World Airways parent files for bankruptcy protection - again

© Khunaspix Dreamstime.

Oh dear. They seem to be dropping like flies. Hot on the heels of the announcement that Evergreen Intl Airlines will cease to exist from the end of the month, comes the news that Global Aviation Holdings, parent of World Airways and North American Airlines, has filed for Chapter 11 bankruptcy protection ? a state it only emerged from in February. As US military spending continues to drop, it begs the question ? who is next?