Gemini Air Cargo was an American ACMI (Aircraft, Crew, Maintenance, & Insurance) cargo airline headquartered in Dulles, Virginia, USA. It operated worldwide cargo schedules and charters on a wet-lease basis. Its main bases were Miami International Airport and John F. Kennedy International Airport, New York.

History

The airline was established in December 1995 and started operations on 24 October 1996. It began operations as a freight forwarder, wet-leasing three aircraft from Sun Country Airlines for its first year until it was granted certification for its own aircraft in October 1996. In July 1999 the airline was acquired by William Carlyle. It was owned by the Carlyle Group (56%), Lehman Brothers (36%), management (5%) and Oak Tree Capital (3%). 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 in August 2006. Bayside had pledged to grow Gemini and take advantage of the fast growing cargo market into the next two decades. Gemini again filed for bankruptcy protection in the early summer of 2008. Gemini Air Cargo ceased operations the evening of August 12, 2008.

Fleet

The Gemini Air Cargo fleet, which was exclusively a "Heavy" aircraft fleet, included the following aircraft (at December 2007):

Gemini Air Cargo Fleet

Aircraft	Total	Notes
McDonnell Douglas MD-11F	4
McDonnell Douglas DC-10-30F	7

Bankruptcy

In mid August 2008 Gemini Air Cargo confirmed it was in liquidation. The planes will return to the lessor and all operations have been ceased with immediate effect.

External links

• Gemini Air Cargo

References