LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

World Airways Purchases North American

Thu Apr 21, 2005 5:12 pm

According to pilots union, World Airways has purchased privately held North American Airlines.

No further details are available.

I'd venture to guess, however this purchase would provide World with passenger capacity to continue its AMC charters as World itself was looking to acquire B767s. (Nearly purchased 2 birds from EVA in 2004) With the acquisition it gains a ready made operation without the need to go thru lengthy training and certification process for ETOPS.
From the desert to the sea, to all of Southern California
 
sunking737
Posts: 1114
Joined: Tue Feb 22, 2005 10:33 pm

RE: World Airways Purchases North American

Thu Apr 21, 2005 6:24 pm

Any Link to a story about this, or is it rumor?

We would like a source, not just what the union says.
Just an MSPAVGEEK
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: World Airways Purchases North American

Thu Apr 21, 2005 8:37 pm

Nothing publicly announced by the companies yet.

You can take a look over at the World yahoo finance bulletin board and also the flightinfo.com pilot board. Multiple postings advising of the same.

From my understanding unions were briefed on the matter this week.
From the desert to the sea, to all of Southern California
 
FRA2DTW
Posts: 236
Joined: Wed Feb 11, 2004 6:51 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 2:25 am

I am surprised that they would think of taking on a whole company when 767's and 57's are so easy to obtain on the open market. I also would have thought they would have gone after someone like Gemini since they are trying hard to balance their pax business with cargo. Maybe next time around.
 
fxra
Posts: 599
Joined: Fri Jul 16, 1999 1:03 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 3:17 am

WHile its true there are plenty of 767's and757's laying aorudn the desert, the ETOPS requirements needed to operate the Trans Oceanic legs world would need them for would take a lot of investment and time. THis is a quicker way to get the airframes and ETOPS certification. Also, since World formed the holding company earlier this year, I would bet North American would be left as a seperate certificate and operation (and thus NAA will retain a lower operating cost and will not be covered by World's unions).

This has long been a rumor among employees at World was looking at NAA. We'll see if and when it is announced.
Visualize Whirled Peas
 
FRA2DTW
Posts: 236
Joined: Wed Feb 11, 2004 6:51 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 6:59 am

You make a good point with the ETOPS issue I hadn't thought of. Now I have to wonder whether World will keep the DC-10 in the fleet because 4 aircraft types would be a lot for a small airline.
 
mham001
Posts: 4190
Joined: Thu Feb 03, 2005 4:52 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 7:16 am

Does this mean they will be ceasing their Hawaii flights? And what about tickets already purchased fro December?
 
Flyer732
Posts: 1320
Joined: Wed Nov 03, 1999 6:09 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 1:47 pm

Quoting Mham001 (Reply 6):
Does this mean they will be ceasing their Hawaii flights? And what about tickets already purchased fro December?

Nothing has been said yet. Until anything is possibly announced, don't worry about it.
 
optionscle
Posts: 428
Joined: Tue Jun 01, 2004 10:08 am

RE: World Airways Purchases North American

Fri Apr 22, 2005 4:24 pm

Well let me post the first non-business related response...

I hope they keep the NAA color scheme! I first flew North American in 1993 on an MD-83 to PUJ (MDPC, Punta Cana). I've flown them twice since on their 738's and 757's. Great flag on the tail! Not to mention "America's Greatest Little Airline!"

-Andrew
 
Vikingair
Posts: 100
Joined: Thu Aug 05, 2004 7:20 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:06 am

Now this is interesting...
 
lehpron
Posts: 6846
Joined: Tue Jul 10, 2001 3:42 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:12 am

Shoot I thought you were talking about the company for back in the 60's/70's, unless they have already been bought; if so who bought them?
The meaning of life is curiosity; we were put on this planet to explore opportunities.
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:15 am

World is due to have its earnings/investors conference call on May 5th at 4pm EDT.
Might be a good time to announce any deal with North American.
From the desert to the sea, to all of Southern California
 
WesternA318
Posts: 4465
Joined: Sun Oct 17, 2004 11:55 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:16 am

I wonder what this is going to mean for Homeric Tours and their yearly series to ATH? Especially now that they want to try EWR-ATH in conj. with CO
Check out my blog at fl310travel.blogspot.com!
 
FI642
Posts: 992
Joined: Sat Mar 12, 2005 9:48 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:25 am

My friends at World say that the purchase of another carrier is to get rid of the Flight Attendants at WOA. It would reduce crew costs. Others at WOA say to run it as a seperate company under "World Holdings", and it would allow World to get into different markets from what they are doing right now.
The ETOPS deal is a big thing. ETOPS "out of the box" would be a boost for
World Airways.

