The PR says they will operate as 3 companies, that is good news from my point of view.
WOA has out lasted WorldCorp(1st holding company), and now WorldAirHoldings(2nd holding company).
Not sure how the ATA DC10 thing is going to play out though with 2 companies operating the same type a/c, sounds like the making of a pilot/mismanagement legal battle.
WG