Arrow Air to Emerge
from Bankruptcy

Reprint permission

A federal bankruptcy judge in Miami cleared Arrow Air to emerge from bankruptcy June 10 by approving the Miami-based all-cargo airline's reorganization plan.

Arrow Air filed for Chapter 11 bankruptcy protection Jan. 28 and has been sold twice this year to different investment groups, most recently to Arrow Air II of New York.

"We are thrilled that the plan has been confirmed," said James J. Pinto, one of three principals at Arrow Air II LLC. "The plan allows us to maintain the airline's 520 employees and hopefully expand our employee base within the next 12 to 18 months."

The reorganization plan was approved by Chief U.S. Bankruptcy Judge Emeritus A. Jay Cristol.

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