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Global Aero Logistics (GAL) bought Arrow and Tampa Cargo

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The union is officially disavowing themselves of any knowledge pertaining to this rumor.

We do know that GAL is interested in expanding its cargo presence.
 
[FONT=Arial, Helvetica, sans-serif]Avianca Buys Tampa Cargo[/FONT]
Martinair and its private Colombian investment partners agreed to sell all-cargo airline Tampa Cargo to passenger carrier Avianca.
The transaction is expected to be finalized in June. But a further agreement may merit a closer look from regulators approving the transaction. Martinair, Tampa Cargo and Avianca say they are working out details of an agreement to form a long term strategic cargo alliance to jointly develop cargo business.
"This new alliance opens up tremendous opportunities for Martinair and its new alliance partners by expanding our network and capacity throughout the Americas", said Paul Gregorowitsch, CEO of Martinair.
Martinair and Tampa Cargo currently have joint sales offices throughout the Americas. Under the alliance, that arrangement would not change. The alliance would allow Avianca to include its belly cargo capacity in a much larger domestic and international network.
 
It looks like Matlin Patterson may be looking to purchase Arrow but it will not be under the GAL group. MP does own GAL.
 

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