CHOWahoo
Topic Author
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Joined: Sun Apr 09, 2017 2:16 am

Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 12:48 pm

First of many? Link to docket:
https://ecf.flsb.uscourts.gov/cgi-bin/DktRpt.pl?765277
(PACER account required unfortunately)
 
devron
Posts: 344
Joined: Wed Apr 20, 2011 11:56 am

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 1:14 pm

Flew them last year from Nadi to Apai. My biggest worry then was if fijiairways had enough replacements for their 737 max (they didn't and we got stuck in kiribati).

The crash of last year certainly didn't help.
 
blueflyer
Posts: 4258
Joined: Tue Jan 31, 2006 4:17 am

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 1:20 pm

Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.
Corona is God’s punishment for the amoral, principles-free, holier-than-thou Evangelicals. The rest of us are just collateral damage
 
nkops
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 2:28 pm

I am assuming this has not been made public yet since I can't find an article anywhere? I believe they did a lot of sports charters which are non - existent right now.
Turn left heading 080 contact departure
 
CHOWahoo
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Posts: 44
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 2:41 pm

It's public in the sense that they've filed the Chapter 11 petition in a federal bankruptcy court. I would imagine the press will eventually pick up on it.
To my knowledge, they did sports charters and packaged vacation charters, neither of which are viable in the current situation.
Last edited by CHOWahoo on Wed Mar 25, 2020 2:43 pm, edited 1 time in total.
 
MO11
Posts: 1287
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 2:42 pm

blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


Those airplanes were operated by TUI Airlines Belgium.
 
LJ
Posts: 5057
Joined: Wed Nov 17, 1999 8:28 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 3:15 pm

blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


That's nothing special. The 737s which Sunwing leased from Transavia returned as well early. However, they haven't filed for Chapter 11.
 
MIflyer12
Posts: 6869
Joined: Mon Feb 18, 2013 11:58 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 3:38 pm

nkops wrote:
I am assuming this has not been made public yet since I can't find an article anywhere?


The OP gave a link to a court docket - regrettably requiring an account. The court record is as official as it gets.
 
CHOWahoo
Topic Author
Posts: 44
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 3:51 pm

There's very little information on file at this point beyond a list of creditors.
Fill in this information to identify the case:
Debtor name Miami Air International, Inc.
United States Bankruptcy Court for the: SOUTHERN DISTRICT OF FLORIDA
List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders 12/15

DFAS-JAAAA/CO-EBS
COLUMBUS, OH
$252,036.73

KLM ROYAL DUTCH AIRLINES COMPONENT SERVICES-SPL/VP
AMSTERDAM SCHIPHOL A/P
$205,319.46

AIRCRAFT TECHNICAL PROFESSIONALS PROFESSIONAL INC.
PEMBROKE PINES, FL
$163,368.40

THE BOEING COMPANY
DALLAS, TX
$153,183.16

SIGNATURE FLIGHT SUPPORT
ATLANTA, GA
$110,767.57

DELTA AIRLINES
ATLANTA, GA
$91,512.58

MBJ AIRPORTS LIMITED
MONTEGO BAY
$78,887.06

TALON AIR PARTNERS LLC
POMPANO BEACH, FL
$74,059.00

WORLD FUEL SERVICES INC
DORAL, FL
$65,279.69

GLOBAL AIRCRAFT SERVICES INC.
MIAMI, FL
$64,771.60

PHILLIPS-FUEL
$60,644.23

UNITED PARCEL SERVICE CO
LOUISVILLE, KY
$52,198.85

ELITE TEAM LOGISTICS LLC
SEMINOLE, FL
$49,180.00
 
B737MAX
Posts: 13
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 4:01 pm

blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


No. These planes returned to their homebase. Not quite the same.
 
strfyr51
Posts: 4456
Joined: Tue Apr 10, 2012 5:04 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 5:57 pm

B737MAX wrote:
blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


No. These planes returned to their homebase. Not quite the same.

what is the difference? If it's not the same? It's pretty close.
 
midexjet
Posts: 79
Joined: Tue Dec 12, 2000 11:18 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 6:10 pm

strfyr51 wrote:
B737MAX wrote:
blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


No. These planes returned to their homebase. Not quite the same.

what is the difference? If it's not the same? It's pretty close.

