WORLD AIRWAYS INC /DE/
SC 13G, 2000-09-06
AIR TRANSPORTATION, SCHEDULED
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934



                              WORLD AIRWAYS, INC.
                                  COMMON STOCK
                             CUSIP NUMBER 98142H105


                                AUGUST 17, 2000



     *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).
<PAGE>

CUSIP No.  98142H105


--------------------------------------------------------------------------------
 (1)  Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
      (entities only):

      Hollis L. Harris

--------------------------------------------------------------------------------
 (2)  Check the Appropriate Box if a Member of a Group:


--------------------------------------------------------------------------------
 (3)  SEC Use Only:


--------------------------------------------------------------------------------
 (4)  Citizenship or Place of Organization:          United States


                     -----------------------------------------------------------
Number of Shares     (5)  Sole Voting Power:         369,715

                     -----------------------------------------------------------
Beneficially Owned   (6)  Shared Voting Power        300,000

                     -----------------------------------------------------------
by Each Reporting    (7)  Sole Dispositive Power:    369,715

                     -----------------------------------------------------------
Person With          (8)  Shared Dispositive Power:  300,000

--------------------------------------------------------------------------------
 (9)  Aggregate Amount Beneficially Owned by Each Reporting Person:      669,715


--------------------------------------------------------------------------------
 (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
                                                                         -------

--------------------------------------------------------------------------------
 (11) Percent of Class Represented by Amount in Row 9:                      6.6%
                                                                         -------

--------------------------------------------------------------------------------
 (12) Type of Reporting Person:                                               IN
                                                                         -------

--------------------------------------------------------------------------------
 (14) 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)


                                       2
<PAGE>

CUSIP No.  98142H105


--------------------------------------------------------------------------------
 (1)  Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
      (entities only):

      HLH Corporation (58-2431737)

--------------------------------------------------------------------------------
 (2)  Check the Appropriate Box if a Member of a Group:


--------------------------------------------------------------------------------
 (3)  SEC Use Only:


--------------------------------------------------------------------------------
 (4)  Citizenship or Place of Organization:          United States


                     -----------------------------------------------------------
Number of Shares     (5)  Sole Voting Power:         -0-

                     -----------------------------------------------------------
Beneficially Owned   (6)  Shared Voting Power        300,000

                     -----------------------------------------------------------
by Each Reporting    (7)  Sole Dispositive Power:    -0-

                     -----------------------------------------------------------
Person With          (8)  Shared Dispositive Power:  300,000

--------------------------------------------------------------------------------
 (9)  Aggregate Amount Beneficially Owned by Each Reporting Person:      300,000


--------------------------------------------------------------------------------
 (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
                                                                         -------

--------------------------------------------------------------------------------
 (11) Percent of Class Represented by Amount in Row 9:                      2.9%
                                                                         -------

--------------------------------------------------------------------------------
 (12) Type of Reporting Person:                                               CO
                                                                         -------

--------------------------------------------------------------------------------
 (14) 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)


                                       3
<PAGE>

Item 1.

        Item 1(a) Name of Issuer:         World Airways, Inc.

        Item 1(b) Address of Issuer's Principal Executive offices:

                                          13873 Park Center Road, Suite 490
                                          Herndon, Virginia  20171


Item 2.

        Item 2(a) Name of Person Filing:  Hollis L. Harris and HLH Corporation

        Item 2(b) Address of Principal Business Office or, if none, Residence:

                                          13873 Park Center Road, Suite 490
                                          Herndon, Virginia  20171

        Item 2(c) Citizenship:                   See Cover Page, Item 4

        Item 2(d) Title of Class of Securities:  Common Stock

        Item 2(d) CUSIP No.:                     98142H105


Item 3. Not Applicable.


Item 4. Ownership

           See Cover Page, Items 5-9 and 11.


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

           Not Applicable.


Item 6. Ownership of More than 5 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 or Control
        Person

           See Exhibit 1.

                                       4
<PAGE>

Item 8.  Identification and Classification of Members of the Group

           Not Applicable.

Item 9.  Notice of Dissolution of Group

           Not Applicable.

Item 10. Certifications

         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:     September 1, 2000


/s/ Hollis L. Harris
--------------------
Signature


Name/Title: Hollis L. Harris, individually and as President of HLH Corporation


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