Another carrier goes to the wall

Sky-high operating costs on account of record oil prices are bringing more casualties as carriers brace for a protracted slump.
Freighter leasing outfit Gemini Air Cargo filed for Chapter 11 bankruptcy protection in an effort to restructure out of reach of creditors and find fresh investment.
The US carrier has a fleet of MD-11 and DC-10-30 freighters, and demand for the latter is low because of their fuel consumption.
CargoNews