NO, it is not.. they returned to home base at the (shortened) end of the charter season, just as they did last year.
 
chrisair
Posts: 2088
Joined: Fri Sep 01, 2000 11:32 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 6:17 pm

devron wrote:
Flew them last year from Nadi to Apai. My biggest worry then was if fijiairways had enough replacements for their 737 max (they didn't and we got stuck in kiribati).


That's a pretty out of the way and very interesting place to get stuck in. Not that there's many other places to get stuck in out there.
 
blueflyer
Posts: 4258
Joined: Tue Jan 31, 2006 4:17 am

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 6:27 pm

midexjet wrote:
strfyr51 wrote:
B737MAX wrote:

No. These planes returned to their homebase. Not quite the same.

what is the difference? If it's not the same? It's pretty close.

NO, it is not.. they returned to home base at the (shortened) end of the charter season, just as they did last year.

Wasn't it an ACMI lease? I guess I should have said aircraft and crew were returned...
TUI can't actually operate domestic flights or flights between the US and points not in the EU under their own name, can they?
Corona is God’s punishment for the amoral, principles-free, holier-than-thou Evangelicals. The rest of us are just collateral damage
 
bennett123
Posts: 9359
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 7:59 pm

https://www.airfleets.net/flottecie/Mia ... b737ng.htm

Apparently all aircraft are leased.

Does that mean that the owners can just take them back?.

I suspect that Tui are relieved that they have theirs's back in Belgium.
 
CHOWahoo
Topic Author
Posts: 44
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 8:30 pm

They're looking to break leases on N733MA, N738MA and N739MA. Unable to load PDF but source is court motion:
"As part of the costs savings measures, the Debtor seeks approval to reject the Aircraft Leases set forth on Exhibit “A” (collectively, the “Rejected Leases”) for the aircraft with United States Registration Numbers N733MA, N738MA and N739MA."
 
SwissCanuck
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 8:49 pm

1.3 million-ish? Am I wrong to think that's a small figure in airline terms?
 
drdisque
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 8:50 pm

Running a charter airline entirely with new and newish leased aircraft never made much sense to me but they were so established that they probably figured they'd be fine.
 
B737MAX
Posts: 13
Joined: Fri Nov 09, 2018 4:11 pm

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 8:54 pm

blueflyer wrote:
midexjet wrote:
strfyr51 wrote:
what is the difference? If it's not the same? It's pretty close.

NO, it is not.. they returned to home base at the (shortened) end of the charter season, just as they did last year.

Wasn't it an ACMI lease? I guess I should have said aircraft and crew were returned...
TUI can't actually operate domestic flights or flights between the US and points not in the EU under their own name, can they?


Oh no, this is something that can only been seen in Europe (I mean - US operators operating under their own brand and stealing jobs in the EU).
 
bennett123
Posts: 9359
Joined: Sun Aug 15, 2004 12:49 am

Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 9:02 pm

Assuming that the Tui aircraft are no longer part of the picture, that leaves the following;

N733MA Avolon RTL (stated above)
N735MA SMBC MIA last flight 21/03/2020
N738MA Aercap RTL (stated above)
N739MA Aercap RTL (stated above)
N749MA ACG Not flown in last 7 days
N758MA Amentum MIA last flown 21/03/2020

Assuming the courts agree, presumably the lease companies get their three planes back, and now try to find new operators.

Do Miami Air continue to pay the lease fees on the others. Is Miami Air still operating flights?.
LF dates from FR24, reg from airfleets.
 
CHOWahoo
Topic Author
Posts: 44
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 9:12 pm

They're operating limited military charters and intend to restructure with the remaining 3 planes as their go-forward fleet.
 
AirWorthy99
Posts: 759
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 9:34 pm

I guess the end of Cuba charter flights has hit them hard. Tour operators competing against the majors who fly regularly to HAV is a tough one, therefore lack of cuba contracts.

