Arrow Cargo looking at B75F's

[Sleeping Freight Dog]

Looks like Arrow Cargo is advertising for B757 crews. I wonder where
they will source the aircraft from when, 1) They have virtually no money,
2)FEDEX is scouring the world looking for suitable 757 frames to convert.
Would be nice to them in with new aircraft, but reality seems to say that
FO's will still be employed there for awhile.

[Sleeping Freight Dog]

Climbto350.com does indeed show Arrow looking for B757 crews.
Unconfirmed rumors listed on A.net also show MD-11s coming to
Arrow as well. Where did this unannounced supply of cash come
from? Last I heard, the financial situation was so bad that last
rites were about to be given. Anybody have any comments,
opinions?

[layinlow]

I don't know how many times I have heard that Arrow is on its last legs. they are and outfit that seems to keep plugging along and never goes away. As for the 757's and MD-11's, the previous post is correct. Fed Ex is scouring the world for 757's and paying top dollar for them too. There is a saying There isn't a MD-11 that Fed Ex doesn't like, and they are keeping the eyes open for more.
As to the post by trash; Fed Ex announced today that their revenues are down from projected but the lackluster performance in the U.S. is being surpassed by the overseas aquisitions and markets.
Trash is correct in the interpretation of the future of cargo. I think the industry is heading for a shakeout. Right or worng the U.S. is still the market engine and this sort of thing happened in the early 70's when oil shot through the roof (I'm old enough to remember it). Only the strong and those willing to adapt survived.

[myannacone]

Definetly happening, 4 757's are enroute to Arrow, they have a new investor with good ties and already have the airplanes. Should be airborne by late june!!!!! Yes rumor has it MD11's are a part of the new money peoples arsenal.

[eurocontrol]

probably the Varig Logic fleet then
EC

[Saturn]

How would one apply as a pilot to Arrow.

[potrozo]

4-757s,10 MD-11s,14-777F,and 2-380s but is going to take few days cause W.C. is counting the money and the profit from Arrow Panama is helping to pay for all this A/C keep in mind that Mr. Zap. is also involve 2 of the most HONEST Gents. in the Aviation Industry so should not be any problems to acomplish this big operation before the end of the Year 2097.

[Saturn]

E-mail and phone numbers???

[10driver]

MatlinPatterson Global Opportunities Partners III Acquires Controlling Interest in Arrow Air Holdings Corporation
http://www.examiner.com/img/tools/print.gif (http://www.examiner.com/printa-189635~MatlinPatterson_Global_Opportunities_Partners_III_Acq uires_Controlling_Interest_in_Arrow_Air_Holdings_Corporation .html?cid=tool-print-top)http://www.examiner.com/img/tools/email.gif (http://www.examiner.com/ArticleEmail.cfm?articleID=189635&cid=tool-email-top)
|Distributed by Press Release

MIAMI and NEW YORK, June 30 /PRNewswire/ -- Arrow Air Holdings Corporation, the parent company of Arrow Air, Inc., and MatlinPatterson Global Advisers today announced that MatlinPatterson Global Opportunities Partners III, through MP Arrow III, LLC, has acquired an 85% interest in Arrow Air Holdings. Financial terms of the transaction were not disclosed.
Arrow, which provides comprehensive cargo logistics services under the name Arrow Cargo, is the largest U.S. registered air cargo carrier based at Miami International Airport. The Company provides scheduled air cargo logistics services to and from, and between the United States, Central and South America, and the Caribbean. Arrow operates nine cargo aircraft and serves more than 3,500 customers worldwide.
James J. Pinto, a continuing Director on the Arrow Air Holdings Board, said, "We are delighted to have the support of MatlinPatterson, a strong financial and operational partner. Our continued interest in the company as minority investors underscores our confidence that Arrow Cargo is well-positioned for further growth and success."


"Arrow is a strong competitor in the air cargo industry and a highly complementary addition to our portfolio," said Lap Chan, Managing Partner of MatlinPatterson. "We intend to modernize and expand Arrow's existing fleet by introducing B757's in late 2008 and A330's in early 2010 to facilitate the company's continued growth and improve the company's profitability."
About Arrow Cargo
Arrow Cargo is the largest U.S. certificated (Part 121) all cargo air carrier operating out of Miami International Airport. Arrow Cargo currently operates a fleet of seven DC-10 series aircraft and two DC-8 series aircraft. Arrow Cargo expects to grow its fleet of DC-10 aircraft to nine by the end of the year and replace its DC-8 fleet with four B757 freighters. The first B757 is expected to join Arrow Cargo's fleet in the late summer.
About MatlinPatterson
MatlinPatterson is a $9 billion global private equity franchise. Over a 14-year period, the firm and its investment professionals have successfully invested across a broad range of industries in over 25 countries and have led the restructuring of and made substantial investments in more than 65 companies. MatlinPatterson has a strong record of working with management teams to further their strategic plans.
http://www.examiner.com/img/prnewswire.gif

[TowerDog]

Why hire off the street 757 drivers?
Don't you guys have a seniority list? (And a union)

[BigToe]

Yes please answer what towerdog asks?

[10driver]

I think they needed some guys with 75 experience for awhile, possibly with a one year contract, never getting any seniority. Come to think of it though...what do other airlines do, when they get a new type of airplane??

[layinlow]

If Arrow wants 757's they will be in competition with Fed Ex who has already started buying what is to be a total of 80. Guess who has deeper pockets?