Posted by Courtney E. Howard
PEACHTREE CITY, Ga., 5 Nov. 2011. Officials at World Airways Inc. and North American Airlines Inc., subsidiaries of Global Aviation Holdings Inc. and organizing members of the Alliance Team, have entered into an agreement with American Airlines Inc. and US Airways Inc. The airlines agree to commit eligible aircraft to the Civil Reserve Air Fleet (CRAF) program, in exchange for which the Alliance Team receives entitlement to operate military charters, under the fiscal year 2013 charter airlift services contract from the U.S. Transportation Command (USTRANSCOM), which also has an expected option year for fiscal 2014.
Rob Binns, chairman and CEO of Global Aviation Holdings, celebrates the renewed long-term commitment of American Airlines and US Airways to the Alliance Team. "Global has been operating military charters for nearly 60 years, and we are able to maximize the value of network carriers' commitments to the Civil Reserve Air Fleet," he says.
The fiscal year 2013 CRAF contract is planned for fiscal years 2013 and 2014, consisting of a 12-month base period plus one option year. The Alliance Team is in discussions to further grow its team with other key CRAF program participant airlines for the fiscal year 2013 CRAF contract.
In 2010, Global Aviation Holdings earned more than $954 million in revenues from military charters, the most of any air carrier group.
