The airline was established and started operations in 1974. It was founded by David Bassett (Chairman and Chief Executive) and a partner with one leased aircraft, operating passenger and cargo services between the USA and the Bahamas. In 1976 Amerijet became a freight only carrier. In late 1978 courier contracts were taken from Purolator, FedEx, UPS, DHL and from Airborne Express in the early 1980s. In 1982 Bassett bought out his partner and created Amerijet International. It operated under Chapter 11 bankruptcy protection from 22 August 2001 until 31 December 2001, from which it emerged after financial restructuring. Amerijet International is owned by HIG Capital (66%) and David Bassett (34%) and has 577 employees.