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OST-2007-28875 - Cargo 360 and Southern Air - Transfer of Certain International Route Authority and for Pendente Lite Exemption
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Cargo 360, Inc. and Southern Air, Inc. OST-2007-28875 - Transfer of Certain International Route Authority and For an Exemption July 27, 2007 Thirty to Forty days after the filing of this application, Cargo 360 will acquire all of the issued and outstanding stock of Southern. Simultaneously, a newly formed holding company, Southern Air Holdings, will acquire 100% of the issued and outstanding stock of Cargo 360. Holdings will be owned by the current owners and management of Cargo 360 and Southern. While the Joint Applicants thus will be commonly owned, initially following the transaction they will continue to operate as seperate air carriers. Counsel: Garofaolo Goerlich, Aaron Goerlich, 202-776-3970 for Cargo 360 / Crowell & Moring, Bruce Keiner, 202-624-2500 for Southern Air
August 2, 2007 Joint Application for Approval of de facto Transfer of Certain International Certificate Authority Thirty to thirty-five days after the filing of this application, Cargo 360 will acquire all of the issued and outstanding stock of southern? Simultaneously, a newly formed holding company, Southern Air Holdings, Inc., will acquire 100% of the issued and outstanding stock of Cargo 360. Holdings will be owned by the current owners and management of Cargo 360 and Southern. While the Joint Applicants thus will be commonly owned, initially following the transaction they will continue to operate as separate air carriers, each holding all necessary authority from the Department and the Federal Aviation Administration. Although the transaction will not involve any actual transfer of international certificate authority, the Department takes the view that a route transfer application is required under 49 USC 41105 by virtue of the de facto transfer doctrine, hence this application. Counsel: Crowell & Moring, Bruce Keiner, 202-624-2500, rbkeiner@crowell.com for Southern Air / Garofalo Goerlich, Aaron Goerlich, 202-776-3970, agoerlich@ggh-airlaw.com for Cargo 360 |
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