Air Cargo Inc. gets grounded

Air Cargo Inc. gets grounded Air Cargo Inc., a cooperative for ground handling and logistics shared by 17 airlines, said Thursday it had shut its doors and was looking to sell its assets.
   The Annapolis, Md.-based company filed for bankruptcy protection last week. At the time it closed its ground delivery operation, but said the rest of the company would continue to function. Developments since then forced the company to change its plans and close, it said.
   The Carlyle Group, a private equity fund, is the major investor in ACI.