Arrow Cargo (3rd) (Miami) may be forced to shut down according to this published report in the South Florida Business Journal.
The company has notified the state of Florida that it may be forced to cease all operations and lay off all of its 473 employees at its MIA headquarters. Employees were notified of the possibility on April 9.
Arrow is still talking to a number of possible investors including Centurion Air Cargo (Miami) according to Air Cargo News. If successful Centurion could acquire Arrow’s fleet of McDonnell Douglas DC-10 and Boeing 757-200 freighters.
Read the full report: