Amerijet International (M6, Miami International) has completed a successful financial and operational restructuring which included a USD55 million capital infusion, the return to lessors of six B757-200(PCF)s, modifications to its go-forward obligations on its B767-200(F) and B767-300F fleets, and a non-pilot headcount reduction.

In a statement, the Miami-based cargo specialist said it is now in a stronger position to serve its customers for the long term. Joe Mozzali, Chief Executive Officer, added: “This definitive action will protect our position as the cargo carrier of choice in our markets.”

Amerijet had faced some financial difficulties in the past, among a difficult demand environment for cargo in the region, which forced Amerijet to execute a financial and operational reorganization.

Last year, the airline shut down its freight forwarding business iTN Worldwide. It also laid off 15 employees in July 2023, and reached a new collective bargaining agreement with its pilots, with a 45% increase in wages.

The ch-aviation fleets module shows Amerijet International currently has a fleet of 22 aircraft. It includes six B757-200(PCF)s (of which three have been withdrawn from service), three B767-200(BDSF)s, one B767-300ER(BCF), nine B767-300ER(BDSF)s, and three B767-300Fs. Six planes are currently parked. Moving forward the six B757s will depart from the company.