Global Aviation Holdings
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|Founded||February 19, 2009|
|Headquarters||Peachtree City, Georgia, USA|
Global Aviation Holdings Inc. (Global) is the parent company of World Airways, Inc. (World), and North American Airlines, Inc. (North American), headquartered in Peachtree City, Georgia. World and North American are Part 121 U.S.-certified air carriers providing customized air transportation services for major international passenger and cargo carriers, international freight forwarders, the U.S. military, international leisure tour operators, and international corporations. The company entered Chapter 11 bankruptcy on February 15, 2012 and emerged from bankruptcy on Feb. 13, 2013. On Nov. 12 2013 the company announced that it is once again filing for Chapter 11 bankruptcy protection.
Global Aviation Holdings today
Today, Global Aviation Holdings has combined revenues of more than $1 billion, 30 leased aircraft (most from GECAS and ILFC), and more than 2,200 employees. Global Aviation Holdings provides services in the passenger, commercial passenger ad-hoc lease and wet lease charter, military-on-demand, and cargo charter ACMI markets through its two airline subsidiaries.
Among Global Aviation Holdings significant competitors amidst this dwindling field of operators on the passenger side, who specialize in AMC charter contracts and (ACMI) and charter markets are, Miami International Airlines, Omni Air International and Ryan International Airlines. On the cargo side, Global Aviation Holdings operations performed by World Airways remain distant rivals to the vastly growing ABX Air's airline holdings operations and network which are now inclusive of the much smaller (ATI) Air Transport International and Capital Cargo International Airlines who at one time were fierce competitors for similar contracts. North American flew to the African continent with a link up to Virgin Nigeria Airlines, but all scheduled passenger service was discontinued in May 2008 as a result of the fuel price rise escalations of 2007-2008. Global Aviation Holdings has substantial fleet operations transiting through Atlanta ATL, New York (JFK), Baltimore Washington BWI, Dallas Ft. Worth DFW and Houston (IAH) on a regular basis.
|McDonnell Douglas MD-11||3||0||355||355||Passenger|
|McDonnell Douglas MD-11F||4||Cargo|
Global Aviation Holdings is expected to receive some Airbus A330-200F from an order placed by parent company MatlinPatterson. With the final Boeing 757 withdrawn from service, Global Aviation Holdings and North American Airlines becomes yet another all wide-body airline, much like Omni Air International, which too has no narrow-body aircraft. According to the referenced article in Businessweek, MatlinPatterson has withdrawn its Airbus order to resupply the Global fleet with newer technology widebody aircraft.
As of May 2008, Global Aviation Holdings subsidiaries North American Airlines and World Airways do not offer any scheduled service; however they operated flights into more than 120 countries worldwide in 2009.
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Originally named AmTran (Holdings) prior to 2002 and based in Indianapolis, Indiana, the holding company's name was changed to ATA Holdings Corporation, for increased transparency and to attract financial investors after the September 11 attacks economic hardships that affected the industry. ATA Holdings was a publicly traded company.
On April 8, 2004, ATA Holdings announced the sale of ATA Training Corporation to Aviation Institute of Maintenance to in order to focus on the passenger and charter business. ATA Training provided training for aircraft technicians. It was founded in Indianapolis in 1992.
ATA Holdings Corp. traded on the NASDAQ as "ATAH" until the company filed bankruptcy proceedings in October, 2004.
On April 5, 2007, New ATA Holdings, Inc., the successor company to ATA Holdings, changed its name to Global Aero Logistics Inc. (GAL). Shortly thereafter it announced the agreement to purchase World Airways and North American Airlines. Late in 2007, GAL quietly moved its headquarters to Peachtree City, Georgia, where World Airways is headquartered. Today, Global Aero Logistics provides military and commercial air transportation charters throughout the world.
- AMTRAN, INC. (Holdings) -------------------- 2002
- ATA Holdings Corp. --------------------------- 2003-2007
- Global Aero Logistics Inc. (Holdings) -- 2007-2009
- Global Aviation Holdings Inc. ------------ 2009–present
According to an Indianapolis press release from Global Aero Logisitcs Inc., and North American airlines in 2006, the combined companies of North American, ATA, and World revenues were approximately $1.6 Billion dollars.
