Arrow Air Cargo
 

What is the latest on Arrow Air. There is some rumor here in South Florida that they are about to close the doors, or perhaps merge with Centurion cargo

no the last thing or news was, that centurion pull out the bid, waiting for arrow to close and buy it for less money.

TC

What happened to the plans of getting the A330F? Or did I dream that up?

The 330's were purchased by Matlin Patterson the hedge fund that "owns" Arrow - they also did own ATA - and still own North American and World -

If Centurion is not bidding they'd be closing doors soon and the 330's will either head to NAA or World or their options will be sold to the highest bidder. Welcome to world of airlines owned by hedge funds.

Word on the street is that Centurion bought them finally today,they (Arrow) will operate as is for a few months then tranfer some pilots and all asets to Tradewinds then close Arrow for good by Oct. Also according to the van driver helper Florida West is next on the crosshair scope, this he says because of some meeting between Alfonso Ray and Maloney in Santiago Chile.

Any updates? What's the current status for Arrow?