World Air sale contingent on financials
The parent company of World Airways, which operates passenger and cargo charter service for airlines, said it’s proposed merger with Global Aero Logistics has been pushed back a few weeks in order to complete necessary financial statements.
The delivery of the company’s 2006 annual results and first quarter 2007 results has been pushed back from June 30 to July 6 and Aug. 3, respectively.
Global Aero Logistics is the owner of ATA Airlines. The amended agreement also conditions the merger on Global Aero Logistics finding suitable financing that meets its needs.
World Air Holdings shareholders will vote on the deal July 18.
World Air sale contingent on financials
