Dynamic International Airways (Greensboro Piedmont Triad International) has submitted a progress report in its Chapter 11 bankruptcy proceedings, in which it outlines its plans to trim back Guyana flights and change its focus to an ACMI model.
The North-Carolina based carrier entered Chapter 11 protection in July 2017, and has been cutting back services and staff ever since. It suspended its Asian operations in August, after an engine problem precipitated an early to end to the season. Following permitting problems in Ecuador, Dynamic recently cut flights to Guayaquil. Its last remaining scheduled service is New York JFK – Georgetown Cheddi Jagan, which it plans to consolidate from 5x weekly flights down to 1x weekly flight by October 7. After that, Dynamic may consider cutting the route altogether.
In pursuing its new ACMI and charter strategy, Dynamic has secured a contract with Swift Travel Services to operate a regular service between Port au Prince and Santiago de Chile until end-March 2018. A second contract, which is not yet finalised, will see Dynamic flying Miami International – Havana International 7x weekly, and Miami – Santa Clara de Cuba 6x weekly for the duration of 4Q17. The two contracts will utilise four of Dynamic's five aircraft.
Since filing its bankruptcy petition in July, Dynamic has cut its workforce from 192 to 132. However, to accommodate the new ACMI strategy, Dynamic will need to hire an additional eight pilots and twenty-two flight attendants. It has also engaged a new CEO, Ray Lawlor, formerly of Swift Air (United States of America) (Greensboro Piedmont Triad International).
Under its new operating structure, Dynamic says it has made significant inroads into its passenger liability and will fly off the remainder by the end of its Guyana ops.
