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Restructuring

On November 12, 2013, Global Aviation Holdings and subsidiaries, including its two operating airlines World Airways and North American Airlines, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for Delaware. During our reorganization, Global Aviation Holdings intends to operate our business and the Company remains committed to safety, compliance and reliable customer service. We intend to use the reorganization process to help implement our plan to lower costs, stabilize our businesses, grow revenue and diversify our product lines. Additional information regarding the reorganization process is available at the tabs to the left.