Global Aero Logistics completes acquisition of World Air Holdings

ATA Airlines’ parent company, Global Aero Logistics, has completed its acquisition of World Air Holdings, the parent company of World Airways and North American Airlines.

Global entered into the $315 million merger agreement in April.

The combined company will provide diverse airlift services, including scheduled and charter passenger service as well as cargo charters, with a fleet of 56 aircraft.

As a result of the merger, World Air Holdings will cease being a public SEC reporting company and its stock will cease trading.