Start-up plans World Airways revival with 787s, ULCC model

Serial start-up airline executive Ed Wegel has announced plans to re-launch former widebody freighter operator World Airways as a long-haul passenger carrying airline flying Boeing 787s using an ultra-low-cost model. US-based investment firm 777 Partners acquired the intellectual property of World Airways, named Wegel as founding CE of the re-launched carrier and disclosed ongoing discussions with Boeing to order up to 10 787s. 777 Partners and Wegel are attempting to revive an airline that once operated as a rival to Pan Am Airways in international, long-haul operations. But World converted to mostly freighter and charter operations after the 1980s, flying Boeing MD-11s and 747s. The carrier ceased operations in 2014 after a 66-year run. <br/>
FlightGlobal
https://www.flightglobal.com/news/articles/start-up-plans-world-airways-revival-with-787s-ulcc-443013/
11/8/17