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DATE:20/06/08
SOURCE:Flight International
Business: bad week

Gemini air cargo "Record-shattering fuel prices" and revenue shortfalls forced the Washington Dulles-based company to file for Chapter 11 protection - for the second time in two years.

To keep operating, it will negotiate an additional loan commitment of up to $14 million from its existing senior lender and seek investors.

Gemini promotes itself as the world's largest operator of McDonnell Douglas DC-10-30F and Boeing MD-11F freighters.




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