Business Summary
World Airways, Inc., a wholly owned subsidiary of Global Aviation Holdings, Inc., is a U.S. certificated air carrier established in 1948. For 60 years, World Airways has been a global provider of long-range passenger and cargo air transportation services to the U.S. Air Force, major international airlines and freight forwarders, international leisure tour operators and cruise ship companies.
The company operates wide-body, long-range aircraft (MD-11s, DC-10s and Boeing 747s) under two types of fixed-rate contracts - ACMI (aircraft, crew, maintenance and insurance) and Full Service. Under both types of contracts, the customer bears the responsibility for filling the aircraft's passenger and cargo capacity. Many of World's airline customers have determined that outsourcing a portion of their wide-body passenger or cargo requirements can be cost-effective, offering significant operational and financial flexibility.
