Originally Posted by
CE750
Your point 1 is far off base... with the exception of AMR, WN, AirTran, B6, Fedex and UPS, I can't think of any airline that didn't got thru Ch11, and all of them had their hands out for uncle sam to send money and guarantees their way. Gemini was actually turned down for loan guarantees due to it's size being too small at the time. And for ACMI as well, with Atlas having a BK.. fact is the Ch11 that Gemini went thru would have occurred no matter who was at the helm as world cargo volume took a nose dive for 3 years from 2001-2004. the year 2005-6 so far for Gemini have been among the best its' had since it started in 1996, and the capital behind the company (Bayside Captial) is poised to grow, grow, grow.. so look out.
I have to take Sponge's side on this one. I know it's been tough years and I believe Gemini is a proven company. But right after 911 when all the ACMI carriers were flying there asses off, Gemini parked a couple of airplanes. Than they underbid some military contract flying that had them operating in the red for years. In 2005 there were new start-ups and expansion everywhere, Gemini's files BK. They now have ALPA and I know things will improve on both sides of the fence, but they've made mistakes.
I'm not saying there is anything wrong with Gemini, just don't pretend the sun shines out of there &*(%^ either.