USA Jet for Sale

[Porky]

Yep, thats right folks. USA JET the once mighty cargo company is selling not only the parked aircraft but also the currently flying aircraft. CH wants out of the cargo biz and has talked the investors into it. Current aircraft for sale include:

1. All the Falcon 20's
2. All the parked DC-9s
3. N327US and N196US
4. The Main Hangar is also up for sale/lease

It looks like we have until the end of the year before the doors close so update your resume and make plenty of copies.

 

[Buckeye]

With todays economics they might have better luck using ebay or selling raffle tickets for that stuff.

 

[Amish RakeFight]

Aww man, that's terrible news.

Sheesh. WTF is going on?



For the old schoolers.... how cyclical is this type of airline attrition? - I'm talkin everything we're seeing left and right.

been in the aviation mix a little over 10 years and have never witnessed such a calamity taking place throughout.

Good luck to those at USA JET and everyone else getting in one big unemployment conga line.

 

[avbug]

As far as the cycle, it's been going on for decades. Look back over the history of the industry and see how many companies have folded. Aviation has never been more than a series of temporary employment(s).

 

[DeltaLima21]

Why only 2 of the flying cargo Aircraft?

 

[LR25]

About 4 years ago, when they should have diversified, they didnt, so why is anybody suprised that this last layoff, and now this is happening?

Alot of nice guys there, sorry to see all this happening.

 

[Way2Broke]

If true, I am guessing that this means another round of lay offs. So much for "growing the dc-9 business by 50% over the next year."

 

[Porky]

Next round of layoff's is slated for September 15th.

 

[DeltaLima21]

If true, I am guessing that this means another round of lay offs. So much for "growing the dc-9 business by 50% over the next year."

He said growing PAX business by 50%....So whats that 2 more aircraft? 4-->6? Meanwhile he failed to mention the cut in Cargo operations....

 

[Way2Broke]

Next round of layoff's is slated for September 15th.

I hope they are handled better than the last round. How sure are you of this?