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TheStreet Open House

Global Aviation Holdings Files For Chapter 11 Reorganization

In conjunction with its reorganization, the Company has obtained debtor-in-possession (DIP) financing from its first lien lenders. On Court approval, the new financing and cash generated from the Company's ongoing operations will be used to support the business during the reorganization process.

The Company has filed various motions with the Court in support of its reorganization, including requesting authorization to continue paying employee wages and providing health care and other benefits. The Company has also asked for authority to continue existing customer programs and intends to pay vendors for goods and services provided after the filing date of November 12, 2013.

The Company has established a toll-free Restructuring Information Hotline for interested parties, at (877) 726-6511 in North America or internationally at (424) 236-7251.  Additional information is available on the Company's website at www.glah.com. Court filings and other documents related to the reorganization proceedings are available on a separate website administered by the Company's claims agent, KCC, at www.kccllc.net/GLAH.  

About Global Aviation Holdings

Global Aviation Holdings Inc. is the parent company of North American Airlines and World Airways. North American Airlines, founded in 1989, operates passenger charter flights using B767-300ER aircraft. World Airways, founded in 1948, operates cargo and passenger charter flights using B747-400 and MD-11 aircraft.  For more information, visit http://www.glah.comhttp://www.flynaa.com, and   http://www.woa.com.

Media Contacts: Michael Freitag or Aaron Palash Joele Frank, Wilkinson Brimmer Katcher(212) 355-4449  

SOURCE Global Aviation Holdings, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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