Miami Air International on May 8, 2020 decided to cease all operations. All employees were informed by CEO Kurt Kamrad that the bankrupt company seeking reorganization was unable to find an interested partner or a viable plan to become successful again during the COVID-19 crisis and the downturn in air travel, especially sports charters.
As a result, the company changed their Chapter 11 reorganization to liquidation of its assets.
History of Miami Air:
In August 1990 a group of 15 airline industry veterans, headed by George Lyall and Ross Fischer, launched Miami Air. The team set out with modest intentions for the carrier to operate two aircraft around the Caribbean for vacations, but the airline has expanded with service across the globe and a premier product line that is customizable for virtually any private group.
George Lyall who had a long career at Eastern Air Lines and Pan Am World Airways was Chairman and Ross Fischer who had run System Operations at People Express and Eastern Airlines was President. Miami Air International was established in August 1990 and started operations in October 1991 using two Boeing 727-200 aircraft.
By 2000, the fleet had grown to 8 Boeing 727 aircraft and revenues in excess of $100 million. That year, a consortium led by Eagle Global Logistics purchased a majority stake in the company. The fleet was refreshed with new Boeing 737-800s, as the 727s were slated for conversion to cargo aircraft, operating under the Quest International name. The events of September 11, 2001 drove changes in the industry, resulting in significant decline in cargo demand, and the company’s exit from cargo service.
At the same time, there was a significant increase in demand from the military business, enabling The Company’s passenger business to thrive, as it also grew in a number of customer segments. In 2005, TSI Holding Company, already one of the company owners, bought the remaining shares of the company.
Today, Miami Air International with its fleet of Boeing 737-800s remains a leader in what is known as “ad hoc charter.” The broad base of customers includes sport teams, corporate incentive groups, the entertainment industry, and various governments and agencies. The company is also the carrier of choice for cruise lines, tour operators, schools, and community organizations. Its Boeing 737-800s are configured with 68 First Class seats, 168 luxury-coach seats, or any combination seating. Its operations are worldwide covering every continent except Antarctica and it lands at more airfields annually than any other US carrier.
Miami Air aircraft photo gallery: