Bankruptcy again for PTC’s World Airways

Global Aviation Holdings, Inc., including its two operating air lines World Airways and North American Airlines, all headquartered in Peachtree City, has announced it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.

It’s the second time this year the company has been under a Chapter 11 umbrella. It emerged from the earlier filing this past February.

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via The Citizen

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