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GlobeSt.com UPDATE: Amerijet Reorganization Hinges on Equity Partnership

FORT LAUDERDALE, FL-The chief executive officer of the locally based air-cargo carrier is joining H.I.G. Capital in an equity partnership that is contributing $3 million to calm creditor claims in a voluntary bankruptcy filing.

By David R. Corder | Updated on October 11, 2001

FORT LAUDERDALE, FL-Amerijet International Inc.’s founding chairman and chief executive officer, David Bassett, is joining H.I.G. Capital in an equity partnership that is contributing $3 million to calm creditor claims in the voluntary bankruptcy petition the air cargo carrier filed in August.

Of the total equity pledged, the partnership will invest $2 million to acquire the 29,242-sf main office that the air cargo carrier occupies at 2800 S. Andrews Ave. The partnership will lease back the facility to the company.

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