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  <TITLE> World Air Holdings, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 11, 2006
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  	World Air Holdings, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Georgia
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  	000-26582
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  	20-2121036
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	HLH Building, 101 World Drive, Peachtree City, Georgia
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  	30269
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	770-632-8322
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On May 11, 2006, North American Airlines, Inc., a Delaware corporation ("North American") and a wholly-owned subsidiary of World Air Holdings, Inc., a Delaware corporation (the "Registrant"), entered into an Employment Agreement (the "Employment Agreement") with Jeffrey W. Wehrenberg ("Mr. Wehrenberg" or the "Employee").<br><br>Pursuant to the terms of the Employment Agreement, the Employee will serve as Chief Operating Officer of North American until May 11, 2009.  The Employee's initial base salary is set at $190,000 per year (the "Base Salary").  In addition to the Base Salary, the Employee will be paid $45,000 per annum as supplemental compensation for residing in the New York metropolitan area for the first year of the Employment Agreement subject thereafter to the review and adjustment by the Board of Directors of Registrant in its sole and absolute discretion for subsequent years.  Mr. Wehrenberg is also entitled to participate in the Registrant's current and future equity compensation programs.<br><br>The Employment Agreement may be immediately terminated upon the occurrence of any of the following events:  (a) death of the Employee; (b) the Employee's disability which continues for a ninety (90) consecutive day period or for an aggregate of one hundred eighty (180) days during any three hundred sixty-five (365) day period; (c) termination of Employee by North American for "cause" (as that term is defined in the Employment Agreement); (d) termination of Employee by North American without cause; or (e) termination by Employee for "good reason" (as that term is defined in the Employment Agreement).<br><br>If the Employee is terminated for cause, the Employee will not be entitled to any compensation or other benefits of employment from and after the effective date of the termination.  If the Employee is terminated for reasons other than cause, the Employee will be paid an amount equal to his Base Salary in effect at the time of the termination, the Employee will be reimbursed for the cost of obtaining COBRA health continuation coverage, the Employee shall be entitled to receive any deferred salary and any unvested stock options or restricted stock grants held by him shall become fully vested.<br><br>The above description of the Employment Agreement is a summary of the material terms of the Employment Agreement and does not purport to be complete.  The description is qualified in its entirety by reference to the full text of the Employment Agreement, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	World Air Holdings, Inc.
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  <I>
  	May 16, 2006
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  	By:
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  <I>
  	/s/ Mark M. McMillin
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  <I>
  	Name: Mark M. McMillin
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  	Title: General Counsel & Corporate Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.1
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  	&nbsp;
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  Employment Agreement
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_12484.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12048}]
metadata_filer: {"company-data": {"conformed-name": "WORLD AIR HOLDINGS, INC.", "cik": "0000949240", "assigned-sic": "4522", "irs-number": "202121036", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26582", "film-number": "06845443"}, "business-address": {"street1": "THE HLH BUILDING", "street2": "101 WORLD DRIVE", "city": "PEACHTREE CITY", "state": "GA", "zip": "30269", "phone": "7706328000"}, "mail-address": {"street1": "THE HLH BUILDING", "street2": "101 WORLD DRIVE", "city": "PEACHTREE CITY", "state": "GA", "zip": "30269"}, "former-company": {"former-conformed-name": "WORLD AIRWAYS INC /DE/", "date-changed": "19950908"}}
text: World Air Holdings, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 11, 2006
  World Air Holdings, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Georgia
  000-26582
  20-2121036
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  HLH Building, 101 World Drive, Peachtree City, Georgia
  30269
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  770-632-8322
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On May 11, 2006, North American Airlines, Inc., a Delaware corporation ("North American") and a wholly-owned subsidiary of World Air Holdings, Inc., a Delaware corporation (the "Registrant"), entered into an Employment Agreement (the "Employment Agreement") with Jeffrey W. Wehrenberg ("Mr. Wehrenberg" or the "Employee").
  Pursuant to the terms of the Employment Agreement, the Employee will serve as Chief Operating Officer of North American until May 11, 2009.  The Employee's initial base salary is set at $190,000 per year (the "Base Salary").  In addition to the Base Salary, the Employee will be paid $45,000 per annum as supplemental compensation for residing in the New York metropolitan area for the first year of the Employment Agreement subject thereafter to the review and adjustment by the Board of Directors of Registrant in its sole and absolute discretion for subsequent years.  Mr. Wehrenberg is also entitled to participate in the Registrant's current and future equity compensation programs.
  The Employment Agreement may be immediately terminated upon the occurrence of any of the following events:  (a) death of the Employee; (b) the Employee's disability which continues for a ninety (90) consecutive day period or for an aggregate of one hundred eighty (180) days during any three hundred sixty-five (365) day period; (c) termination of Employee by North American for "cause" (as that term is defined in the Employment Agreement); (d) termination of Employee by North American without cause; or (e) termination by Employee for "good reason" (as that term is defined in the Employment Agreement).
  If the Employee is terminated for cause, the Employee will not be entitled to any compensation or other benefits of employment from and after the effective date of the termination.  If the Employee is terminated for reasons other than cause, the Employee will be paid an amount equal to his Base Salary in effect at the time of the termination, the Employee will be reimbursed for the cost of obtaining COBRA health continuation coverage, the Employee shall be entitled to receive any deferred salary and any unvested stock options or restricted stock grants held by him shall become fully vested.
  The above description of the Employment Agreement is a summary of the material terms of the Employment Agreement and does not purport to be complete.  The description is qualified in its entirety by reference to the full text of the Employment Agreement, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  World Air Holdings, Inc.
  May 16, 2006
  By:
  /s/ Mark M. McMillin
  Name: Mark M. McMillin
  Title: General Counsel & Corporate Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Employment Agreement