Miami Air International (Miami International) is looking to restart under the same brand and a similar strategy after being acquired by Tomas Romero, the owner of Caribbean Sun Airlines, Inc. d/b/a World Atlantic Airlines (WL, Miami International), during a recent bankruptcy auction.
The original Florida-based bankrupt firm and the newly-founded Miami Air International, LLC, incorporated in Delaware, jointly applied to the US Department of Transportation for a transfer of all certificates of public convenience and necessity for interstate and foreign charter air transportation issued to the former.
The companies said that Romero acquired Miami Air after it had filed for bankruptcy on March 24, 2020. In the application, they underlined that the "new" Miami Air would operate with the same aircraft type and employ the same key personnel as the bankrupt firm, as well as some new experienced employees.
"Miami Air’s fleet will consist of readily-available, leased Boeing B737 aircraft available on favourable terms, and the new carrier proposes to operate a fleet of up to six such aircraft by the end of its first full year of operations," the applicants said.
Tomas Romero acquired Miami Air International, including all of its certificates and trademarks, in late May for USD3.3 million. The "new" firm was incorporated in Delaware in early June. Romero, who is the sole owner and the Chief Executive of the new company, said he was prepared to invest up to USD4.5 million of his own cash into the new airline.
At the time of its bankruptcy filing, Miami Air International operated six dry-leased B737-800s. Romero's World Atlantic Airlines operates eight MD-83s, the ch-aviation fleets module shows.
