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EspañolGLOBAL AERO LOGISTICS
(Redirected from Global Aero Logistics Inc.)
'Global Aero Logistics, Inc.', formerly known as 'New ATA Holdings Inc.', is a private airline holding company, owned by the worldwide Matlin Patterson Investment firm, but based in Indianapolis, Indiana. The company's principal operational holding is ATA Airlines, Inc. (ATA). On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc., an airline holding company that owns World Airways and North American Airlines via the "merger vehicle" Hugo Acquisition Corporation, in a deal worth approximately $315 million in an all-cash transaction. The transaction was completed August 15, 2007. As a result of the deal, Global Aero Logistics operates three independent airlines under one umbrella: ATA Airlines, World Airways, and North American Airlines. Each airline, even though quite small in terms of modern airline economies of scale standards, as stated in the official announcement, is to keep operating independently. [1] Shortly before the announcement, ATA Holdings changed its name to "Global Aero Logistics, Inc.", in a move that, according to CEO Subodh Karnik, "better reflects the company's diverse, worldwide operations." [2]
Originally founded as the successor to Amtran Holdings in 2002, ATA Holdings was a publicly traded company. ATA Holdings Corp. traded on the NASDAQ as "'ATAH'" until the company filed bankruptcy proceedings in October, 2004. On April 5, 2007, New ATA Holdings, Inc. changed its name to Global Aero Logistics, Inc. Today, Global Aero Logistics provides scheduled airline services, as well as military/commercial air transport charter businesses throughout the world.
On October 26, 2004, ATA Holdings, Inc., the former parent company of ATA Airlines, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, along with seven of its subsidiaries: ATA Airlines, Chicago Express Airlines, ATA Cargo, ATA Leisure Corp., ATA Training Corp., Amber Travel, and ExecuJet.
Logo of ATA Airlines 
Logo of World Airways 
Logo of North American Airlines The Company and its subsidiaries continued to operate their respective business as debtors-in-possession under the jurisdiction of the Bankruptcy Court, and in accordance with the applicable provisions of the Bankruptcy Code, the Federal Rules of Bankruptcy procedure and applicable court orders, and continued to do this for one and a half years.
After the company's bankruptcy filing on October 26, 2004, drastic measures were taken to turn the company around and make it profitable. In February, 2005, ATA named John G. Denison CEO, and later that year, launched their first-ever codeshare agreement with Southwest Airlines, enabling ATA to connect their passengers to Southwest's markets and vice-versa. ATA also cut down its scheduled operations, most significantly from its former hub at Chicago Midway International Airport. On February 28, 2006, New ATA Holdings Inc. emerged from Chapter 11 United States Bankruptcy Protection.
On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc. in a $315 million all-cash transaction. Simultaneously, New ATA Holdings officially announced their name had been changed to Global Aero Logistics, Inc., effective immediately, to reflect their diverse global operations and its recent acquisition of companies with the financial backing of the Matlin Patterson Global Opportunities investment firm. Terms of the $315 million deal were that Global Aero Logistics, Inc. would operate ATA Airlines, North American Airlines, and World Airways under one umbrella (Global Aero Logistics) with each airline (ATA, North American, and World) operating independently when the transaction is completed sometime in the third quarter of 2007. Thus far the company has not addressed the potential cost savings of consolidating the training, scheduling, crew positioning, reservations, and various other departments, other than to say interesting economic "synergies" among the three airline companies exist.
With combined revenues of more than $1.7 billion, more than 60
aircraft, and more than 4,500 employees, Global Aero Logistics, Inc. is dedicated to providing services in the passenger, commercial passenger charter, military-on-demand and cargo charter (ACMI) markets in which an increasingly greater amount is now being concentrated in the hands of this one particular company masquerading as three separate business entities.
As of August 2007, Global Aero Logistics has 56 aircraft in its fleet consisting of: [3][4][5]
An ATA Airlines Boeing 757-200 (N512AT) at Phoenix Sky Harbor International Airport.
ATA Airlines Fleet
North American Airlines Fleet
World Airways Fleet
As of September 2007, Global Aero Logistics serves 21 scheduled destinations, and various charter destinations:
ATA Airlines Destinations
★ ATA Airlines provides scheduled service to 16 destinations.
