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Thread: North American Airlines Extends Leases on two 757-200's

  1. 11-15-2006, 08:59 AM #1
    Midnight Mike
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    North American Airlines Extends Leases on two 757-200's

    North American Airlines Extends Leases on Two Boeing 757-200ER Aircraft
    Wednesday November 15, 8:42 am ET

    JAMAICA, N.Y., Nov. 15 /PRNewswire-FirstCall/ -- North American Airlines, a wholly owned subsidiary of World Air Holdings, Inc. (OTC: WLDA.PK - News), has extended its leases for two Boeing 757-200ER passenger aircraft, one from ILFC and one from GECAS, until May 2013 and May 2014. The previous leases were scheduled to expire in 2007 and 2008. The aircraft are utilized for North American's charter and scheduled services. The remainder of North American's Boeing 757 fleet is leased into 2012.
    North American Airlines is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. Founded in 1989, North American operates a total of five Boeing-757-200ER aircraft and four Boeing 767-300ER aircraft. For information, visit http://www.flynaa.com.

    World Air Holdings has three wholly owned subsidiaries, World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Airways is a charter passenger and cargo airline founded in 1948, North American is a charter and scheduled passenger airline founded in 1989, and World Risk Solutions is an insurance subsidiary established in 2004. For additional information, visit http://www.worldairholdings.com.
    “The problem with socialism is that you eventually,
    run out of other people’s money.    ” - Margaret Thatcher
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  2. 11-15-2006, 12:30 PM #2
    Mellyrose
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    World also extended their leases on six MD11s....1/2 pax and 1/2 cargo.
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  3. 11-15-2006, 02:05 PM #3
    Ari707
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    wasn't North American started by EL-AL as a connector to their international flights from places like Miami, chicago, etc...
    Overheard on JFK TOWER - S Turns are fine, U-Turns are bad....
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  4. 11-15-2006, 03:51 PM #4
    INTENSS
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    Quote Originally Posted by Ari707
    wasn't North American started by EL-AL as a connector to their international flights from places like Miami, chicago, etc...
    It did indeed feed El Al flights at JFK/MIA but was a privately held American company up until early last year.

    -Rich
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  5. 11-15-2006, 07:45 PM #5
    PhilDernerJr
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    NAA started in 1990 and El Al was their first client along with Club Med for vacation charters.

    I'm eager to see NAA's 5th 763, which should be coming early next year.
    Email me anytime at [email protected].
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