World Air Holdings has accepted for purchase 2,222,222 common shares at a price of USD9.20 per share. These shares represent approximately 9% of the shares outstanding as of 1 September 2006.

The depositary has advised World Air Holdings that the final proration factor was approximately 78%. Any "odd lot" shares of common stock properly tendered at or below a purchase price of USD9.20 pershare and not withdrawn were not subject to proration.

With completion of the tender offer World Air Holdings will have approximately 22m shares of common stock outstanding.

The dealer manager for the tender offer is Scott & Stringfellow Inc and the depositary is Continental Stock Transfer & Trust Company, which also acts as transfer agent for the company's common stock.

World Air Holdings has three wholly owned subsidiaries, World Airways Inc, North American Airlines Inc and World Risk Solutions Ltd.

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