-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AMFGKtTSzzopCQKmcxyMpNjhR1qNgHsQyP/i6MiEYnjC9OEmklBtjMzEcdhwbLiI 4L/6bW5Xlyh1DeUOFh9p+A== 0000945682-04-000002.txt : 20040109 0000945682-04-000002.hdr.sgml : 20040109 20040109130515 ACCESSION NUMBER: 0000945682-04-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040109 GROUP MEMBERS: JEROME L. SIMON GROUP MEMBERS: LONESTAR CAPITAL MANAGEMENT LLC GROUP MEMBERS: LONESTAR PARTNERS, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LONESTAR PARTNERS L P CENTRAL INDEX KEY: 0000945682 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 11TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4153627677 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WORLD AIRWAYS INC /DE/ CENTRAL INDEX KEY: 0000949240 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 941358276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48572 FILM NUMBER: 04517256 BUSINESS ADDRESS: STREET 1: THE HLH BUILDING STREET 2: 101 WORLD DRIVE CITY: PEACHTREE CITY STATE: GA ZIP: 30269 BUSINESS PHONE: 7706328000 MAIL ADDRESS: STREET 1: THE HLH BUILDING STREET 2: 101 WORLD DRIVE CITY: PEACHTREE CITY STATE: GA ZIP: 30269 SC 13G 1 worldair13g.txt -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response......11 -------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Section 240.13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO SECTIONS 240.13d-1(b), (c) and(d) AND AMENDMENTS THERETO FILED PURSUANT TO SECTION 240.13d-2 (Amendment No. ___________)1 World Airways, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 98142H105 - -------------------------------------------------------------------------------- (CUSIP Number) December 30, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ X ] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on following pages) Page 1 of 10 Pages Exhibit Index Found on Page 9 - ------------------------------------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 13G =================== CUSIP No. 98142H105 =================== - ------------==================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Lonestar Partners, L.P. - ------------==================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ] - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------==================================================================== 5 SOLE VOTING POWER NUMBER OF -0- ----------------=========================================== SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,081,133 ----------------=========================================== EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH ----------------=========================================== 8 SHARED DISPOSITIVE POWER 1,081,133 - ------------==================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,081,133 - ------------==================================================================== 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% - ------------==================================================================== 12 TYPE OF REPORTING PERSON (See Instructions) PN - ------------==================================================================== Page 2 of 10 Pages 13G =================== CUSIP No. 98142H105 =================== - ------------==================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Lonestar Capital Management LLC - ------------==================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ] - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------==================================================================== 5 SOLE VOTING POWER NUMBER OF -0- ----------------=========================================== SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,081,133 ----------------=========================================== EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH ----------------=========================================== 8 SHARED DISPOSITIVE POWER 1,081,133 - ------------==================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,081,133 - ------------==================================================================== 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% - ------------==================================================================== 12 TYPE OF REPORTING PERSON (See Instructions) IA, OO - ------------==================================================================== Page 3 of 10 Pages 13G =================== CUSIP No. 98142H105 =================== - ------------==================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jerome L. Simon - ------------==================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ] - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------==================================================================== 5 SOLE VOTING POWER NUMBER OF -0- ----------------=========================================== SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,081,133 ----------------=========================================== EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH ----------------=========================================== 8 SHARED DISPOSITIVE POWER 1,081,133 - ------------==================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,081,133 - ------------==================================================================== 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% - ------------==================================================================== 12 TYPE OF REPORTING PERSON (See Instructions) IN, HC - ------------==================================================================== Page 4 of 10 Pages Item 1. Issuer ------ (a) Name of Issuer: -------------- World Airways, Inc. (the "Company") (b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- The HLH Building, 101 World Drive, Peachtree City, GA 30269 Item 2. Identity And Background ----------------------- Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e)) ----------------------------------------------------------------- This statement relates to shares of Common Stock (the "Shares") of the Company. The CUSIP number of the shares is 98142H105. Name Of Persons Filing, Address Of Principal Business Office And ----------------------------------------------------------------------- Citizenship (Item 2(a), (b) and (c)) ------------------------------------ This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons." (i) Lonestar Partners, L.P. ----------------------- Lonestar Partners, L.P., a Delaware limited partnership ("Lonestar"), with respect to the Shares held by it. (ii) Lonestar Capital Management LLC ------------------------------- Lonestar Capital Management LLC, a Delaware limited liability company ("LCM"), the investment adviser to and general partner of Lonestar, with respect to the Shares held by Lonestar. (iii) Jerome L. Simon --------------- Jerome L. Simon ("Simon"), the manager and sole member of LCM, with respect to the Shares held by Lonestar. The citizenship of each of Lonestar and LCM is set forth above. Simon is a United States citizen. The address of the principal business and principal office of the Reporting Persons is One Maritime Plaza, 11th Floor, San Francisco, California 94111. Page 5 of 10 Pages Item 3. If This Statement Is Filed Pursuant To Sections 240.13d-1(b) or ----------------------------------------------------------------------- 240.13d-2(b) or (c), Check Whether The Person Filing Is An Entity ----------------------------------------------------------------------- Specified in (a) - (j): ----------------------- Not Applicable. If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This ----------------------------------------------------------------------- Box. [ X ] --- Item 4. Ownership --------- (a) The 1,081,133 Shares beneficially owned by the Reporting Persons include: (i) 994,375 Shares issuable to Lonestar upon conversion of $3,182,000 principal amount of 8% Convertible Senior Subordinated Debentures due 2009 (the "2009 Debentures") issued pursuant to that certain indenture, dated as of December 30, 2003 (the "2009 Indenture"), between the Company and Wachovia Bank, National Association. A conversion rate of $3.20 principal amount per Share was used for the above calculation (the initial conversion price set forth in the 2009 Indenture). (ii) 33,258 Shares issuable to Lonestar upon conversion of $296,000 principal amount of 8% Convertible Senior Subordinated Debentures due 2004 (the "2004 Debentures") issued pursuant to that certain indenture, dated as of August 1, 1997 (the "2004 Indenture"), between the Company and First Union National Bank. A conversion rate of $8.90 principal amount per Share was used for the above calculation (the initial conversion price set forth in the 2004 Indenture). (iii) 53,500 Shares held directly by Lonestar. (b) Percent of class: 8.7%, calculated based on 12,425,631 Shares outstanding, which number is calculated by adding (i) 11,397,998 (the number of Shares outstanding as of October 31, 2003, as reported on the Company's most recent quarterly report filed on Form 10-Q), (ii) 994,375 (the number of Shares issuable to Lonestar upon conversion of $3,182,000 principal amount of the 2009 Debentures) and (iii) 33,258 (the number of Shares issuable to Lonestar upon conversion of $296,000 principal amount of the 2004 Debentures). A conversion rate of $3.20 principal amount per Share was used for the calculation in clause (ii) above (the initial conversion price set forth in the 2009 Indenture). A conversion rate of $8.90 principal amount per Share was used for the calculation in clause (iii) above (the initial conversion price set forth in the 2004 Indenture). The information required by Items 4(a) - (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person hereto is incorporated herein by reference for each such Reporting Person. Page 6 of 10 Pages The Shares reported hereby for Lonestar are owned directly by Lonestar. LCM, as general partner and investment adviser to Lonestar, may be deemed to be the beneficial owner of all such Shares owned by Lonestar. Simon, as the manager and sole member of LCM, may be deemed to be the beneficial owner of all such Shares held by Lonestar. Each of LCM and Simon hereby disclaims any beneficial ownership of any such Shares. Item 5. Ownership Of Five Percent Or Less Of A Class -------------------------------------------- Not Applicable. Item 6. Ownership Of More Than Five Percent On Behalf Of Another Person --------------------------------------------------------------- Not Applicable. Item 7. Identification And Classification Of The Subsidiary Which Acquired The ----------------------------------------------------------------------- Security Being Reported On By The Parent Holding Company -------------------------------------------------------- Not Applicable. Item 8. Identification And Classification Of Members Of The Group --------------------------------------------------------- The Reporting Persons are filing this Schedule 13G pursuant to Rule 13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person above, the Reporting Persons neither disclaim nor affirm the existence of a group among them. Item 9. Notice Of Dissolution Of Group ------------------------------ Not Applicable. Item 10. Certification ------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 7 of 10 Pages SIGNATURES ---------- After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 9, 2004 LONESTAR PARTNERS, L.P. LONESTAR CAPITAL MANAGEMENT LLC By: Lonestar Capital Management LLC, By: /s/ Jerome L. Simon its General Partner ------------------------------- Name: Jerome L. Simon By: /s/ Jerome L. Simon Title: Manager ------------------------------- Name: Jerome L. Simon /s/ Jerome L. Simon Title: Manager ------------------------- Jerome L. Simon Page 8 of 10 Pages EXHIBIT INDEX EXHIBIT 1 Joint Acquisition Statement Pursuant to Section 240.13d1(k) Page 9 of 10 Pages EXHIBIT 1 to SCHEDULE 13G JOINT ACQUISITION STATEMENT PURSUANT TO SECTION 240.13D-(f)(1) ---------------------------------- The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Dated: January 9, 2004 LONESTAR PARTNERS, L.P. LONESTAR CAPITAL MANAGEMENT LLC By: Lonestar Capital Management LLC, By: /s/ Jerome L. Simon its General Partner ------------------------------- Name: Jerome L. Simon By: /s/ Jerome L. Simon Title: Manager ------------------------------- Name: Jerome L. Simon /s/ Jerome L. Simon Title: Manager ------------------------- Jerome L. Simon Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----