World Airways schedules vote on sale
World Air Holdings said shareholders will vote July 18 on the proposed sale of the company to Global Aero Logistics, parent company of ATA Airlines.
Global Aero has offered to pay $315 million, or $12.50 in cash per World share. World Airways, one of the operating companies involved in the transaction, has a fleet of passenger and cargo planes that it flies under contract to commercial passenger and cargo customers.
World Airways schedules vote on sale