View Full Version : Centurion acquiring Tradewinds???
Sleeping Freight Dog
10th Oct 2008, 21:57
Rumors are circulating out of Miami that Centurion Air Cargo has
purchased the assets of Tradewinds out of Chapter 11.
Whether or not this means that Centurion is going to operate B74Fs
on their own, I don't know, but I guess they now have access to Asia?
This has been in the works for some time.
Centurion just signed up with Atlas for a bunch of flights.
Heilhaavir
11th Oct 2008, 02:11
No rumor at all, and the certificates will remain separate, at least for now. You might see a couple Classics come down to MIA in a few months, to fly for CAC but as Skylease 1 dba Tradewinds...
<<SKY LEASE 1, FL, an affiliate of CENTURION AIR CARGO, Miami, purchased the operating assets of bankrupt TRADEWINDS AIRLINES, NC (six A300Fs) for $1.77m cash and assumed liabilities in deal arranged by Bilzin Sumberg Baena Price & Axelrod.>>
TowerDog
11th Oct 2008, 10:38
Not much assets left from Tradewinds.
A few clapped out A-300s perhaps.
There is talk of getting a couple of 747 classics and with oil at $78.00 per barrel it may work for a few weeks...:sad:
A few "select" hard working crew members may be called back.
Centurion's payscale is even worse than Tradewinds's.
Pretty bleak picture, but good luck to those who are willing to step up to the plate. :(
Sleeping Freight Dog
11th Oct 2008, 16:58
Does this mean that Centurion is now providing the lift for the FEDEX
Caribbean network????
dumbdumb
11th Oct 2008, 20:11
What do you mean by they just signed up with Atlas for a bunch of flights?
layinlow
12th Oct 2008, 16:56
Fed Ex wouldn't go near them with a 10 ft. pol. Reliability and customer satisfaction is the Fed Ex watchword. Centurion and Tradewinds has neither, however I really do hope they make it. I have a lot of good friends at Tradewinds and I would hate to see them on the street.
Kalitta now owns one of Tradewind's 747s and Atlas one of the others, possibly due to unpaid maintenance bills. So I think it is probably A300s.
Intruder
13th Oct 2008, 03:21
2 of Tradewinds' 747s were leased to them by Atlas. Atlas got them back when they stopped paying.