Tag Archives: Boeing 747200F

Is Evergreen International Airlines planning to close its doors on November 30? The company says no but is exploring other options

Evergreen International Airlines (McMinnville, Oregon and Marana, Arizona) despite a public denial by its founder and CEO that the rumors are false, it has been reported in the local Oregon media as planning to lay off 131 employees and ceased operations on November 30. The company recently sold off its helicopter division as we reported as it attempts to reorganize and seek new “strategic alternatives” and partners.

It is unclear if the Evergreen Wings and Waves Waterpark and the Evergreen Aviation and Space Museum would also be affected if any final decision is made.

Read the full report from the The Oregonian: CLICK HERE

The company is privately held and issued this statement:

As has been previously reported in the press, Evergreen’s business has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets. Management has moved to aggressively address these challenges, including through the divestiture of businesses and assets and the significant reduction of secured debt. Evergreen is in discussions with its significant constituencies and is exploring available strategic alternatives with those constituencies. While Evergreen generally does not comment on market rumor or conjecture, rumors that a decision has been made to cease operations at this time are false. Evergreen remains committed to continuing to address the current business environment with its customers.

Delford M. Smith
Chief Executive Officer,
Evergreen International Aviation, Inc.

Copyright Photo: Stefan Sjogren/AirlinersGallery.com. Evergreen International Airlines’ Boeing 747-230F N490EV (msn 24138) touches down in Stockholm (Arlanda).

Evergreen International Airlines: AG Slide Show

Southern Air is moving to Cincinnati, retires its last Boeing 747-200F freighter

Southern Air (2nd) is moving its corporate headquarters from Norwalk, CT to Cincinnati/Northern Kentucky International Airport (CVG) located in Covington, KY as part of its Chapter 11 reorganization. DHL, its largest customer, has a hub at CVG. As we previously reported, Southern Air and its holding company, Southern Air Holdings, Inc., filed for Chapter 11 bankruptcy protection and reorganization on September 28, 2012.

Read the full report from the kypost.com: CLICK HERE

In other news, Southern Air retired its last Boeing 747-200F freighter (N783SA) on January 5, 2013 as reported by ch-aviation.

Copyright Photo: Ton Jochems. Boeing 747-281F N783SA (msn 23919) is pictured on the ramp at Frankfurt prior to the retirement.

Southern Air (2nd) logo-1

Southern Air: AG Slide Show

Southern Air files for Chapter 11 bankruptcy protection and reorganization

Southern Air, Inc. (2nd) and the holding company, Southern Air Holdings, Inc., today (September 28) filed for Chapter 11 bankruptcy protection and reorganization.

The company issued the following statement:

To position the company for future growth and success, Southern Air has been taking steps in response to the economic challenges and extreme industry changes that have impacted the international freight market, including major cutbacks in spending by the U.S. Department of Defense. At the same time, we have been making good progress in transitioning to a modern, fuel-efficient fleet of 777s and 747-400s serving global customers. The next component of our transformation is the restructuring of our corporate debt and other costs associated with our acquisition in 2007. With an improved balance sheet, Southern Air will have a greater capacity to move forward as a global air cargo industry leader on a financially stronger and more competitive foundation for the long term.

In order to implement this financial restructuring, Southern Air Holdings, Inc., including Southern Air Inc., filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on September 28, 2012 with the support of a majority of our key financial stakeholders. We will work with them to finalize, obtain court approval for, and implement a plan of reorganization as quickly as possible.

We have also filed a proposed plan of reorganization that has the support of a majority of our key financial stakeholders and provides for the continuation of our business in the normal course. We are working to complete the debt restructuring as quickly and efficiently as possible.

Southern Air remains open for business as usual, and fully expects to continue normal business operations, fulfilling all customer requirements as scheduled and providing uninterrupted high quality air cargo services.

Copyright Photo: Tony Storck. Boeing 747-2F6B (F) N765SA (msn 21833) lands at Baltimore/Washington.

Southern Air: 

Atlas Air celebrates its 20th Anniversary of its founding

Atlas Air (New York-JFK) yesterday (August 6) celebrated its 20th anniversary of the founding of the cargo company.

According to the company, “Our company’s founder, Michael Chowdry, named “Atlas Air” after a 45-foot statue of the Greek titan Atlas in Rockefeller Center, New York City.”

Atlas Air now has the largest fleet of Boeing 747 freighters and is the only ACMI operator with the next-generation 747-8F.

Financially, the Atlas Air Worldwide Holdings holding group has had 17 consecutive profitable quarters.

Today the company has it headquarters in Purchase, New York with a training center in Miami, sales offices in Latin America, London, Dubai and Hong Kong and operations centers in Anchorage, Houston and numerous locations around the world.

The first revenue flight was operated on February 11, 1993, with a Boeing 747-200 freighter operating for China Airlines (Taipei) from New York (JFK) to Taipei via Anchorage, Alaska.

The company has developed a special 20th Anniversary logo which is likely to be added to the aircraft.

Copyright Photo: Bruce Drum. Boeing 747-228F N809MC (msn 20887) display the original 1992 livery at Miami.

Atlas Air: