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National Air Cargo gets out of hot water again as cash rolls in
来源：shippingazette.com 编辑：编辑部 发布：2017/11/30 10:36:22
THE chequered career of Orland-based National Air Cargo (NAC) looks set to emerge from Chapter 11 bankruptcy protection after legal battling and much financial wheeling and dealing, reports London's Loadstar.
In filings to a bankruptcy court, NAC owner Christopher Alf, said he could find up to US$12 million, with $5.4 million already sourced for the "initial global payment" in a plan that has been accepted by most of its creditors.
The war zone specialist NAC appears to be operating smoothly. It is currently booked for four one-way charters from Chicago to Anchorage and Shanghai this week and next, following four previous charters on that route earlier this month.
National Air Cargo first gained notoriety 10 years ago when it was first accused, then convicted to defrauding the Pentagon and forced to pay a US$28 million fine, and then deprived of any management role in the company the Mr and Mrs Alf had started.
After several years as the chief share holders yet silent partners, Mr Alf and his wife, were cleared of all charges and were again given contracts to run military air cargo into Iraq and Afghanistan.
National Air Cargo also flew humanitarian aid into such places as Haiti where there was little order or security on the ground as well as into other dangerous conflict areas where National's go-anywhere-anytime services were needed.
The dramatic life and times of National Air Cargo culminated in the April 29, 2013 crash of a 747 freighter that took off carrying armoured vehicles, and after a steep climb crashed at Bag ram airport in Afghanistan taking the lives of the seven aboard.
The tragedy brought wrongful death suits alleging that the 747 Boeing manuals lacked sufficient limitation of cargo loads.
One suit, filed in a US Circuit Court in Chicago, also alleged that the aircraft was unfit for the transport of high density, rolling cargo and that Boeing also lacked sufficient warnings related to the transport of such cargo.
The National Transportation Safety Board (NTSB) found that the airline had inadequate procedures in place for restraining big loads,
The carrier was also criticised over the training of its crew. It also found that federal regulators failed to provide proper oversight of the aircraft, the Detroit Free Press reported.
In filings to a bankruptcy court, NAC owner Christopher Alf, said he could find up to US$12 million, with $5.4 million already sourced for the "initial global payment" in a plan that has been accepted by most of its creditors.
The war zone specialist NAC appears to be operating smoothly. It is currently booked for four one-way charters from Chicago to Anchorage and Shanghai this week and next, following four previous charters on that route earlier this month.
National Air Cargo first gained notoriety 10 years ago when it was first accused, then convicted to defrauding the Pentagon and forced to pay a US$28 million fine, and then deprived of any management role in the company the Mr and Mrs Alf had started.
After several years as the chief share holders yet silent partners, Mr Alf and his wife, were cleared of all charges and were again given contracts to run military air cargo into Iraq and Afghanistan.
National Air Cargo also flew humanitarian aid into such places as Haiti where there was little order or security on the ground as well as into other dangerous conflict areas where National's go-anywhere-anytime services were needed.
The dramatic life and times of National Air Cargo culminated in the April 29, 2013 crash of a 747 freighter that took off carrying armoured vehicles, and after a steep climb crashed at Bag ram airport in Afghanistan taking the lives of the seven aboard.
The tragedy brought wrongful death suits alleging that the 747 Boeing manuals lacked sufficient limitation of cargo loads.
One suit, filed in a US Circuit Court in Chicago, also alleged that the aircraft was unfit for the transport of high density, rolling cargo and that Boeing also lacked sufficient warnings related to the transport of such cargo.
The National Transportation Safety Board (NTSB) found that the airline had inadequate procedures in place for restraining big loads,
The carrier was also criticised over the training of its crew. It also found that federal regulators failed to provide proper oversight of the aircraft, the Detroit Free Press reported.