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Old 12-07-2013, 04:30 AM
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Default World and NAA to auction off assets

Third party info has said the parent company of World and North American are going to auction assets in February to raise cash for operation of the two airlines...Anyone else hear about this? These two historically great airlines deserve better if it's true....
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Old 12-07-2013, 06:02 AM
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Originally Posted by HeavyDriver View Post
Third party info has said the parent company of World and North American are going to auction assets in February to raise cash for operation of the two airlines...Anyone else hear about this? These two historically great airlines deserve better if it's true....
Uh oh.... I work for NAA and haven't heard anything remotely like that.
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Old 12-07-2013, 08:08 AM
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If an auction does take place, my guess is that its World assets that will go. NAA is supporting the whole operation now.
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Old 12-07-2013, 11:54 PM
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Originally Posted by HeavyDriver View Post
Third party info has said the parent company of World and North American are going to auction assets in February to raise cash for operation of the two airlines...Anyone else hear about this? These two historically great airlines deserve better if it's true....
From looking at the filed BK papers, it doesn't appear there are any assets so not sure what there could possibly be to auction. Both operations lease everything they use.
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Old 12-08-2013, 03:01 AM
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Originally Posted by Packrat View Post
If an auction does take place, my guess is that its World assets that will go. NAA is supporting the whole operation now.
There are no assets other than the certificates. Everything is leased
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Old 12-08-2013, 04:07 PM
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A friend of mine in NAA OPS is being perm furloughed in February.
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Old 12-15-2013, 05:49 AM
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Default World and NAA to auction off assets

World OCC closes tomorrow.
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Old 12-15-2013, 05:01 PM
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What does that mean for the operation? Just shifting everything to the NAA OCC?
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Old 12-15-2013, 06:11 PM
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Originally Posted by CandlerKid View Post
What does that mean for the operation? Just shifting everything to the NAA OCC?
Yep, World will subcontract OCC and crew scheduling from NAA. Keep your eye on the pea
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Old 01-13-2014, 08:54 AM
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Default World and NAA to auction off assets

Any other word on what's going on with NAA and WO? We heard that the dispatch group was being laid off? Any truth to this rumor?
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