He added, "We thank the

ATSB for its flexibility and support this past year, as we've worked

to close this loan. We look forward to working with the new lenders in

building a strong financial future for the Company."

Utilizing a well-maintained

fleet of international range, widebody aircraft, World Airways has an

enviable record of safety, reliability and customer service spanning more

than 55 years. The Company is a U.S. certificated air carrier providing

customized transportation services for major international passenger and

cargo carriers, the United States military and international leisure tour

operators. Recognized for its modern aircraft, flexibility and ability

to provide superior service, World Airways meets the needs of businesses

and governments around the globe. For more information, visit the Company's

website at www.worldairways.com .

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