World Airways, which filed for Chapter 11 bankruptcy along with parent Global Aviation Holdings in November, operated its last flight on Wednesday, March 26. World Airways was founded in 1948 and operated cargo and passenger charter flights using B747-400 and MD-11 aircraft. The U.S. Military was their primary customer. Global Aviation Holdings and many of its subsidiaries, including World Airways, began restructuring November 12, 2013. World Airways has been in the marketplace for some months seeking funding to help it restructure in chapter 11 bankruptcy, and has been unable to secure that financing. Tuesday World Airways’ first lien holder declared World in
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