Global Aviation Holdings, the parent company of World Airways and North American Airlines currently restructuring under Chapter 11 protection, says it is trying to negotiate a “global arrangement” with International Lease Financing Corp. (ILFC).

Global Aviation disclosed the negotiations in a bankruptcy court filing seeking approval to enter into a new lease with ILFC on an MD-11 passenger aircraft that Global previously planned to return to the lessor. The airline has since decided that it has a critical business need for the aircraft in “the very near term.”

“A formal court order will give all parties comfort that the debtors can enter into new leasing arrangements on an interim basis and continue operating Aircraft N273WA while the debtors and ILFC negotiate a global arrangement to meet the debtors’ more comprehensive leasing needs,” Global says in its June 18 filing with the U.S. Bankruptcy Court for the Eastern District of New York.