In 1997 a Fine Air DC-8 crashed in Miami, killing the crew members and several people around the crash area. In 2000, Fine Air filed for bankruptcy and soon after, it was merged into Arrow Air, another cargo airline. Both airlines still use their respective names.
Fine Air has hubs in Miami International Airport, Hartsfield International Airport in Atlanta and Luis Munoz Marin International Airport in Puerto Rico. It operates DC-8 and L-1011 type of jets, and it has a contract with model airplane manufacturers Gemini Jets and Flight Miniatures to produce toy models of their airplanes.