Back to Squawk list
  • 22

Apollo-led investors acquire cargo airline Atlas Air for $5.2B

Submitted
After rumors all week, Atlas Air confirmed a sale to a powerful private equity group that sees air cargo as a winner in the next couple decades. (www.freightwaves.com) More...

Sort type: [Top] [Newest]


bidrec
Richard Haas 0
Apollo took over Sun Country and fired the ground crew employees and replaced them with a contractor who subsequently withdrew. Delta then flew in ground crew positive space from regional airports to help Sun Country out, which I though was odd.
droodle25
Andrew Persson 1
I have been working there for over two years.they never flew people in. I got hired on and I got put in the big room because the company that they contracted their terms didn’t end till April. They flew A couple people in from Chicago to help in the bedroom that’s all.
bidrec
Richard Haas 1
This was four years ago: "The deal was Global Aviation's biggest contract yet, but the company's U.S. operations are mostly in Florida and apparently it had trouble hiring enough people here. Things got so bad that Sun Country CEO Jude Bricker, who joined the company last year, asked headquarters employees to volunteer at ticket counters or pick up trash to help keep operations moving.

Global Aviation said it terminated the contract three weeks ago."
ekulisch
Eric Kulisch 1
Interesting
divingfe
Mike Jaureguy 4
Shark smelled blood and is now starting to feed
bidrec
Richard Haas 1
I assume that with the Russia-Ukraine conflict there is no more cabotage, i.e., flying GE engines from Cincinnati to Spokane on foreign flagged aircraft.
ekulisch
Eric Kulisch 1
True, Russian cargo carrier used by Boeing in the past is out of service in U.S, most of world. So, yes, that is no longer happening due to sanctions.

Login

Don't have an account? Register now (free) for customized features, flight alerts, and more!
This website uses cookies. By using and further navigating this website, you accept this.
Dismiss
Did you know that FlightAware flight tracking is supported by advertising?
You can help us keep FlightAware free by allowing ads from FlightAware.com. We work hard to keep our advertising relevant and unobtrusive to create a great experience. It's quick and easy to whitelist ads on FlightAware or please consider our premium accounts.
Dismiss