Global Aviation Holdings Files Registration for Initial Public OfferingJune 28, 2010
PEACHTREE CITY, Ga. (June 28, 2010) – Global Aviation Holdings, Inc. (Global Aviation), announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Global Aviation expects to use the net proceeds it receives from the offering to pay down certain indebtedness, to expand its combined fleet of aircraft, and for general corporate purposes. The book-running managers of the proposed offering will be Morgan Stanley and Jefferies.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Once available, a preliminary prospectus relating to these securities may be obtained by contacting:
Morgan Stanley & Co. Incorporated
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
Jefferies & Company, Inc.
520 Madison Avenue, 12th Floor, Syndicate Middle Office
New York, NY 10022
Attention: Stephen M. Ficara
About Global Aviation Holdings
Global Aviation Holdings, Inc., based in Peachtree City, Ga., is the parent company of North American Airlines and World Airways. North American Airlines, founded in 1989 and based in Jamaica, N.Y., operates passenger charter flights using B757-200ER and B767-300ER aircraft. World Airways, founded in 1948 and based in Peachtree City, Ga., operates cargo and passenger charter flights using B747-400, MD-11 and DC-10 aircraft.