On October 26, 2004, ATA Holdings, Inc., the former parent company of ATA Airlines, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, along with seven of its subsidiaries: ATA Airlines, Chicago Express Airlines, ATA Cargo, ATA Leisure Corp., ATA Training Corp., Amber Travel, and ExecuJet.
The Company and its subsidiaries continued to operate their respective business as debtors-in-possession under the jurisdiction of the Bankruptcy Court, and in accordance with the applicable provisions of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure and applicable court orders, and continued to do this for one and a half years.
On April 2, 2008, ATA Airlines filed Chapter 11 bankruptcy and immediately ceased all operations. The sibling airlines continued to operate. With the decision to shutter ATA Airlines, the MatlinPatterson hedge fund in control of the remaining assets of ATA Airlines and World Air Holdings, decided to acquire the cargo carrier Arrow Air.
On February 5, 2012, Global Aviation Holdings, filed Chapter 11 bankruptcy.
After the company's bankruptcy filing on October 26, 2004, drastic measures were taken to turn the company around and make it profitable. As part of its restructuring, J. George Mikelsons ATA's founder and director stepped away from the MatlinPatterson Global Aero Logistics firm and the directorship, of ATA named John G. Denison as CEO in February 2005. Later that year, launched their first-ever codeshare agreement with Southwest Airlines which had been spearheaded earlier by Mikelsons, thus enabling ATA to connect their passengers to Southwest's markets and vice-versa. ATA also cut down its scheduled operations, most significantly from its former hub at Chicago Midway International Airport.
On February 28, 2006, New ATA Holdings Inc. emerged from Chapter 11 United States Bankruptcy Protection.
Emergence of Global Aero Logistics
On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc. in a $315 million all-cash transaction. Simultaneously, New ATA Holdings officially announced their name had been changed to Global Aero Logistics, Inc., effective immediately, to reflect their diverse global operations and its recent acquisition of companies with the financial backing of the Matlin Patterson Global Opportunities investment firm. Terms of the $315 million deal were that Global Aero Logistics Inc. would operate ATA Airlines, North American Airlines, and World Airways under one umbrella (Global Aero Logistics) with each airline (ATA, North American, and World) operating independently when the transaction is completed sometime in the third quarter of 2007. Thus far the company has not addressed the potential cost savings possible through top level managerial and executive redundancies. Additionally the cost savings potential of consolidating the training, scheduling, flight crew positioning, reservations, and various other departments such as dispatch, medical, human resources, and aircraft stores has not been addressed.
In 2007 the parent company of ATA said that it was changing its name to Global Aero Logistics Inc. and was acquiring the parent company of North American Airlines. Pacific Business News said during that year "There are interesting synergies between ATA and World Air Holdings."
- Chief Financial Officer (CFO) of Global Aviation Holdings Inc. from MatlinPatterson.
- Officer since: October (with Global Aero Logistics Inc. corporate headquarters move to Atlanta.)
- "Contact Global Aviation Holdings." Global Aviation Holdings. Retrieved on 1 July 2010.
- ATW Daily News
- North American Airlines Fleet
- World Airways Fleet
- MatlinPatterson signs for six A330-200F Airbus Press Centre, 28 January 2008
- ATA Holdings Corp. to Sell ATA Training Corporation
- SEC Info - Ata Holdings Corp - 8-K - For 6/19/97
- Global Aero Logistics Completes Acquisition of World Air Holdings
- ATA Airlines
- MarketWatch.com Story
- Ambassadair Travel Club - Company Profile
- "ATA to buy World Air, North American Air." Pacific Business News. Thursday April 5, 2007. Last modified on Friday April 6, 2007. 1. Retrieved on September 12, 2011.
- Global Aviation Holdings' official website
- ATA's Executive Management Team
- ATA Airlines official website (Archive)
- North American Airlines official website
- World Airways official website