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Gemini Air Cargo-CH 11

Thu Mar 16, 2006 2:32 pm

Another bankruptcy filing
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RE: Gemini Air Cargo-CH 11

Thu Mar 16, 2006 4:07 pm

Didn't hear about this until now. Kind of surprising considering that the freight carriers seem to be the ones making the money these days. Thank you for the information.
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RE: Gemini Air Cargo-CH 11

Thu Mar 16, 2006 6:09 pm

Certainly a surprise. I never figured GR to be an airline in need of a Chapter 11 restructuring. I wish them the best and hope they don't go under.
Sometimes the only thing more dangerous than a question is an answer. - Ferengi Rule of Acquisition 208
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RE: Gemini Air Cargo-CH 11

Thu Mar 16, 2006 6:25 pm

Prepackaged bankruptcy -- they hope to be in and out quickly, with no disruptions whatsoever. Of course, that's what everyone hopes and it doesn't always work that way. We'll see.
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RE: Gemini Air Cargo-CH 11

Thu Mar 16, 2006 7:17 pm

The lack of news or hints from Gemini is a result of the company being privately held and not being required to file public SEC documents.

I know Gemini has lost a significant amount of flying it used to do from Miami formerly having several DC-10s based there. In addition funnily enough I did see some required DOT reports last year and remember thinking Gemini pays quite a premium for its MD-11 leases which predate 9/11, compared to others in the industry.
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RE: Gemini Air Cargo-CH 11

Thu Mar 16, 2006 7:49 pm

Wasn't UPS looking at buying them not to long ago?

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