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Tradewinds Cargo Grounds 747s, Furloughs Crews  
User currently offlineLAXintl From United States of America, joined May 2000, 25059 posts, RR: 46
Posted (6 years 2 months 2 weeks 3 days 6 hours ago) and read 3477 times:

Tradewinds Airlines Cargo on Friday grounded its 747 fleet, and furloughed associated members. The 4 active aircraft are being returned to owners.

Tradewinds intends to continue its A300 service with primarily focus serving Puerto Rico.

This is the 2nd US B747 freighter operator to exit the market, with Focus Air having stopped flying in January. Suppose it says something about the economics of the 747 classic in todays fuel environment.

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From the desert to the sea, to all of Southern California
4 replies: All unread, jump to last
 
User currently offlineDALCA From Netherlands, joined Aug 2006, 518 posts, RR: 0
Reply 1, posted (6 years 2 months 2 weeks 3 days 6 hours ago) and read 3441 times:

Wow, that's big news I think. I always thought they were pretty solid with the markets they fly.

Good point about the B742F, the current fuel prices are putting airlines operating these aircraft in a difficult situation.



Zanair flight, please hold on finals as we have to clear rhino's off the runway. Next flight: AMS-FRA-AMS
User currently offlineLAXintl From United States of America, joined May 2000, 25059 posts, RR: 46
Reply 2, posted (6 years 2 months 1 week 3 days 6 hours ago) and read 2896 times:

Seems like there were all types of interesting behind the scenes deals going on with Tradewinds.

Now two Detroit employee pension funds seems to be out $30mil for having attempting to buy an ownership stake in Tradewinds.

Quote:
Pension venture turns sour

DETROIT -- Two city employee pension funds may be out as much as $30 million in loans that helped a member of Mayor Kwame Kilpatrick's legal defense fund buy a freight airline company.

A mayoral appointee on the pension boards -- city Treasurer Jeff Beasley, a former fraternity brother of Kilpatrick's -- late last year proposed the investment in Donald Watkins' purchase of TradeWinds Airlines. At the time, a pension board researcher called the venture "very risky," in a report.

"We lost $30 million in a month," said George Orzech, a pension trustee and Detroit Fire Department captain who voted against the deal.

http://detnews.com/apps/pbcs.dll/article?AID=/20080607/METRO/806070336



From the desert to the sea, to all of Southern California
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Reply 3, posted (6 years 2 months 1 week 1 day 16 hours ago) and read 2546 times:

Has there been any official statement/press release from Tradewinds on either of the events (747s, Detroit pension)?

User currently offlineLAXintl From United States of America, joined May 2000, 25059 posts, RR: 46
Reply 4, posted (6 years 2 months 1 week 4 hours ago) and read 2214 times:

No but if you go to the Tradewinds web site, you can see they have removed references to the 747 in their fleet, and the online schedule no longer list any of the 747 flying, only the Caribbean A300 stuff.


From the desert to the sea, to all of Southern California
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