Eastern/Swift can be next.
“In my experience eloquent men are right every bit as often as imbeciles.” Tyrion Lannister
 
SpotterBrussels
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 10:55 pm

Hey everyone, it seems there’s one news site that just reported on the Miami Air International bankruptcy. They also summarised the status of the fleet which is pretty interesting. Some of you were speaking about TUI Belgium and how they leased planes to Miami Air - according to this article, they’ve all been returned to Brussels.

https://www.aeronewsx.com/post/miami-ai ... protection
 
Dominion301
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 11:27 pm

LJ wrote:
blueflyer wrote:
Not very surprising indeed.
The aircraft they leased from TUI Belgium for the Northern winter were returned to the lessor over the past couple of days.


That's nothing special. The 737s which Sunwing leased from Transavia returned as well early. However, they haven't filed for Chapter 11.


...and as a Canadian air carrier nor would they. They’d enter the CCAA in Canada. However, I don’t expect them to.
 
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aemoreira1981
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Re: Miami Air seeks Ch 11 bankruptcy protection

Wed Mar 25, 2020 11:59 pm

How are other airlines their biggest debtors, such as KL, DL, and 5X? I can understand fuel, maintenance, and unpaid landing fees, but other airlines?
 
CHOWahoo
Topic Author
Posts: 44
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Re: Miami Air seeks Ch 11 bankruptcy protection

Thu Mar 26, 2020 12:25 am

Those are the unsecured creditors, which would not include the lessors. They're paying ~$200k per month in rent for each of the three leased planes.
 
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usxguy
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Re: Miami Air seeks Ch 11 bankruptcy protection

Thu Mar 26, 2020 12:38 am

handling and maybe parts
xx
 
ctrabs0114
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Re: Miami Air seeks Ch 11 bankruptcy protection

Thu Mar 26, 2020 1:40 am

CHOWahoo wrote:
It's public in the sense that they've filed the Chapter 11 petition in a federal bankruptcy court. I would imagine the press will eventually pick up on it.
To my knowledge, they did sports charters and packaged vacation charters, neither of which are viable in the current situation.


I know Miami Air had at least two, maybe three, NHL charter contracts (New Jersey, Pittsburgh and (possibly) Tampa Bay). In the past, they also had the Miami Heat (NBA) charter contract - the Heat were one of three teams which opted to use private charter companies instead of the NBA's contract with DL. Miami Air also had a couple of NFL contracts (Miami Dolphins and Pittsburgh Steelers), but lost both (Dolphins to Atlas, Steelers to DL/AA) along with several college/NCAA charter contracts/bids.
2019: DAL, MCI, PHX, LAS, DFW, SAT, ORD, SLC, SEA, DTW, PHL, MIA, LAX; B73G (WN x3), B738 (WN, AA, DL), A20N (NK), MD83 (AA), B788 (AA x2), CS1 (DL), B739 (DL), B712 (DL), B752 (AA), B763 (AA), B77W (AA), B789 (AA)
Next: TBA
 
Rebersole
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Re: Miami Air seeks Ch 11 bankruptcy protection

Thu Mar 26, 2020 2:23 am

This is a long time coming. They have been operating below a sustainable number of block hours/month for years. The lawsuits following the accident in Jacksonville are starting to pile up. Following the accident the impending sale of the airline was halted. It’s sad indeed as Miami Air has been the gold-standard for narrow-body aircraft charters for a generation.

Their customers are tempted away by lower prices and come begging back. They fly wherever the news is...war, sports, disasters, politics, celebrity.

I genuinly hope they can reorganize for the sake of their wonderful employees and (usually) lucky passengers.
 
dstblj52
Posts: 270
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Re: Miami Air seeks Ch 11 bankruptcy protection

Thu Mar 26, 2020 4:23 am

aemoreira1981 wrote:
How are other airlines their biggest debtors, such as KL, DL, and 5X? I can understand fuel, maintenance, and unpaid landing fees, but other airlines?

Klm component services was likely doing the reinspection and any repairs needed at the end of each season Delta was likely parts/repairs/ground handling

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