Air Courier

                              EMPLOYMENT AGREEMENT

      This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and KENNETH M. FRALICK ("Fralick") is
entered into this 3RD day of JANUARY 2003.

      WHEREAS, Fralick is currently serving as World's Vice-President for Cargo
Sales.

      WHEREAS, the parties wish to modify and memorialize the terms and
conditions of Fralick's employment.

      NOW, THEREFORE, World and Fralick, in consideration of the foregoing and
other mutual covenants and promises  . . .

                              EMPLOYMENT AGREEMENT

      This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and ROBERT R. BINNS ("Binns") is entered
into this 26TH day of APRIL 2004.

      WHEREAS, BINNS has agreed to serve as World's SENIOR VICE PRESIDENT
MARKETING AND PLANNING as of APRIL 26, 2004.

      NOW, THEREFORE, World and BINNS, in consideration of the foregoing and
other mutual covenants and promises contained herein, the sufficiency of which
are hereby acknowledged, hereby agree as  . . .

                              EMPLOYMENT AGREEMENT

      This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and CHARLES P. MCDONALD ("McDonald") is
entered into this 3RD day of MAY 2004.

      WHEREAS, MCDONALD has agreed to serve as World's SENIOR VICE PRESIDENT
OPERATIONS as of MAY 3, 2004.

      NOW, THEREFORE, World and MCDONALD, in consideration of the foregoing and
other mutual covenants and promises contained herein, the sufficiency of which
are hereby acknowledged, hereby agree as  . . .

                              EMPLOYMENT AGREEMENT

         This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and Jeffrey L. MacKinney ("MacKinney") is
entered into this 22nd day of August 2003.

         WHEREAS, MacKinney has agreed to serve as World's Senior Vice President
Planning and Corporate Development as of August 16, 2003.

         NOW, THEREFORE, World and MacKinney, in consideration of the foregoing
and other mutual covenants and promises contained herein, the sufficiency of
which are  . . .

                              EMPLOYMENT AGREEMENT

     This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and Charles H. J. Addison ("Addison") is
entered into this 1st of June 2002.

     WHEREAS, Addison has agreed to continue to serve as World's Executive Vice
President Operations as of June 1, 2002.

     NOW, THEREFORE, World and Addison, in consideration of the foregoing and
other mutual covenants and promises contained herein, the sufficiency of which
are hereby acknowledged, hereby agree as  . . .

                              EMPLOYMENT AGREEMENT

         This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and John E. Ellington ("Ellington") is
entered into this 1st of June 2002.

         WHEREAS, Ellington has agreed to continue to serve as World's President
and Chief Operating Officer as of June 1, 2002.

         NOW, THEREFORE, World and Ellington, in consideration of the foregoing
and other mutual covenants and promises contained herein, the sufficiency of
which are hereby acknowledged,  . . .

                              EMPLOYMENT AGREEMENT

         This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and Charles H. J. Addison ("Addison") is
entered into this 1st of June 2002.

         WHEREAS, Addison has agreed to continue to serve as World's Executive
Vice President Operations as of June 1, 2002.

         NOW, THEREFORE, World and Addison, in consideration of the foregoing
and other mutual covenants and promises contained herein, the sufficiency of
which are hereby acknowledged,  . . .

                              EMPLOYMENT AGREEMENT

         This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and John E. Ellington ("Ellington") is
entered into this 1st of June 2002.

         WHEREAS, Ellington has agreed to continue to serve as World's President
and Chief Operating Officer as of June 1, 2002.

         NOW, THEREFORE, World and Ellington, in consideration of the foregoing
and other mutual covenants and promises contained herein, the sufficiency of
which are hereby acknowledged,  . . .

                              EMPLOYMENT AGREEMENT

     This Employment Agreement between World Airways, Inc., a Delaware
corporation ("World" or the "Company") and Cindy M. Swinson ("Swinson") is
entered into this 16/th/ day of January, 2002.

     WHEREAS, Swinson has agreed to continue to serve as World's General Counsel
and Corporate Secretary as of January 16, 2002.

     NOW, THEREFORE, World and Swinson, in consideration of the foregoing and
other mutual covenants and promises contained herein, the sufficiency of which
are hereby acknowledged,  . . .

                              EMPLOYMENT AGREEMENT


            This Employment Agreement (hereinafter referred to as the
"Agreement") is made and entered into as of the 1st day of February, 2003, by
and between Wakelee Smith (hereinafter referred to as "Employee") and Atlas Air
Worldwide Holdings, Inc., a Delaware corporation (hereinafter referred to as
"Atlas" or the "Company").

            WHEREAS, Atlas believes that it is in the best interests of Atlas to
retain the services of the Employee and the Employee desires an affiliation  . . .

                              EMPLOYMENT AGREEMENT

            This Employment Agreement (hereinafter referred to as the
"Agreement") is made and entered into as of the 1st day of May, 2003 by and
between Ronald A. Lane (hereinafter referred to as "Employee") and Atlas Air
Worldwide Holdings, Inc., a, Delaware corporation (hereinafter referred to as
"Atlas" or the "Company").

            WHEREAS, Atlas believes that it is in the best interests of Atlas to
retain the services of the Employee and the Employee desires an affiliation with
Atlas,  . . .

EMPLOYMENT AGREEMENT

     This Agreement is made as of May 3 , 2005, between AIRNET SYSTEMS, INC., (the �Company�) and GARY W. QUALMANN (the �Employee�), who hereby agree as follows:

     1. EMPLOYMENT OF EMPLOYEE. The Company hereby employs Employee and Employee hereby accepts employment by the Company, under the terms and subject to the conditions contained in this Agreement. The Company hereby employs Employee as its Chief Financial Officer.

     2. TERM OF EMPLOYMENT. Employee has been employed by  . . .

EMPLOYMENT AGREEMENT

     This Agreement is made as of May 3 , 2005, between AIRNET SYSTEMS, INC., (the �Company�) and LARRY M. GLASSCOCK, JR. (the �Employee�), who hereby agree as follows:

     1. EMPLOYMENT OF EMPLOYEE. The Company hereby employs Employee and Employee hereby accepts employment by the Company, under the terms and subject to the conditions contained in this Agreement. The Company hereby employs Employee as its Senior Vice President, Express Services.

     2. TERM OF EMPLOYMENT. Employee  . . .

                              EMPLOYMENT AGREEMENT


      This Agreement is made as of January 1, 2001, between AIRNET SYSTEMS,
INC., (the "Company") and JOEL BIGGERSTAFF (the "Employee"), who hereby agree as
follows:

      1.  EMPLOYMENT OF EMPLOYEE.  The Company hereby employs Employee and
Employee hereby accepts employment by the Company, under the terms and
subject to the conditions contained in this Agreement. The Company hereby
employs Employee as its President and Chief Executive Officer.

      2.  TERM OF EMPLOYMENT.  Employee has been employed by the  . . .

                              EMPLOYMENT AGREEMENT


      This Agreement is made as of January 1, 2001, between AIRNET SYSTEMS,
INC., (the "Company") and WILLIAM R. SUMSER (the "Employee"), who hereby
agree as follows:

      1.  EMPLOYMENT OF EMPLOYEE.  The Company hereby employs Employee and
Employee hereby accepts employment by the Company, under the terms and
subject to the conditions contained in this Agreement. The Company hereby
employs Employee as its Vice President, Finance, Chief Financial Officer and
Secretary.

      2.  TERM OF EMPLOYMENT.   . . .

                              EMPLOYMENT AGREEMENT


      This Agreement is made as of January 1, 2001, between AIRNET SYSTEMS,
INC., (the "Company") and JEFFREY B. HARRIS (the "Employee"), who hereby
agree as follows:

      1.  EMPLOYMENT OF EMPLOYEE.  The Company hereby employs Employee and
Employee hereby accepts employment by the Company, under the terms and
subject to the conditions contained in this Agreement. The Company hereby
employs Employee as its Vice President, Bank Sales.

      2.  TERM OF EMPLOYMENT.  Employee has been employed by the  . . .

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                            WORLD AIR HOLDINGS, INC.
                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT (the "Agreement") to be effective as of this 17th day of
April, 2006 (the "Effective Date"), between World Air Holdings, Inc. (the
"Company"), and Michael W. Towe (the "Executive").

                                   WITNESSETH:

     WHEREAS, the Company has offered the Executive the position of Chief
Financial Officer, and the Executive has accepted the offer letter by  . . .

NORTH AMERICAN AIRLINES, INC.
EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the �Agreement�) effective as of the 11^th day of May, 2006 (the �Effective Date�), between NORTH AMERICAN AIRLINES, INC. (the �Company�) and JEFFREY W. WEHRENBERG (the �Executive�).

WITNESSETH:

WHEREAS, the Company is a wholly owned subsidiary of WORLD AIR HOLDINGS, INC. (hereinafter �HOLDINGS�); and

WHEREAS, the Company has offered the Executive the position of Chief Operating Officer, and the Executive has accepted, and both parties desire to memorialize the terms and conditions of employment.

NOW,  . . .

RELEASE AGREEMENT PURSUANT TO
EMPLOYMENT AGREEMENT

This Agreement (this �Agreement�) is made this 28th day of June, 2006, by WORLD AIR HOLDINGS, INC. (the �Employer�) and Gilberto M. Duarte, Jr. (the �Employee�).

Introduction

WHEREAS, Employee and the Employer entered into a Second Amended and Restated Employment Agreement dated May 6, 2004 (the �Employment Agreement�); and

WHEREAS, the parties agree that it is in their mutual best interest to end our employment relationship effective as of June 8, 2006 (the �Termination Date�).

NOW, THEREFORE, the parties agree as follows:  . . .

EMPLOYMENT AGREEMENT

     This Employment Agreement (hereinafter referred to as the "Agreement") is made and entered into as of the 21st day of April, 2006 by and between William Flynn (hereinafter referred to as "Employee") and Atlas Air, Inc., a Delaware corporation (hereinafter referred to as "Atlas")

      WHEREAS, Atlas believes that it is in the best interests of Atlas to retain the services of the Employee and the Employee desires an affiliation with Atlas, on the terms and subject to the conditions set forth in this Agreement; and  . . .