FROM THE OFFICE OF PUBLIC AFFAIRS
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April 23, 2003JS-218
Conditionally Approves Application by World Airways, Inc.
WASHINGTON, DC - The Air Transportation Stabilization Board (the Board) today conditionally approved the application by World Airways, Inc. for a $27 million loan guarantee under the Air Transportation Safety and System Stabilization Act and implementing regulations promulgated by the Office of Management and Budget. The Board voted 2:1 with Treasury Under Secretary Peter Fisher dissenting. The Board’s approval is subject to several conditions identified in the Board’s letter to World Airways, Inc., which is attached.
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