★ Main articles: ATA Airlines destinations
North American Airlines Destinations
★ North American Airlines provides scheduled service to 5 destinations.
:''Main article: North American Airlines destinations''
World Airways Destinations
★ World Airways provides scheduled service to no destinations, however, the airline has an extensive charter operation.
===John G. Denison===
★ Chairman of the Board of Global Aero Logistics, Inc.
★
★ Officer Since: February 21, 2005 (when holding company was named "New ATA Holdings Corp.")
===Subodh Karnik===
★ President and Chief Executive Officer (CEO) of ATA Airlines and Global Aero Logistics, Inc.
★
★ Officer Since: June 2, 2005 (when holding company was named "New ATA Holdings Corp.")
===Douglas F. Yakola===
★ Senior Vice President and Chief Financial Officer (CFO) of ATA Airlines and Global Aero Logistics, Inc.
★
★ Officer Since: January 10, 2006 (when holding company was named "New ATA Holdings Corp.")
1. Global Aero Logistics acquisition of World Air Holdings
2. ATA Holding changes its name
3. ATA Airlines Fleet
4. North American Airlines Fleet
5. World Airways Fleet
★ ATA's Executive Management Team
★ ATA Airlines official website
★ North American Airlines official website
★ World Airways official website
'Global Aero Logistics, Inc.', formerly known as 'New ATA Holdings Inc.', is a private airline holding company, owned by the worldwide Matlin Patterson Investment firm, but based in Indianapolis, Indiana. The company's principal operational holding is ATA Airlines, Inc. (ATA). On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc., an airline holding company that owns World Airways and North American Airlines via the "merger vehicle" Hugo Acquisition Corporation, in a deal worth approximately $315 million in an all-cash transaction. The transaction was completed August 15, 2007. As a result of the deal, Global Aero Logistics operates three independent airlines under one umbrella: ATA Airlines, World Airways, and North American Airlines. Each airline, even though quite small in terms of modern airline economies of scale standards, as stated in the official announcement, is to keep operating independently. [1] Shortly before the announcement, ATA Holdings changed its name to "Global Aero Logistics, Inc.", in a move that, according to CEO Subodh Karnik, "better reflects the company's diverse, worldwide operations." [2]
| Contents |
| History |
| Bankruptcy |
| Restructuring |
| Emergence of Global Aero Logistics |
| Global Aero Logistics today |
| Fleet |
| Destinations |
| Management |
| References |
| External links |
History
Originally founded as the successor to Amtran Holdings in 2002, ATA Holdings was a publicly traded company. ATA Holdings Corp. traded on the NASDAQ as "'ATAH'" until the company filed bankruptcy proceedings in October, 2004. On April 5, 2007, New ATA Holdings, Inc. changed its name to Global Aero Logistics, Inc. Today, Global Aero Logistics provides scheduled airline services, as well as military/commercial air transport charter businesses throughout the world.
Bankruptcy
On October 26, 2004, ATA Holdings, Inc., the former parent company of ATA Airlines, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, along with seven of its subsidiaries: ATA Airlines, Chicago Express Airlines, ATA Cargo, ATA Leisure Corp., ATA Training Corp., Amber Travel, and ExecuJet.
Restructuring
After the company's bankruptcy filing on October 26, 2004, drastic measures were taken to turn the company around and make it profitable. In February, 2005, ATA named John G. Denison CEO, and later that year, launched their first-ever codeshare agreement with Southwest Airlines, enabling ATA to connect their passengers to Southwest's markets and vice-versa. ATA also cut down its scheduled operations, most significantly from its former hub at Chicago Midway International Airport. On February 28, 2006, New ATA Holdings Inc. emerged from Chapter 11 United States Bankruptcy Protection.
