Amerijet operated under Chapter 11 bankruptcy protection from 22 August 2001 until 31 December 2001, from which it emerged after financial restructuring. Amerijet International was majority-owned by H.I.G. from 2001 to 2016. On July 26, 2016, H.I.G. Capital completed the sale of Amerijet, the Miami-based all-cargo carrier to private equity firm ZS Fund L.P. Amerijet's new CEO, Vicken L. Karjian joined the company in July 2016. Amerijet and the International Brotherhood of Teamsters (IBT) reached an agreement on September 14, 2009 on a new four-year labor contract covering flight crew employees.