Largest Commercial Carrier for U.S. Military Declares Bankruptcy | Aviation International News

Largest Commercial Carrier for U.S. Military Declares Bankruptcy

World Airways is one of two subsidiary airlines of Global Aviation Holdings, the largest commercial provider of air transportation to the U.S. military. Global Aviation filed for Chapter 11 bankruptcy protection on February 5. (Photo: Global Aviation Holdings)

February 10, 2012

Global Aviation Holdings, the largest commercial provider of charter lift to the U.S. military, filed for Chapter 11 bankruptcy reorganization February 5 in New York. The company cited reduced rates paid by the military, the end of the war in Iraq, the drawdown of troops in Afghanistan and decreased demand for commercial cargo services as driving its decision to seek relief from creditors.

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