Is World Airways shutting down PAX ops?

Is World Airways shutting down PAX ops?

Posted in the Airlines Forum

CharterOne Airways

AOL

#1 Aug 26, 2013
Just noticed that Global Aviation Holdings - World Airways is going to be down to 2 aircraft. Once World gets rid of all of its PAX charter a/c does anyone forsee World Airways and

North American Airlines merging?
North American Airlines spun off?
World Airways freight division spun off?

Not sure who may be interested in these types of operations other than

Atlas Airlines - and
Omni Air International - Airlines or even some other
Freight Airline operations but it is sure looking like

World / North American

is but a shell of its former operations. What mistakes were made here?
Lest U Forget

United States

#2 Aug 27, 2013
Some mistakes can probably be traced back to the the mistakes of the parent company, directed by the MatlinPatterson owners; putting the squeeze and pressure upon World Airways to maximize every ounce of profit at any expense in regards to crew scheduling, resulting in the DC10 hard landing and almost crash in Baltimore a while back.

http://www.bloomberg.com/news/2011-10-25/pilo...

If memory serves me well, this actual aircraft was the same plane, named Freedom Bird, which had been transferred from ATA Airlines during an asset swap by the parent company not unlike the asset swap Frank Lorenzo conducted between Eastern Airlines and Continental Airlines with the A300 Airbus during his reign of failure their.

Fortunately the good karma of a 38 year history of an accident free existence corporate culture remained with this former ATA plane that had been transferred over to World Airways by the MatlinPatterson front company, and

NO TROOPS OR CREW were killed in the accident / incident. This was quite miraculous and can only be considered as a sign and testament from above to those who fostered a culture of safety at ATA as Freedom Bird was able to bring one last group of troops home happily and in one piece rather, than in tragedy that had beset so many other charter company airline ops.

Thanks for protecting these troops and colleague crews Freedom Bird... you did your job well!
Revolting Taxpayer

United States

#3 Aug 27, 2013
CharterOne Airways wrote:
Just noticed that Global Aviation Holdings... What mistakes were made here?
Yes the 8 DC 10's were bought by ATA Airlines from Northwest Airlines for the military charters, during its time post 911 reorganization. Continued Operational fitness liquidity requirements by the DOT and FAA, and post 911 ATSB (Air Transportation Stabilization Board) funding along with DIP during its codeshare agreement with WN allowed for the purchase. Of the 7 or 8 DC10's paid for, I believe only three ever wore ATA Decals, with the remainder being transferred to operate directly by World Airways under the holding organization led by MatlinPatterson after this group repaid WN's DIP.

The other DC10's which were promoted as S P A R E - P A R T S to ATA 's creditors and all alike by MatlinPatterson's front company were actually used by the parent company to fly troops and charters by World Airways after WN DIP loans were repaid. The private equity firm, MatlinPatterson and the front company then did a sale of the DC10's to another firm and then had ATA lease the DC10 aircraft back and account for the expenses and shoulder the burden of World and TZ ops that way. I believe there may be a banking company dispute still remaining regarding the lease of one of these particular aircraft, that has continually been swept under the rug by the ongoing bankruptcies that MatlinPatterson / Global Aero Logistics / Global Aviation Holdings / ATA / World / North American Airlines have been going through under the Private Equity Firm's leadership.

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