FedEx Purchase of Gemini

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01-14-2006 | 08:23 PM

VegasBoy

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From: MD-11 F/O UPS

FedEx Purchase of Gemini

I've been hearing a lot of stirring recently about FedEx acquiring Gemini Air Cargo. Gemini was held by the Carlyle Group but now shows on their web-site (Carlyle's) as realized and sold; however, doesn't mention to whom. Is it just the guys I'm flying with or has anybody else heard the same; and can someone with more business knowledge than me tell me what the SEC filing requirements would be if FedEx bought Gemini, a privately held company?

01-15-2006 | 08:10 AM

Sasquatch

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From: MD-11 slug

I understand that purchasing Gemini is one of the only ways to quickly get some badly needed airframes. Not so sure this will actually happen, but it's a hot rumor fer sher.

01-15-2006 | 06:45 PM

VegasBoy

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From: MD-11 F/O UPS

That's actually the reasoning that makes me think FedEx buying Gemini is reasonable; similar fleet types, and the MD-11's that no one can seem to get their hands on now (thanks Boeing). Gemini acquisition would be an instant 10% increase in ton-mile capacity to Purple's MD-11/10 fleet. But anyhow, has anybody heard anything more than just the rumor mill?

01-15-2006 | 07:03 PM

L'il J.Seinfeld

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From: Brown

What makes you guys think Brown isn't in the process already. We're hearing the same rumors.

01-15-2006 | 07:37 PM

Deuce130

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From: 777 FO

How many pilots does Gemini have? I'm thinking I'd rather have them incorporate into the UPS seniority list than Fedex's! Go big brown.

01-15-2006 | 11:18 PM

Freighter Captain

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From: -400 CAPT

Duece, I wouldn't unless they were stapled at the bottom. You'd be OK with a merged seniority list by Date of Hire? Lots of F/Os wouldn't be too happy with that.

01-16-2006 | 04:26 AM

MD11FO

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Heard this same rumor over 5 years ago at Gemini. If true (doubtful) Wouldn't surprise me to see whoever purchased the company to keep the certifcate seperate.

01-16-2006 | 12:53 PM

FDXFLYR

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From: ANC-Based MD-11 FO

If FDX bought Gemini, it would be a good anti-union tool to keep them separate then use Gemini to haul stuff in case we threaten to walk. Just a thought.