shoe to drop, whatever that may be.
 
Under the Merger Agreement, Sub will be merged with and into World (the "Merger"), with World continuing after the Merger as the surviving corporation and as an indirect wholly owned subsidiary of GAL
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Who is "Sub"?
 
I think that "Sub" is the wholly-owned subsidiary (other than ATA Airlines) that GAL created specifically to purchase World Air Holdings. Once the acquisition is complete, the wholly-owned subsidiary will retain the World Air Holdings name.

Skipper
 
"Sub" is whomever the Holding Companies NEED it to be.

Most likely, NAA, ATA....Which will then be rolled into World / G.A.L as the final entity.

The subsequent Corporation ( World Airlines ) will be Sold at Will by the Holding Company / Global Aero Logistics...aka ATAH Holdings...aka Matlin-Patterson.

Done.


YKW
 
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I asked who is "Sub".
World Air Holdings consists of three wholly owned subsidiaries: World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Airways is a charter passenger and cargo airline founded in 1948, North American is a charter passenger airline founded in 1989, and World Risk Solutions is an insurance subsidiary established in 2004.
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Maybe World Risk Solutions, Ltd.?
 
Well Whine Lover must be a world Fan. Think about this the 315 million for World that JP Morgan financed was not the total sum there is more money involved than that. It is highly doubtful that MP could sell the whole thing for that or more. I believe his main goal is to operate it then take it public and get his investors return. If you look at his history he does nothing without a base return of 20 pcnt. World will be a cargo carrier by the time this is all said and done. ATA will be scheduled serivice and Charter passenger service. NAA does not have a contract as right now ( if my info is correct) so that is easy move the aircraft, sell the certificate then you only have two union bodies to deal with. Since it will be seperate certificates operating two different types of businesses no stapleing (right).
 
ATADSIP said:
Well Whine Lover must be a world Fan. Think about this the 315 million for World that JP Morgan financed was not the total sum there is more money involved than that. It is highly doubtful that MP could sell the whole thing for that or more. I believe his main goal is to operate it then take it public and get his investors return. If you look at his history he does nothing without a base return of 20 pcnt. World will be a cargo carrier by the time this is all said and done. ATA will be scheduled serivice and Charter passenger service. NAA does not have a contract as right now ( if my info is correct) so that is easy move the aircraft, sell the certificate then you only have two union bodies to deal with. Since it will be seperate certificates operating two different types of businesses no stapleing (right).
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Does "status quo" apply during initial contract talks? If so, unless in ch. 1113, wouldn't it be hard to dispose of a/c at NAA and realign to the other two?
 
bigboeings said:
NAA has very little assets to speak of, except maybe viable ,profitable contracts
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You have airplane leases, route authority, and an operating certificate with ETOPS. You're not exactly worth nothing.
 

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