World Air Holdings to Lease Additional Boeing 767-300ER for North American Airlines

Company Also Extends Lease on One Boeing 757-200ER 


PEACHTREE CITY, Ga., Dec. 19  /PRNewswire-FirstCall/ -- World Air Holdings, Inc. (NASDAQ:WLDAE), parent company of World Airways and North American Airlines, has signed a letter of intent to lease an additional Boeing 767- 300ER passenger aircraft for delivery to North American in December 2006. The initial lease will be for three years.

The high-density, high gross-weight aircraft will be North American's fifth Boeing 767, and will increase North American's fleet total to 10 aircraft. As previously announced, the airline will receive its fourth Boeing 767 in March 2006.

World Air Holdings also signed a two-year extension for a Boeing 757-200ER lease that was scheduled to expire in May 2006, continuing the lease for North American until May 2008.

World Air Holdings has three wholly owned subsidiaries, World Airways, Inc., North American Airlines, Inc., and World Risk Solutions, Ltd. World Airways is a charter passenger and cargo airline founded in 1948, North American is a charter and scheduled passenger airline founded in 1989, and World Risk Solutions is an insurance subsidiary established in 2004.  For additional information, visit http://www.worldairholdings.com/

["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:  This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request).  These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.] 

DATASOURCE: World Air Holdings, Inc.



CONTACT:  MEDIA, Steve Forsyth, [phone], or INVESTORS, Janice

Kuntz, [phone], both of World Air Holdings, Inc.



Web site:  http://www.worldairholdings.com/ 

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