Gemini Air Cargo was an American ACMI (Aircraft, Crew, Maintenance, & Insurance) cargo airline headquartered in Dulles, Virginia, United States. It operated worldwide cargo schedules and charters on a wet-lease basis.
The airline was established in December 1995 by William Stockbridge, with financial backing from Lehman Brothers and Green Tree Capital. It began operations as an ACMI (Aircraft, Crews, Maintenance, Insurance) using DC-10-30F aircraft which were obtained from Lufthansa and converted to cargo configuration by Aeronavali in Venice. Prior to obtaining its own FAR Part 121 certificate, Gemini operated with crews from Sun Country Airlines under Sun Country's certificate for several months before certification in October 1996.
In July 1999 the airline was acquired by the Carlyle Group. In August 2006 the airline emerged from bankruptcy reorganization in a debt restructuring involving a DIP (debtor in position) and exchange of debt for equity with Bayside Capital. Bayside had pledged to grow Gemini and take advantage of the fast-growing cargo market into the next two decades.
Gemini Air Cargo ceased operations the evening of August 12, 2008, and the airline later confirmed that month it was in liquidation.[2]
As of December 2008, Gemini Air Cargo was purchased by Gemini Worldwide Holdings LLC with plans to start a new cargo/passenger service as Gemini Worldwide Airways. Operations have not started as of mid 2015.
Destinationsedit
Gemini Air Cargo operated the following scheduled flights (as of January 2005):
gemini, cargo, confused, with, gemini, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scho. Not to be confused with Air Gemini This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Gemini Air Cargo news newspapers books scholar JSTOR June 2012 Learn how and when to remove this template message Gemini Air Cargo was an American ACMI Aircraft Crew Maintenance amp Insurance cargo airline headquartered in Dulles Virginia United States It operated worldwide cargo schedules and charters on a wet lease basis Gemini Air CargoIATA ICAO Callsign GR GCO GEMINIFoundedDecember 1995Ceased operationsAugust 12 2008HubsMiami International AirportJohn F Kennedy International AirportFleet size15Destinations16HeadquartersDulles Virginia United StatesKey peopleSam Woodward Chairman President amp C E O Ahmad R Zamany Senior Vice President C O O WebsiteOfficial website Its main bases were Miami International Airport and John F Kennedy International Airport New York 1 Contents 1 History 2 Destinations 2 1 National 2 2 International 3 Fleet 4 See also 5 References 6 External linksHistory edit nbsp Gemini Air Cargo McDonnell Douglas MD 11F 2007 The airline was established in December 1995 by William Stockbridge with financial backing from Lehman Brothers and Green Tree Capital It began operations as an ACMI Aircraft Crews Maintenance Insurance using DC 10 30F aircraft which were obtained from Lufthansa and converted to cargo configuration by Aeronavali in Venice Prior to obtaining its own FAR Part 121 certificate Gemini operated with crews from Sun Country Airlines under Sun Country s certificate for several months before certification in October 1996 In July 1999 the airline was acquired by the Carlyle Group In August 2006 the airline emerged from bankruptcy reorganization in a debt restructuring involving a DIP debtor in position and exchange of debt for equity with Bayside Capital Bayside had pledged to grow Gemini and take advantage of the fast growing cargo market into the next two decades However in the early summer of 2008 Gemini filed again for bankruptcy protection The reasons were to be found in the sudden oil price increase that hit hard the thirsty McDonnell Douglas DC 10 30F fleet and the economic crisis of 2008 Gemini Air Cargo ceased operations the evening of August 12 2008 and the airline later confirmed that month it was in liquidation 2 As of December 2008 Gemini Air Cargo was purchased by Gemini Worldwide Holdings LLC with plans to start a new cargo passenger service as Gemini Worldwide Airways Operations have not started as of mid 2015 Destinations editGemini Air Cargo operated the following scheduled flights as of January 2005 National edit Anchorage Cincinnati Columbus Los Angeles Miami and New York City International edit Brussels Frankfurt am Main Guayaquil Hong Kong Medellin Nottingham Quito Sapporo Seoul and TaipeiFleet edit nbsp Gemini Air Cargo McDonnell Douglas DC 10 30F The Gemini Air Cargo fleet consisted of 3 12 McDonnell Douglas DC 10 30F 4 McDonnell Douglas MD 11FSee also editList of defunct airlines of the United StatesReferences edit Directory World Airlines Flight International 2007 04 03 p 86 Gemini liquidated 2008 8 17 on Aircargo News 17 August 2008 Gemini Air Cargo Fleet Planespotters Retrieved 2 August 2019 External links edit nbsp Wikimedia Commons has media related to Gemini Air Cargo Official website Portals nbsp United States nbsp Companies nbsp Aviation nbsp This article relating to a United States airline is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Gemini Air Cargo amp oldid 1215987751, wikipedia, wiki, book, books, library,
