Global Aviation Holdings: Privately held company, Holding company, Peachtree City, Georgia, MatlinPatterson Global Advisors, Investment company, Types ... World Airways, North American Airlines

Category: Book

Used starting at $106.59

New starting at $44.62

Buy it

Product Description

High Quality Content by WIKIPEDIA articles! Global Aviation Holdings is a private airline holding company based in Peachtree City, Georgia, owned by the worldwide MatlinPatterson Investment firm. The company's principal operational holding was ATA Airlines, Inc. (ATA), which announced cessation of most scheduled service in mid-March 2008, itself filed for bankruptcy on April 2, 2008 and ceased flying altogether later that day. On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc., an airline holding company that owns World Airways and North American Airlines via the "merger vehicle" Hugo Acquisition Corporation, in a deal worth approximately $315 million in an all-cash transaction. The transaction was completed August 15, 2007. As a result of the deal, Global Aero Logistics operate two independent airlines under one umbrella: World Airways and North American Airlines (Global also previously operated ATA Airlines).

Product Details