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  September 5, 2001
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Home > Company Index > Transportation > Airlines > World Airways, Inc.

World Airways, Inc.
Nasdaq (SC): WLDA
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 PROFILE
World Airways' philosophy is that its airline is your airline -- for the price of a lease. The company provides long-range wide-body passenger and cargo air transport on an outsource basis. Customers include personnel and cargo transport for the US Air Force (more than 40% of sales), Garuda Indonesia, and Renaissance Cruises (flights to Athens and Istanbul from New York City). The company's fleet comprises 10 McDonnell Douglas aircraft, and it has four more on order. World Airways offers both full-service outsourcing and wet leasing, in which it supplies crew, aircraft, maintenance, and insurance but the client assumes fuel and other costs.

 COMPETITION
Amtran, Inc. (AMTR)
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Express One International, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 264.00
1-Yr. Sales Growth: 0.0%
Employees: 955
Revenue per employee: $276,439.79

 KEY PEOPLE
• Hollis L. Harris
    CEO
• Gilberto M. Duarte
    CFO

 CONTACT INFO
13873 Park Center Rd., Ste. 490
Herndon, VA 20171
US
Phone: 703-834-9200
Fax: 703-904-8833
Online: Web Site

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