Rumor also has it that 3 of their MD-11's will be converted to Freighters on their next check, as ILFC does not want to pay for the interior mods required.
737MAX, Cool Planes for the Worlds Coolest Airline.
 
Clipper002
Posts: 659
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 3:55 am

F1642,
Exactly what vendor is available to convert 3 MD-11's on such short notice?

Ed
Ed
 
FI642
Posts: 992
Joined: Sat Mar 12, 2005 9:48 am

RE: World Airways Purchases North American

Sat Apr 23, 2005 5:19 am

Clipper002, I should have been clearer. Next C check. It's just a rumor.
737MAX, Cool Planes for the Worlds Coolest Airline.
 
wjcandee
Posts: 5129
Joined: Mon Jun 05, 2000 12:50 am

RE: World Airways Purchases North American

Sun Apr 24, 2005 1:22 am

It almost looks like one of the "factually challenged" posters from the WLDA message board has made it over here. It's allegedly a "rumor" that World is buying another airline to get rid of its flight attendants? Idiotic. World needs them. Also, the Teamsters wouldn't stand for it. Either Fl642 (who has a "fake" profile) is *starting* such a rumor with this post, or he's repeating stupid union rhetoric, which, of course, is one reason not to do this. Union carrier's holding company buys non-union carrier. Ugh. Open the spigot of problems.

The rumor as to the MD11s is so flawed in its basic premises as it reveals that whomever is feeding info to this guy has no clue what he's talking about.

--Bill
 
FI642
Posts: 992
Joined: Sat Mar 12, 2005 9:48 am

RE: World Airways Purchases North American

Sun Apr 24, 2005 4:43 am

Stranger things have happened. We'll have to wait and see, won't we.

Yes, the F/A's are talking about this, but so are folks at WO-HDQ.
737MAX, Cool Planes for the Worlds Coolest Airline.
 
Flyer732
Posts: 1320
Joined: Wed Nov 03, 1999 6:09 am

RE: World Airways Purchases North American

Sun Apr 24, 2005 8:56 am

Its also being highly discussed on the Yahoo Finance board for WLDA...
We'll just have to wait and see, nothing else we can do.
 
N1120A
Posts: 26467
Joined: Sun Dec 14, 2003 5:40 pm

RE: World Airways Purchases North American

Sun Apr 24, 2005 9:09 am

Quoting Mham001 (Reply 6):
Does this mean they will be ceasing their Hawaii flights? And what about tickets already purchased fro December?

World has scheduled experience and if NAA's operation is making money, there would be no reason to discontinue it. With NAA they get pilots who can already fly the 767 as well, since the 757 and 767 are on the same certificate
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
FRA2DTW
Posts: 236
Joined: Wed Feb 11, 2004 6:51 am

RE: World Airways Purchases North American

Mon Apr 25, 2005 2:07 am

I know that World sees business for the 767 that can be profitable because they've been in the market for them for some time. But how would they use the 757? Are they making $ the way they are used now? Perhaps they could be stationed in Europe and used for intra-European/Middle East military trips?
 
FI642
Posts: 992
Joined: Sat Mar 12, 2005 9:48 am

RE: World Airways Purchases North American

Mon Apr 25, 2005 3:58 am

Omni and ATA both use 757's for Military flights. WOA currently offers only one type of aircraft. Their last pax DC-10 is used just for the Military now. World wants to diversify their revenue mix, bringing on 75's and 76's would do that instantly. WOA misses out on a lot of business because their MD-11's are just too big.
737MAX, Cool Planes for the Worlds Coolest Airline.
 
WesternA318
Posts: 4465
Joined: Sun Oct 17, 2004 11:55 am

RE: World Airways Purchases North American

Tue Apr 26, 2005 2:50 am

Hmm, this actually sounds semi-wise from my point of view, and if our charters arent cancelled because of it, all the more better.
Check out my blog at fl310travel.blogspot.com!
 
fxra
Posts: 599
Joined: Fri Jul 16, 1999 1:03 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 6:24 am

Visualize Whirled Peas
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: World Airways Purchases North American

Thu Apr 28, 2005 7:25 am

World mentions the ability to gain access to smaller sized fleet of aircraft and North Americans ETOPS approvals were key to making the deal.

Thru the acquisition World managed to expand and diversify its revenue sources.

Good deal I say.
From the desert to the sea, to all of Southern California
 
FI642
Posts: 992
Joined: Sat Mar 12, 2005 9:48 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 7:47 am

Seems this "fake" has been right so far.

