World airways ceases operations
Despite the long and drawn-out struggle to save World Airways since November of 2013, Thursday the airlines announced that it would no longer be operating flights.
It was announced, Tuesday, that the Peachtree City, Georgia-based company, had defaulted on its loan and that the lien holder stopped providing any funding to the struggling airline. As a result, 109 pilots and an additional 146 flight attendants were laid off as the company began to shut down the different phases of operation.
The company was originally founded during 1948, and the main components of their business were passenger charter and cargo flights. Their aircraft of choice were the MD-11 and the B747-400. The primary customer over the many years of operation for this airline was the military.
The COO of World Airways, Erig Bergesen, said "the battle to save Word has been difficult. […] A lot of people have worked hard to try and save our airline. Despite this regrettable outcome, I sincerely thank each of our employees for their dedication and continued support as we attempted to build a future for the company." The sister airlines, North American Airlines, plans to be able to emerge from its bankruptcy soon, and will continue to operate. North American Airlines, founded during 1989, plans to continue using the B767-300ER for its passenger chartered flights. To find out more, visit here.