Press Release
For Immediate Release
ARROW AIR TO CEASE SCHEDULED SERVICE OPERATIONS
MIAMI – June 30, 2010
– Arrow Air Holdings Corp. (“Arrow”) today announced the Company
will cease scheduled service operations, effective immediately. Arrow issued the following
statement:
“Like many companies in our industry, Arrow Air has experienced significant operating
losses as a result of increasing operating costs and declining revenues. The decision to
wind down the Company’s schedule service operations was a difficult one. This decision
was not made lightly, and was a last resort after the Company exhaustively searched for
other options including financing or a sale of the business. Arrow is now focused on
helping to smooth the transition for the Company’s hard working, dedicated employees
as well as its customers, suppliers and other stakeholders.”
About Arrow Air Holdings Corp.
Arrow Air Holdings Corp., operating under the trade name Arrow Cargo, is a U.S. certificated
all cargo air carrier operating out of Miami International Airport.
Contact:
Andi Salas
212-355-4449