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Fine Air Services Corp history
Fine Air Services Corp company history timeline
Arrow Air founder George Batchelor was born of Native American ancestry in Shawnee, Oklahoma in 1901.
1947: Arrow Air is launched.
Arrow Air was founded in 1950 by the visionary aviation pioneer, George Batchelor and it was among the oldest air carriers in the United States continuing to operate under the same, originally registered name.
The airline stopped scheduled operations in 1953 in what Batchelor saw as an anti-competitive regulatory environment.
Batchelor moved Arrow Air to South Florida in 1964.
On December 12, 1985, one of the company's DC-8s crashed after takeoff in Gander, Newfoundland, killing 248 soldiers of the 101st Airborne Division and eight of Arrow's flight crew personnel.
Richard Haberly was succeeded as Arrow president in June 1994 by Jonathan D. Batchelor, son of chairman and company founder George Batchelor.
A restructuring in June 1996 placed Terence Fensome as president and CEO of Arrow Air.
Unfortunately, Fine Air had its own set of woes resulting from a fatal crash of one of its McDonnell Douglas DC-8's in August 1997.
Arrow failed to profit from the upswing in the economy in 1997.
Jonathan Batchelor soon took over again as president, but in July 1998 relinquished that role for the positions of chairman and CEO as Guillermo J. "Willy" Cabeza became president and chief operating officer.
Arrow revenues were $87 million in fiscal 1998.
After a few difficult years, Arrow was acquired by Fine Air Services in early 1999 (the deal was finalized in April) from International Air Leases Inc. for $115 million.
Revenues were $148 million in 2001, when Arrow had about 800 employees in Miami and another 200 in other locations.
Arrow and Arrow Air Holdings Corp. emerged from bankruptcy in June 2004 through a confirmed plan of reorganization.
Arrow Air transporting more than 1,200,000 LBS of freight per day throughout 2008.
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Fine Air Services Corp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| H & W Petroleum Co. Inc | - | - | - | - |
| General Steamship | 1920 | $9.1M | 100 | - |
| The American Companies | - | $51.0M | 50 | - |
| Gold Aviation | 1995 | $1.3M | 30 | - |
| JetDirect Aviation Holdings, LLC | 2005 | $36.9M | 675 | - |
| Rent-a-Wreck | - | $1.6M | 20 | - |
| National Semi-Trailer Corp. | - | $2.8M | 5 | - |
| CFM International | 1974 | $16.0M | 64 | 125 |
| Florida East Coast Holdings Corp | 2011 | $279.1M | 550 | - |
Zippia gives an in-depth look into the details of Fine Air Services Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fine Air Services Corp. The employee data is based on information from people who have self-reported their past or current employments at Fine Air Services Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fine Air Services Corp. The data presented on this page does not represent the view of Fine Air Services Corp and its employees or that of Zippia.
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