World Air sold

Today's AJC business page says World Air is being sold to the parent of something called ATA in Indianapolis. (You can see story at their website under 'business' area.) Not clear what it means for the local office, story sez. Apparently they'd been shopping for some sort of new ownership deal.

Anyone know if it means a big emtpy office up at the front door to town? Story sez 300 people work at the HQ, which would have to make it one of PTC's biggest employers...

bowser's blog | login to post comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
World Air sold
Submitted by dollaradayandfound on Sat, 04/07/2007 - 8:30am.

Employees mean NOTHING anymore.
Follow the money on this one. See who has the most stock to cash in at a great price (maybe even former CEOs).
Folks, this is what it is all about and it doesn't have to be.
The good workers could be kept or transferred, or they could be allowed to share in the windfall, but they won't.

login to post comments
WOA
Submitted by spare-ribs on Fri, 04/06/2007 - 12:12pm.

The Company told us in the meeting this morning it was for the good of the company and would lead to bigger and better things! geez Frank Lorenzo told us that at Eastern one day also!!!

login to post comments
World Air Holdings Announcement
Submitted by boxwing on Fri, 04/06/2007 - 9:50am.

See the following URL, www.worldairholdings.com/news/, to read the press release on the sale. Since the buyer operates their current airlines as independent units, that may continue. Or... there may be a power struggle within the merged company for where the consolidation of offices will be. I've been through that before in a major meger, so good luck to the local World employees!

login to post comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.