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How Many Abx DC9 will go away?
- Thread starter Bitter
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HeavyjetDC8
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Gazing into my crystal ball the clouds of angst ridden uncertainty disperse to show:
Narrow body lift to be provided by Astar, wide body by ABX, with the possible merger of the two. Time frame, if announced for such transition, will be wildly over optimistic.
No profitability for DHL until the ground distribution infrastructure is sorted out. My crystal ball may however be showing me fairy stories and your guess Bitter, is as good as mine.
Narrow body lift to be provided by Astar, wide body by ABX, with the possible merger of the two. Time frame, if announced for such transition, will be wildly over optimistic.
No profitability for DHL until the ground distribution infrastructure is sorted out. My crystal ball may however be showing me fairy stories and your guess Bitter, is as good as mine.
Last edited:
oldawg
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Deutsche Post Shares Advance as Chief Faces Probe
By Jann Bettinga, Bloomberg News, Thursday February 14, 2008
Feb. 14 (Bloomberg) -- Deutsche Post AG, Europe's biggest postal service, rose in German trading following news that Chief Executive Officer Klaus Zumwinkel is being probed by prosecutors, prompting speculation an early departure may speed up a revamp. The shares rose as much as 1.14 euros, or 5.3 percent, to 22.79 euros, the biggest gain since Jan. 8, and were up 2.6 percent as of 1:21 p.m. in Frankfurt.
Zumwinkel is subject of an investigation by prosecutors and his office has been searched, Nicole Mommsen, a spokeswoman for Bonn-based Deutsche Post, said by phone today. She declined to comment on a report by Germany's ZDF television station that the CEO, whose contract expires in late November, is being investigated on suspicion of tax evasion.
Deutsche Post is struggling to turn around its unprofitable DHL express-delivery business in the U.S. and has indicated it may decide to sell its retail banking unit Deutsche Postbank AG this year. The company in October brought in logistics-division head John Allan as its new chief financial officer to help bolster investors' confidence after a drop in the share price.
``This investigation will weaken Zumwinkel'' and ``strengthen Allan,'' Andrew Beh, an analyst at Bear Stearns in London, said in a note to investors today. ``The stronger Allan is, the more likely Postbank gets sold to the highest bidder sooner, and the U.S. business is restructured thoroughly.'' Bernd Bieniossek, a spokesman for the Bochum prosecutor's office, said today that raids in Bonn and Cologne were carried out as part of an investigation into suspected tax evasion. He declined to confirm that Zumwinkel is the target of the probe.
Police Escort
Zumwinkel was escorted by police from his home in Cologne today and the area around his house was cordoned off, German television station N24 reported. Police issued a warrant for Zumwinkel's arrest and searched his home in Cologne this morning, ZDF television reported, without saying where it obtained the information. Zumwinkel is suspected of having evaded German taxes by placing more than 10 million euros ($14.6 million) in a bank account in Liechtenstein, according to ZDF.
Frank Appel, Deutsche Post's management board member in charge of the logistics business, will assume Zumwinkel's post for the time being, the Financial Times Deutschland said on its Web Site today, without saying where it got the information. Deutsche Post's Mommsen declined to comment.
`Bad Press'
Zumwinkel, 64, has been at the helm of the German postal service since 1990, overseeing the company's initial public offering more than seven years ago. Newspapers have recently reported he may step down soon. ``Regardless of this investigation, because of the bad press alone Zumwinkel may regard the May 6'' annual shareholders' meeting ``as his last significant involvement with the company,'' Bear Stearns's Beh said. Zumwinkel, who is also the chairman of Deutsche Telekom AG's supervisory board, previously served as the head of Quelle Group, a German mail-order company, and was a senior partner at consulting firm McKinsey & Co.
By Jann Bettinga, Bloomberg News, Thursday February 14, 2008
Feb. 14 (Bloomberg) -- Deutsche Post AG, Europe's biggest postal service, rose in German trading following news that Chief Executive Officer Klaus Zumwinkel is being probed by prosecutors, prompting speculation an early departure may speed up a revamp. The shares rose as much as 1.14 euros, or 5.3 percent, to 22.79 euros, the biggest gain since Jan. 8, and were up 2.6 percent as of 1:21 p.m. in Frankfurt.
Zumwinkel is subject of an investigation by prosecutors and his office has been searched, Nicole Mommsen, a spokeswoman for Bonn-based Deutsche Post, said by phone today. She declined to comment on a report by Germany's ZDF television station that the CEO, whose contract expires in late November, is being investigated on suspicion of tax evasion.
Deutsche Post is struggling to turn around its unprofitable DHL express-delivery business in the U.S. and has indicated it may decide to sell its retail banking unit Deutsche Postbank AG this year. The company in October brought in logistics-division head John Allan as its new chief financial officer to help bolster investors' confidence after a drop in the share price.
