Press Releases

Air Transportation Stabilization Board Conditionally Approves Application by World Airways, Inc.

(Archived Content)

    JS-218

WASHINGTON, DC - The Air Transportation Stabilization Board (the Board) today conditionally approved the application by World Airways, Inc. for a $27 million loan guarantee under the Air Transportation Safety and System Stabilization Act and implementing regulations promulgated by the Office of Management and Budget.  The Board voted 2:1 with Treasury Under Secretary Peter Fisher dissenting.  The Boards approval is subject to several conditions identified in the Boards letter to World Airways, Inc., which is attached.
 

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