-----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, BKhFhPsYkpEc2mL4pXSTe2j+NHs7R67p8qm4b/R7IadO42cP1lHdYfC3ed34rzdC ze/pyJ5sR2xUC6j2Hiywgg== 0000935836-03-000179.txt : 20030502 0000935836-03-000179.hdr.sgml : 20030502 20030502134805 ACCESSION NUMBER: 0000935836-03-000179 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LONESTAR PARTNERS L P CENTRAL INDEX KEY: 0000945682 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 8 GREENWAY PLAZA STREET 2: SUITE 800 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136220321 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48572 FILM NUMBER: 03679093 BUSINESS ADDRESS: STREET 1: 13873 PARK CENTER STE 490 STREET 2: C/O WASHINGTON DULLES INTL AIRPPORT CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: 7038349200 MAIL ADDRESS: STREET 1: 13873 PARK CTR RD STREET 2: STE 490 CITY: HERNDON STATE: VA ZIP: 20171 SC 13G/A 1 world.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)

 

World Airways, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

98142H105

(CUSIP Number)

 

December 31, 2001

(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)

* 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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. 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

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power -0-

6. Shared Voting Power 224,720

7. Sole Dispositive Power -0-

8. Shared Dispositive Power 224,720

9. Aggregate Amount Beneficially Owned by Each Reporting Person 224,720

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 2.0%

12. Type of Reporting Person (See Instructions)

PN

 

 

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. 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 USA

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power -0-

6. Shared Voting Power 224,720

7. Sole Dispositive Power -0-

8. Shared Dispositive Power 224,720

9. Aggregate Amount Beneficially Owned by Each Reporting Person 224,720

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 2.0%

12. Type of Reporting Person (See Instructions)

IA

IN

 

Item 1.

(a) Name of Issuer

World Airways, Inc.

(b) Address of Issuer's Principal Executive Offices

13873 Park Center, Suite 490, Herndon, VA 20171

Item 2.

(a) The names of the persons filing this statement are:

The names of the persons filing this statement are Jerome L. Simon ("Simon") and Lonestar Partners, L.P., a Delaware limited partnership ("Lonestar") (collectively, the "Filers").

The Filers are filing this Schedule jointly, but the Filers disclaim membership in a group with each other and with any other person or entity. The filing of this Schedule 13G on behalf of Lonestar should not be construed as an admission that it is, and Lonestar disclaims that it is, the beneficial owner of any of the Stock covered by this Schedule 13G.

(b) The principal business office of the Filers is located at:

8 E. Greenway Plaza, Suite 800, Houston, TX 77046.

(c) For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

(d) This statement relates to shares of common stock of the Issuer (the "Stock").

(e) The CUSIP number of the Issuer is: 98142H105

Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).

(f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

(g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).

(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

As of December 31, 2001, the shares of Stock reported herein are receivable on conversion of $2,000,000 face amount of Convertible Subordinated Debentures ("Debentures") held in the name of Lonestar. Each $1,000 face amount of Debentures is convertible immediately into 112.36 shares of Stock. Thus, as of December 31, 2001, the Filers had the right to acquire 224,720 shares of Stock immediately.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Simon was, as of December 31, 2001, an investment adviser whose clients had the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. No individual client's holdings of the Stock are more than five percent of the outstanding Stock.

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.

See Item 2(a) of this Schedule.

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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: May 2, 2003

LONESTAR PARTNERS, L.P.

By: Southampton Capital Partners, L.P., General Partner

By: Southampton Capital LLC, General Partner

 

By: /s/ Jerome L. Simon

Jerome L. Simon, Manager

 

 

 

 

 

 

 

/s/ Jerome L. Simon

Jerome L. Simon

 

 

 

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