Peachtree

City accomplished a major coup last week when an

international airline decided to move its corporate

headquarters to own.

World

Airways, whose CEO Hollis Harris is a Peachtree City

resident, said it would move its headquarters from just

outside Washington to Peachtree City.

The company

is a charter carrier and plans to locate in a new office

building next to the Kedron Shopping Center on Ga.

Highway 74.

Harris own

the property where the office building will be

constructed and will also own the office building.

The CEO is

the former president of Delta Air Lines and has lived in

the city for years. The move is scheduled to occur in the

first quarter of 2001.

Company

officials said a large pool of experienced airline

personnel in the Atlanta area is one of the reasons its

flying south

In

addition, the company's pilot training is currently

conducted in Atlanta and World Airways is negotiating

agreements with an Atlanta based company to perform heavy

maintenance and engine overhaul work for its fleet of

MD-11 aircraft.

Officials

added the move will save the company approximately $5

million on a net present value basis. These cost savings

include costs associated with employee turnover and lower

office building lease costs. The lease rate for the new

facility will be approximately 18.3% lower than now being

paid.

"Atlanta's

Hartsfield International Airport is poised to develop

into a major regional cargo hub and the company's

recently announced acquisition of additional freighter

aircraft support our headquarters being close to both our

pilot training and our cargo operations and

customers," said Harris.