In 2006, World Airways became a subsidiary of World Air Holdings, Inc. On April 5, 2007, World Airways returned to its Oakland and Bay Area roots where they were headquartered from 1956 to 1987. It was later acquired by ATA Holdings, which was renamed Global Aero Logistics, in a transaction valued at $315 million. With this, ATA's President, Subodh Karnik became the head of all three certificated airlines autonomous operations, ATA Airlines, North American Airlines, and World Airways. In 2007 GAL moved its operation to the World Airways building in Peachtree City, Georgia. Robert Binns was named Chief Executive Officer of GAL in April 2008 and Charlie McDonald was named president. Larry Montford became COO of World Airways. All three have since left the airline.