23.09.2020 - 12:26 UTC
The US Department of Transportation (DOT) has authorised the transfer of Miami Air International's certificate of public convenience and necessity to a new Delaware-based airline incorporated under the same name.
The new firm was established by Tomas Romero, the owner of Caribbean Sun Airlines, Inc., doing business as World Atlantic Airlines (WL, Miami Int'l), who acquired the "old" Miami Air International during a bankruptcy auction for USD3.3 million. The US Bankruptcy Court approved the acquisition on May 29, 2020.
The DOT found that the proposed management of "new" Miami Air comprises a mix of executives from the bankrupt airline and executives of World Atlantic Airlines. It established that they hold sufficient managerial skills and technical ability to run the newly certified airline. Romero said he was willing to invest up to USD4.5 million of his private funds into the airline until it is profitable.
Miami Air plans to restart as a charter specialist using a single B737-800, growing to six "large aircraft" by the end of its first year of operations.
Vice-President...
02.07.2020 - 22:13 UTC
Miami Air International (LL, Miami Int'l) is looking to restart under the same brand and a similar strategy after being acquired by Tomas Romero, the owner of Caribbean Sun Airlines, Inc. d/b/a World Atlantic Airlines (WL, Miami Int'l), during a recent bankruptcy auction.
The original Florida-based bankrupt firm and the newly-founded Miami Air International, LLC, incorporated in Delaware, jointly applied to the US Department of Transportation for a transfer of all certificates of public convenience and necessity for interstate and foreign charter air transportation issued to the former.
The companies said that Romero acquired Miami Air after it had filed for bankruptcy on March 24, 2020. In the application, they underlined that the "new" Miami Air would operate with the same aircraft type and employ the same key personnel as the bankrupt firm, as well as some new experienced employees.
"Miami Air’s fleet will consist of readily-available, leased Boeing B737 aircraft available on favourable terms, and the new carrier proposes to operate a fleet of up to six such aircraft by...
11.05.2020 - 10:38 UTC
Miami Air International (LL, Miami Int'l) is set to be liquidated after failing to secure the renewed investment needed to refloat the debt-stricken Florida-based ACMI/charter operator.
Miami Air filed for Chapter 11 bankruptcy protection in March this year amid a hunt for new investment. However, President and Chief Executive Kurt Kamrad said in a communique to staff on Friday, May 8, that despite a "great deal of effort" over the past several weeks, including discussions with numerous transaction partners, no rescue financing had been secured.
"As many of you heard in today's [May 8] court hearing, ...Miami Air, unfortunately, has not received a viable proposal to acquire the assets of Miami Air, or to fund its operations going forward," he said. "Therefore, today will be the last day of employment for all Miami Air employees."
With no prospect of resuming operations, Miami Air now goes into Chapter 7 liquidation wherein its total assets will be disposed of and proceeds distributed to creditors which include the Defense Finance and Accounting Service (DFAS), KLM Royal Dutch...
13.01.2020 - 18:38 UTC
Miami Air International (LL, Miami Int'l) has filed a motion with the US Department of Transportation (DOT) opposing an emergency exemption that would allow Nolinor Aviation (N5, Montréal Trudeau) to carry out relief flights to Puerto Rico.
The Canadian operator has been transporting emergency personnel and humanitarian aid to Puerto Rico in the aftermath of a January 7 earthquake, under a contract awarded by the US Federal Emergency Management Agency (FEMA). On January 8, the airline applied to the DOT for emergency exemption from cabotage (ninth freedom) restrictions given the fact that flights between the mainland US and Puerto Rico, a US territory, are considered domestic operations.
Nolinor Aviation was tentatively awarded the contract through January 15, 2020. It used three B737-200(M)s, C-GNLN (msn 23050), C-GNLK (msn 20836), and C-GNLW (msn 23130), to operate from Norfolk Int'l, VA to San Juan Luis Muñoz Marin, Flightradar24 ADS-B data shows.
"Grant of this application is in the public interest and necessary to avoid an unusual hardship. Grant of this application is...