``This investigation will weaken Zumwinkel'' and ``strengthen Allan,'' Andrew Beh, an analyst at Bear Stearns in London, said in a note to investors today. ``The stronger Allan is, the more likely Postbank gets sold to the highest bidder sooner, and the U.S. business is restructured thoroughly.'' Bernd Bieniossek, a spokesman for the Bochum prosecutor's office, said today that raids in Bonn and Cologne were carried out as part of an investigation into suspected tax evasion. He declined to confirm that Zumwinkel is the target of the probe.
Police Escort
Zumwinkel was escorted by police from his home in Cologne today and the area around his house was cordoned off, German television station N24 reported. Police issued a warrant for Zumwinkel's arrest and searched his home in Cologne this morning, ZDF television reported, without saying where it obtained the information. Zumwinkel is suspected of having evaded German taxes by placing more than 10 million euros ($14.6 million) in a bank account in Liechtenstein, according to ZDF.
Frank Appel, Deutsche Post's management board member in charge of the logistics business, will assume Zumwinkel's post for the time being, the Financial Times Deutschland said on its Web Site today, without saying where it got the information. Deutsche Post's Mommsen declined to comment.
`Bad Press'
Zumwinkel, 64, has been at the helm of the German postal service since 1990, overseeing the company's initial public offering more than seven years ago. Newspapers have recently reported he may step down soon. ``Regardless of this investigation, because of the bad press alone Zumwinkel may regard the May 6'' annual shareholders' meeting ``as his last significant involvement with the company,'' Bear Stearns's Beh said. Zumwinkel, who is also the chairman of Deutsche Telekom AG's supervisory board, previously served as the head of Quelle Group, a German mail-order company, and was a senior partner at consulting firm McKinsey & Co.
HeavyjetDC8
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freighthound
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Metro752
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TWA
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Don't all the 9s have to go directly to the chopping block?
nitefr8dog
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How many DC 9's will be parked?//
I talked to a higher up in standards last week (this person knows whats going on with a/c) and he told me that DHL advised ABX last fall that up to 10 DC9's will be release from service in the 2nd quarter of 08...That said, he also told me that DHL had told ABX this sort of stuff before and it never happened...So there are waiting to see if it really happens...We currently have 5 DC9's parked in CVG with another one to be parked this month...He did not know if the one going to CVG this month would be replaced with one already in CGV, nor did he know if the 10 aircraft to be released include the up to 6 a/c that will be in CVG...If 10 additional are parked it would equate to a 20% reduction in DC9 flying...
I talked to a higher up in standards last week (this person knows whats going on with a/c) and he told me that DHL advised ABX last fall that up to 10 DC9's will be release from service in the 2nd quarter of 08...That said, he also told me that DHL had told ABX this sort of stuff before and it never happened...So there are waiting to see if it really happens...We currently have 5 DC9's parked in CVG with another one to be parked this month...He did not know if the one going to CVG this month would be replaced with one already in CGV, nor did he know if the 10 aircraft to be released include the up to 6 a/c that will be in CVG...If 10 additional are parked it would equate to a 20% reduction in DC9 flying...
nitefr8dog
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nitefr8dog
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Ok now that really clears things up!
Last edited:
shooter
Call me the Tumblin' Dice
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The rumor of 10 9's has been around a couple of months. Back then they were to be parked in Jan. Remember?
http://forums.flightinfo.com/showthread.php?t=106743
The 1/3 reduction in flying rumor was to be in JAN as well. Will they come? Who knows and who cares any longer? Really? This sword of Damocles dangling over the heads of ABX is crap. There is nothing any of us can do about it but do the best we can to make sure DHL does not lose any customers due to us. Do they want us to live in fear forever? Because thats how long it could be since DHL never ran a profitable business in CVG. And if they think cutting service areas is the answer to become profitable we should be drawing straws to pick who will be the one to turn out the lights. Who knows what will happen now that Dr.Z is out. I heard rumors this thing has close to 1000 people involved. So we may see more higher ups depart.
Now, about that reduction in service areas, I know that there is FL "consolidation" coming. But nothing that would require 10 DC-9's to be parked. The only way they will be able to "consolidate" more would be to destroy their market even further.
http://forums.flightinfo.com/showthread.php?t=106743
The 1/3 reduction in flying rumor was to be in JAN as well. Will they come? Who knows and who cares any longer? Really? This sword of Damocles dangling over the heads of ABX is crap. There is nothing any of us can do about it but do the best we can to make sure DHL does not lose any customers due to us. Do they want us to live in fear forever? Because thats how long it could be since DHL never ran a profitable business in CVG. And if they think cutting service areas is the answer to become profitable we should be drawing straws to pick who will be the one to turn out the lights. Who knows what will happen now that Dr.Z is out. I heard rumors this thing has close to 1000 people involved. So we may see more higher ups depart.
Now, about that reduction in service areas, I know that there is FL "consolidation" coming. But nothing that would require 10 DC-9's to be parked. The only way they will be able to "consolidate" more would be to destroy their market even further.
Last edited:
TWA
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Yes..
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