INTERNATIONAL CHARTER EXPRESS: United States (19921994). Danny Jones, former president of Interstate Airlines and 1989 founder of the Little Rock, Arkansas-based leasing concern International Cargo Xpress, establishes this subsidiary at Baltimore (BWI) in the spring of 1992. Two Douglas DC-8-62CFs are acquired, configured with 6 berths, 92 first-class seats, and 250-ton freight capacity. Their services will be aimed specifically at the international travel requirements of such organizations as sports teams, oil companies, or entertainers that need to transport large amounts of cargo along with personnel.
From its Maryland base, the new entrant initiates bimonthly charter fights in June to Moscow and Kuwait. By year’s end, a total of 25,000 passengers and 2.6 million FTKs are flown. Revenues are $6.4 million and although a $186,102 operating loss is suffered, a net profit of $4.2 million is earned.
Enplanements zoom to 50,000 in 1993 and cargo skyrockets by 233.4% to 8.6 million FTKs. Revenues surge 71.4% to $11.02 million, expenses climb 53.4% to $10.15 million, and operating income of $869,389 is earned. The net gain falls, however, to $186,000.
The company’s new aircraft livery is first unveiled on a DC-8-62CF on March 15, 1994.
Through the year’s first 9 months, 45,000 passengers are flown on charter and freight traffic skyrockets an almost unbelievable 437% to 46.2 million FTKs. Despite these figures, the company is in so much fiscal difficulty that it must shut down at year’s end.
INTERNATIONAL CORPORATE AND CARGO SERVICE, S. A.: Mexico (1994-1995). ICCS is set up at Mexico City’s airport in 1994 to offer both corporate and cargo flights to worldwide destinations. Alberto May is appointed manager and he begins service with a workforce that includes 10 full-time and 20 part-time pilots. His fleet consists of 1 Boeing 727-100F and 1 Learjet 24 for passengers. Unable to achieve economic viability, the company shuts down in 1995.
World History
