World Library  
Flag as Inappropriate
Email this Article

Gemini Air Cargo

Article Id: WHEBN0003055621
Reproduction Date:

Title: Gemini Air Cargo  
Author: World Heritage Encyclopedia
Language: English
Subject: Defunct companies based in Virginia, GR, Zamboanga International Airport, List of McDonnell Douglas MD-11 operators, Gemini
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Gemini Air Cargo

Gemini Air Cargo
IATA ICAO Callsign
GR GCO GEMINI
Founded 1995
Ceased operations 2008
Hubs Miami International Airport
John F. Kennedy International Airport
Fleet size 4 MD-11Fs, and 9 DC-10-30Fs
Destinations US and Europe
Headquarters Dulles, Virginia, USA
Key people Sam Woodward - Chairman, President, & C.E.O.
Ahmad R. Zamany - Senior Vice President, C.O.O.
Website Official website
Gemini Air Cargo McDonnell Douglas MD-11F, 2007

Gemini Air Cargo was an American ACMI (Aircraft, Crew, Maintenance, & Insurance) cargo airline headquartered in Dulles, Virginia, USA. It operated worldwide cargo schedules and charters on a wet-lease basis.

Its main bases were Miami International Airport and John F. Kennedy International Airport, New York.[1]

Contents

  • History 1
  • Fleet 2
  • References 3
  • External links 4

History

The airline was established in December 1995 by William Stockbridge, with financial backing from Lehman Brothers and Green Tree Capital. It began operations as an ACMI (Aircraft, Crews, Maintenance, Insurance) using DC-10-30F aircraft which were obtained from Lufthansa and converted to cargo configuration by Aeronavali in Venice. Prior to obtaining its own FAR Part 121 certificate, Gemini operated with crews from Sun Country Airlines under Sun Country's certificate for several months before certification in October 1996.

In July 1999 the airline was acquired by the Carlyle Group. In August 2006 the airline emerged from bankruptcy reorganization in a debt restructuring involving a DIP (debtor in position) and exchange of debt for equity with Bayside Capital. Bayside had pledged to grow Gemini and take advantage of the fast-growing cargo market into the next two decades.

But in the early summer of 2008 Gemini filed again for bankruptcy protection. The reasons were to be found in the sudden oil price increase that hit hard the thirsty McDonnell Douglas DC-10-30F fleet and the economic crisis of 2008.

Gemini Air Cargo ceased operations the evening of August 12, 2008 and the airline later confirmed that month it was in liquidation.

As of December 2008, Gemini Air Cargo was purchased by Gemini Worldwide Holdings LLC with plans to start a new cargo/passenger service as Gemini Worldwide Airways. Operations have not started as of mid 2015.

Fleet

The Gemini Air Cargo fleet consisted of the McDonnell Douglas MD-11F and the McDonnell Douglas DC-10-30F

References

  1. ^

External links

  • Official website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.