[Edited 2005-04-28 00:48:43]
737MAX, Cool Planes for the Worlds Coolest Airline.
 
Vikingair
Posts: 100
Joined: Thu Aug 05, 2004 7:20 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 7:59 am

Now I see where World might be getting more MD-11 freighters, convert some of their own pax MD-11's to cargo.
 
Clipper002
Posts: 659
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 9:22 am

I'll wait until tomorrow morning following an internal briefing before I post on this subject. From what I've seen so far this is a major coup for World.

Rgds,
Ed
Ed
 
Clipper002
Posts: 659
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 9:27 am

Forgot to clarify one thing. World Air Holdings,Inc., not World Airways purchased North American. There is a huge difference in the two.

Ed
Ed
 
alexinwa
Posts: 865
Joined: Fri Sep 29, 2000 2:08 pm

RE: World Airways Purchases North American

Thu Apr 28, 2005 12:28 pm

Looks like WO got the 767's and 757's it wanted after all. Just not the way most of us thought they would get them.

A guess here, but I would say that WO will keep the new 4 type fleet until more 767's or 757's become available. Or if they can decide on one good replacement for all. Sounds like the 772 would fit the pax and cargo needs?

How much of a drop in pax numbers on the 767 Vs. the MD11?

Thought I had heard the 767 couldn't do SEA to Japan in the layout WO would put it in???
You mad Bro???
 
CAL
Posts: 451
Joined: Sun Mar 21, 2004 10:33 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 12:43 pm


View Large View Medium
Click here for bigger photo!

Photo © João Resendes - Azores Spotters
View Large View Medium
Click here for bigger photo!

Photo © Florian Kondziela

CAL........Continental Airlines....... Work Hard, Fly Right
 
Flyer732
Posts: 1320
Joined: Wed Nov 03, 1999 6:09 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 1:59 pm

Quoting AlexInWa (Reply 29):
Thought I had heard the 767 couldn't do SEA to Japan in the layout WO would put it in???

World is not going to suddenly drop the MD11 in favor of the 767, each will continue to do what they do, and have been doing.

World will fly the MD-11 and DC-10, North American will fly the 757 and 767.
 
INTENSS
Posts: 310
Joined: Mon Aug 30, 2004 9:25 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 2:51 pm

As stated above, both companies will continue to operate as separate and distinct entities.

-Rich
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: World Airways Purchases North American

Thu Apr 28, 2005 4:45 pm

I think you will see World slowly shed its DC-10s.

In regards to running seperate companies, yes that is the plan for now, however lots of back office stuff like accounting and such will be consolidated under the World Airways Holdings umbrella.

As far as the operating certificates and offices, I'd give Holdings no more then two years until they are consolidated into one.
From the desert to the sea, to all of Southern California
 
Flyer732
Posts: 1320
Joined: Wed Nov 03, 1999 6:09 am

RE: World Airways Purchases North American

Thu Apr 28, 2005 4:52 pm

Quoting Laxintl (Reply 33):
I think you will see World slowly shed its DC-10s.

As a side note to that, until a month or two ago, World was about to aquire another DC-10, but the deal fell through somewhere along the way.
The one pax 10 is kept fairly busy, along with the two freighters, so who knows.
 
WesternA318
Posts: 4465
Joined: Sun Oct 17, 2004 11:55 am

RE: World Airways Purchases North American

Fri Apr 29, 2005 3:50 am

Where do they usually use the DC-10 on?
Check out my blog at fl310travel.blogspot.com!
 
Clipper002
Posts: 659
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Purchases North American

Fri Apr 29, 2005 4:25 am

The DC-10 operates AMC channel flights out of NGU.

Ed
Ed
 
User avatar
OzarkD9S
Posts: 4723
Joined: Tue Oct 23, 2001 2:31 am

RE: World Airways Purchases North American

Fri Apr 29, 2005 5:43 am

So will North American be the scheduled arm of WAH and World the charter/leasing arm?
Next up: STL-OAK-RNO-LAS-ICT-STL
 
wjcandee
Posts: 5129
Joined: Mon Jun 05, 2000 12:50 am

RE: World Airways Purchases North American

Fri Apr 29, 2005 6:34 am

Management said the following about the scheduled service today. First, it has never been profitable, since its inception. Second, they would review it. Third, they would look to do what was profitable for the company, without prejudging. Draw your own conclusions.

Who is online

Users browsing this forum: Argustuft, Channex757, FLJ, hayzel777, mat66, NolaMD88fan, RalXWB, Wingtip1005, Yahoo [Bot], zkncj and 183 guests