MY LATEST MAGAZINE ARTICLE!

My latest magazine article is out in Borders and Barnes & Nobles Bookstores right now in the United States. Look for us in the United Kingdom and Internationally within the week! My interview is on Page 12 with Sibodh Karnik, CEO of Global Aero Logistics. Subodh is an amazing man and I thoroughly enjoyed our Georgia interview!

(Photo Credit GAL)

Triumphant Tripartite

by Michael Manning

While there is much talk about the coming wave of ‘mega-mergers’ in the USA, three smaller airlines have already been snapped up by one company, Global Aero Logistics (GAL). Formerly known as New ATA Holdings, the owner of ATA Airlines, in August 2007 GAL acquired World Air Holdings. Matlin Patterson Global Opportunities Partners II, the owners of GAL, paid $315 million in cash for World Air Holdings, parent company of World Airways that had itself acquired North American Airlines two years earlier. Overnight, the three separate airlines have transformed GAL into a $1.6 billion holding company (as measured by annual revenues) with 4,500 employees and a combined fleet of 60 aircraft. The heads of ATA Airlines, North American Airlines, and World Airways report to GAL Chairman Subodh Karnik, who spoke to Airways about his vision for the company.