World Air Holdings, Inc. operates as the holding company for World Airways, Inc.; North American Airlines, Inc.; and World Risk Solutions, Ltd. World Airways, Inc., a charter passenger and cargo airline company, provides long range passenger and cargo charter, and wet-lease air transportation services to the U.S. Government, international passenger and cargo air carriers, tour operators, international freight forwarders, and cruise ship companies. As of December 31, 2005, its operating fleet consisted of 17 aircraft, of which 10 are passenger aircraft and 7 are freighter aircraft. North American Airlines, Inc. operates as a charter passenger airline company offering passenger charter and...