Global Aviation Seeks to Cut Aircraft Citing End of Missions

Business Week - 2/7/2012

Global Aviation Holdings Inc., the biggest charter-flight company for U.S. military troops, plans to reorganize by getting rid of more than half of its aircraft, citing the end of flying missions to Iraq and Afghanistan. Of 30 aircraft leases, the company would like to reject 16 “excess aircraft” to save about $40 million a year. The leases are for aircraft made by General Electric Co., Pratt & Whitney, and Rolls-Royce Holdings Plc, according to papers filed today in U.S. Bankruptcy Court in B

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