Air Canada veteran Vito Cerone joins Cargojet as SVP international
Former Air Canada Cargo veteran Vito Cerone, has become senior vice president international for Cargojet. After ...
A new 767-200F operator this week received the green light to take off in the US.
21 Air, previously a charter broker organising flights to Puerto Rico, the Caribbean and South America, plans to use two 767-200ER freighters domestically in the US and internationally.
There is currently high demand for 767Fs – the aircraft of choice for express operators, and Amazon.
The US DoT noted in its filing: “21 Air intends to provide services to freight forwarders in the US and around the world, as well as subservice to other air carriers on an ACMI basis.”
The carrier is based in Greensboro, North Carolina, home to some 55,000 manufacturing jobs in an area which focuses on textiles, tobacco and furniture. FedEx has a regional operation there and the city has been trying to boost the logistics sector.
Honda and Volvo Trucks are US-headquartered in Greensboro.
21 Air’s previous charter brokering business was successful, noted the DoT, with the company last year making net profits of $272,000 on revenues of $12.6m, and income of $867,000 on revenues of $4.4m in the first quarter of this year.
The two 767-200ER freighters are leased from JW Aviation, a company controlled by 21 Air founder Adolfo Moreno. Most of the senior management gained experience at passenger carrier Dynamic Airways, while the CFO was controller at Sky Lease Cargo.
21 Air, formed in 2014, has shareholder equity of some $2m and a working capital balance of $1.92m, according to the DoT.