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| Thursday, December 27, 2007 |
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ABX AIR TO PROVIDE ADDITIONAL AIRLIFT FOR DHL NETWORK
By FlyingNews @ 6:55 AM :: 159 Views ::
0 Comments :: Air Cargo
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ABX Air (NASDAQ:ABXA) announced today that it has agreed to provide two of its 767-200 freighter aircraft in support of DHL’s U.S. air network during 2008, extending further its position as the primary provider of domestic airlift to DHL.
The agreement covers two 767-200 freighter aircraft that are not among ABX Air’s 29 767s already dedicated to DHL service. One of the two 767-200s will initially be operated in support of DHL through June 2008 with an opportunity to extend the term, and the second for the full year. One of them has operated on behalf of DHL for most of 2007 under an agreement that expires at the end of this year.
Starting in 2008, DHL will pay ABX a fixed monthly fee for the aircraft and certain airframe maintenance expenses. Additionally, DHL will reimburse ABX Air with a mark-up for flight crew, maintenance and other expenses associated with operating the aircraft consistent with the terms of its ACMI Service Agreement.
“We are pleased that DHL has asked us to expand our support of its air network,” said Joe Hete, President and CEO of ABX Air. “While we could have operated these highly efficient aircraft at higher margins for other customers, we believe the right thing to do is to support our principal customer in its efforts to compete more effectively in the U.S. At the same time, we appreciate DHL’s affirmation last month that it will continue our relationship through the current terms of our commercial agreements, and that it will discuss with us a broad range of topics that could further benefit that relationship. As we expand our business with other customers and into other markets, we remain proud to serve as DHL’s largest domestic airlift provider, and we are proud of our fleet’s continued outstanding record of reliability.”
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