Emergence of Global Aero Logistics
On April 5, 2007, Global Aero Logistics announced an agreement to acquire World Air Holdings, Inc. in a $315 million all-cash transaction. Simultaneously, New ATA Holdings officially announced their name had been changed to Global Aero Logistics, Inc., effective immediately, to reflect their diverse global operations and its recent acquisition of companies with the financial backing of the Matlin Patterson Global Opportunities investment firm. Terms of the $315 million deal were that Global Aero Logistics, Inc. would operate ATA Airlines, North American Airlines, and World Airways under one umbrella (Global Aero Logistics) with each airline (ATA, North American, and World) operating independently when the transaction is completed sometime in the third quarter of 2007. Thus far the company has not addressed the potential cost savings of consolidating the training, scheduling, crew positioning, reservations, and various other departments, other than to say interesting economic "synergies" among the three airline companies exist.
Global Aero Logistics today
With combined revenues of more than $1.7 billion, more than 60
aircraft, and more than 4,500 employees, Global Aero Logistics, Inc. is dedicated to providing services in the passenger, commercial passenger charter, military-on-demand and cargo charter (ACMI) markets in which an increasingly greater amount is now being concentrated in the hands of this one particular company masquerading as three separate business entities.
Fleet
As of August 2007, Global Aero Logistics has 56 aircraft in its fleet consisting of: [3][4][5]
ATA Airlines Fleet
| Aircraft | Total | Passengers (Business/Coach) | Routes | Notes |
|---|---|---|---|---|
| Boeing 737-300 | 2 | 138 (138) | Medium haul | |
| Boeing 737-800 | 12 | 160 (12/148) 175 (175) | Medium-long haul | |
| Boeing 757-200 | 6 | 185 (12/173) 200 (200) | Long haul and Charters | |
| Boeing 757-300 | 4 | 247 (247) | Long haul and Charters | North American launch customer |
| Lockheed L-1011-500 Tristar | 3 | 283 (283) | Military charters | Exit from service: November 2008 Replacement aircraft: Douglas DC-10-30 |
| McDonnell Douglas DC-10-30 | 2 | 318 (318) | Military charters | 9 purchased from Northwest Airlines (4 will be used by ATA) (3 will be leased to World Airways) (2 will be stored) |
North American Airlines Fleet
| Aircraft | Total | Passengers (Business/Coach) | Routes | Notes |
|---|---|---|---|---|
| Boeing 757-200 | 5 | 199 (16/183) | Scheduled / Charters | |
| Boeing 767-300 | 5 | 206 (30/176) 247 (247) | Scheduled / Charters |
World Airways Fleet
| Aircraft | Total | Passengers (Business/Coach) | Routes | Notes |
|---|---|---|---|---|
| McDonnell Douglas DC-10-30 | 3 | 291 (24/267) 357 (357) | Charters | 2 are configured as cargo aircraft |
| McDonnell Douglas MD-11 | 14 | 323 (27/296) 400 (400) | Charters | 6 are configured as cargo aircraft |
Destinations
As of September 2007, Global Aero Logistics serves 21 scheduled destinations, and various charter destinations:
ATA Airlines Destinations
★ ATA Airlines provides scheduled service to 16 destinations.
★ Main articles: ATA Airlines destinations
North American Airlines Destinations
★ North American Airlines provides scheduled service to 5 destinations.
:''Main article: North American Airlines destinations''
World Airways Destinations
★ World Airways provides scheduled service to no destinations, however, the airline has an extensive charter operation.
Management
===John G. Denison===
★ Chairman of the Board of Global Aero Logistics, Inc.
★
★ Officer Since: February 21, 2005 (when holding company was named "New ATA Holdings Corp.")
===Subodh Karnik===
★ President and Chief Executive Officer (CEO) of ATA Airlines and Global Aero Logistics, Inc.
★
★ Officer Since: June 2, 2005 (when holding company was named "New ATA Holdings Corp.")
===Douglas F. Yakola===
★ Senior Vice President and Chief Financial Officer (CFO) of ATA Airlines and Global Aero Logistics, Inc.
★
★ Officer Since: January 10, 2006 (when holding company was named "New ATA Holdings Corp.")
References
1. Global Aero Logistics acquisition of World Air Holdings
2. ATA Holding changes its name
3. ATA Airlines Fleet
4. North American Airlines Fleet
5. World Airways Fleet
External links
★ ATA's Executive Management Team
★ ATA Airlines official website
★ North American Airlines official website
★ World Airways official website
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