MatlinPatterson World Airways Succesor Cerberus Shuts down World Airways
Posted in the Airlines Forum
#1 Mar 27, 2014
MatlinPatterson World Airways Succesor Cerberus Shuts down World Airways. Unclear at this stage if Cerberus will just lease out the planes of World and North American to extricate profit.
North American Airlines will be downsizing some more though is what has been said.
#2 Apr 22, 2014
Sounds like Cerberus wanted to wash its hands quickly of Global Aviation Holdings.
#4 May 10, 2014
Former vice president Dan Quayle's leadership role in the private equity firm Cerberus and the destruction of World Airways seems to mirror Mitt Romney's history in this area too.
Interesting big. Biz ties.
#5 Dec 20, 2014
World Airway's demise began when Global Aviation and it's very greedy management took over the three carriers! Alas the Upper Management at Global stole theirs! What a sin against God?
Rest in Peace World Airway's.
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