Page "North American Airlines" Paragraph 25
Announced on February 19, 2008, North American Airlines planned on discontinuing all scheduled service in May 2008 in favor of concentrating on charter operations.
According to a news release on northamericanair. com, " What makes NAA's scheduled service operations untenable is the rising cost of fuel, with jet fuel costs increasing 60 percent since 2005.
This was a difficult decision, especially in light of the continuing support we have received from the governments and the traveling public in these markets.
NAA's modern Boeing 757 / 767 fleet is in high demand and NAA will redeploy these aircraft profitably in the charter market ".