X0202 4/A 2003-02-13 2003-02-14 0 0000949240 WORLD AIRWAYS INC /DE/ WLDA 0001242166 COWAN JOEL H HLH BUILDINGQ 101 WORLD DRIVE PEACHTREE CITY GA 30269 1 0 0 0 Stock Option Right to Buy 0.84 2003-02-13 4 A 0 10000 0.84 A 2011-02-12 Common Stock 10000 10000 D Options granted under the Amended and Restated World Airways, Inc. 1995 Stock Option Plan become exerciseable in equal monthly installments during the 36 months following the Grant Date. This Amendment is being filed to reflect that these options were granted under the Amended and Restated World Airways, Inc. 1995 Stock Option Plan NOT under the Director?s Stock Option Plan as originally reported. Joel H. Cowan /s/ Mark M. McMillin, Attorney in Fact 2004-12-28