Amerijet

Cargo airline Amerijet warns of pilot furloughs amid downsizing

Amerijet International plans to furlough a number of pilots in the near future to shore up cash flow after the loss of major contracts with the U.S. Postal Service and other accounts, according to internal company communications.

The number of pilots to be suspended depends on how many pilots accept offers to work less. The Miami-based cargo airline says it needs to reduce the pilot roster in line with lower customer demand.

“If we do not have enough volunteers or an increase in business, we will...

https://www.freightwaves.com/news/cargo-airline-amerijet-warns-of-pilot-furloughs-amid-downsizing

Amerijet Chief Commercial Officer Eric Wilson abruptly departs

Chief Commercial Officer Eric Wilson has left freighter operator Amerijet International Airlines amid shrinking cargo sales, adding to the turmoil that has engulfed the Miami-based airline for the past year.

Wilson resigned on Friday after three years “to pursue other opportunities,” Christine Richard, senior marketing director, confirmed in an email. But multiple sources familiar with Amerijet’s inner workings say Wilson was dismissed by new CEO Joe Mozzali, who is working hard to stabilize the...

https://www.freightwaves.com/news/amerijet-chief-commercial-officer-eric-wilson-abruptly-departs

Amerijet lost $33M in 12 months, downsizes Atlanta operation

Struggling freighter operator Amerijet International will close its small shipping station in Atlanta at the end of March in the latest attempt to reduce costs amid mounting financial losses driven by a prolonged downturn in freight markets and the end of some key contracts.

The Miami-based cargo airline will shutter the warehouse it operated a few miles from Hartsfield-Jackson Atlanta International Airport and outsource freight transfers to Worldwide Flight Services, a large airport ground...

https://www.freightwaves.com/news/amerijet-lost-33m-in-12-months-downsizes-atlanta-operation

Cargo airline Amerijet in distress sale, terminates 6 aircraft leases

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Amerijet, a midtier cargo airline based in Miami, said Wednesday it is returning six freighters to...

https://www.freightwaves.com/news/cargo-airline-amerijet-in-distress-sale-terminates-6-aircraft-leases

Labor 2023: A lot of noise but few strikes

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For all the hand-wringing about the potential for labor disturbances across multiple modes, the year...

https://www.freightwaves.com/news/labor-2023-a-lot-of-noise-but-few-strikes

Amerijet feels financial pinch as cargo business deteriorates

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Amerijet, racing to reverse the cargo airline’s negative cash flow after the recent firing of CEO...

https://www.freightwaves.com/news/amerijet-feels-financial-pinch-as-cargo-business-deteriorates

Korean Air says Amerijet-Maersk cargo partnership violates trade agreement

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Korean Air has rejected claims by Amerijet that it impeded an application for a foreign carrier...

https://www.freightwaves.com/news/korean-air-says-amerijet-maersk-cargo-partnership-violates-trade-agreement

Amerijet turns tables on Korean Air for opposing commercial permit

Amerijet, a mid-tier cargo airline based in Miami, has asked the U.S. Department of Transportation to withhold approval for a startup operator of business jets owned by Korean Air to fly to U.S. destinations because Korean Air is blocking its request to offer scheduled service in and out of South Korea.

And it threw a grenade into Korean Air’s $1.4 billion merger plan with struggling Asiana Airlines, saying the Department of Justice should consider the airline’s behavior toward Amerijet as part...

https://www.freightwaves.com/news/amerijet-turns-tables-on-korean-air-for-opposing-commercial-permit

Amerijet CEO Strauss calls it quits after rocky 3 years

Tim Strauss’ stormy tenure as CEO of Amerijet International is over after three years. The Miami-based cargo airline on Tuesday said Chief Financial Officer Joe Mozzali will replace Strauss as the company’s top executive, effective Saturday.

Mozzali has only been Amerijet’s CFO for seven months, having arrived from UPS Airlines where he held the same position. Before that, he was at UPS International for nearly three years. During his career at UPS he was also vice president of strategy for UPS...

https://www.freightwaves.com/news/amerijet-ceo-strauss-calls-it-quits-after-rocky-3-years

Amerijet lays off workers as freight recession drags on

Amerijet International on Wednesday terminated more than a dozen employees because of sharply lower revenues associated with a prolonged slump in global air cargo demand that is beginning to materially hurt more freighter operators. 

The move comes on the heels of the company’s pilots on Friday ratifying a new three-year contract that raises their pay up to 45%, increasing expenses for the Miami-based all-cargo carrier at a time of shrinking sales. 

“Over the past several months, our company,...

https://www.freightwaves.com/news/amerijet-lays-off-workers-as-freight-recession-drags-on

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