Today, Teamster representatives of the Flight Attendants and Pilots of World Airways announced that bankruptcy discussions with their employer failed to yield an agreement on concessions their carrier was seeking. Approximately one year ago, Teamsters members sacrificed $75 million in concessions to allow World to emerge from bankruptcy for the first time. Less than nine months after emerging in February 2013, the company again declared bankruptcy in November 2013.
Global Aviation Holdings, Inc., the largest commercial provider of charter air services to the US Military and a major provider of worldwide commercial global passenger and cargo air transportation services, today announced that the Company and its subsidiaries, including its two operating airlines World Airways and North American Airlines, have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.
A letter from Airline Division Director Capt. David Bourne to RAH crewmembers explains that no ratification vote can be held at this point after the company substantially modified its previous final offer. At this point there is no clear and definitive “Last, Best, and Final Offer” for the members to review and vote upon. The Division anticipates the NMB will call the Company and the Union back to the table for a status meeting.