North American Airlines Extends Leases on Two Boeing 757-200ER Aircraft

JAMAICA, N.Y., Nov. 15 /PRNewswire-FirstCall/ -- North American Airlines, a wholly owned subsidiary of World Air Holdings, Inc. (OTC: WLDA.PK), has extended its leases for two Boeing 757-200ER passenger aircraft, one from ILFC and one from GECAS, until May 2013 and May 2014. The previous leases were scheduled to expire in 2007 and 2008. The aircraft are utilized for North American's charter and scheduled services. The remainder of North American's Boeing 757 fleet is leased into 2012.

North American Airlines is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. Founded in 1989, North American operates a total of five Boeing-757-200ER aircraft and four Boeing 767-300ER aircraft. For information, visit www.flynaa.com.

World Air Holdings has three wholly owned subsidiaries, World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Airways is a charter passenger and cargo airline founded in 1948, North American is a charter and scheduled passenger airline founded in 1989, and World Risk Solutions is an insurance subsidiary established in 2004. For additional information, visit www.worldairholdings.com.