Abx Ana Acmi

[erichartmann]

ABX Air & All Nippon ACMI

ABX Air, All Nippon Airways Extend ACMI Agreement
WILMINGTON, Ohio--(BUSINESS WIRE)--ABX Holdings, Inc. (NASDAQ:ABXA) said today that its subsidiary, ABX Air, Inc., and All Nippon Airways Co. (ANA) have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010.
Under the new agreement, ABX Air will continue to support ANA's cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance personnel. The new agreement contains terms that better reflect the evolving relationship between ANA and ABX Air, while anticipating the potential for growth in that relationship as ANA’s business expands.
The new ACMI agreement replaces a milestone agreement that ABX Air and ANA announced in May 2007. That agreement marked the first time the Japanese Civil Aviation Bureau (JCAB) had approved a foreign carrier to conduct cargo aircraft operations on behalf of a Japanese airline.
“Just as we were honored by the original opportunity to operate our 767 freighter aircraft on behalf of ANA, we are even more pleased to have a new agreement that allows us to better serve them and their customers, and creates a pathway toward an expanded role for ABX Air in ANA’s operations,” President and CEO Joe Hete said. “Asia is, and will likely remain, the world’s fastest growing market for air cargo services. Our plan is to bring all of the capabilities of the ABX family of companies, including those we recently acquired via Cargo Holdings International, to better serve ANA and other companies operating in this vast market.” (emphasis added)
Hete said that ABX Air’s revenues from the new ACMI Agreement with ANA are expected to be in excess of $32 million, on an annualized basis.

Hang onto your hats. This may enable ABX Air to be spun off to Astar.

 

[Jurassic Jet]

Hang onto your hats. This may enable ABX Air to be spun off to Astar.

Care to expand on your hypothesis?

 

[erichartmann]

Care to expand on your hypothesis?

I'm wondering if the ACMI is now with ABX Holding vs ABX Air. If so, could the work now be transferred to ATI? Again, if so, that would enable Joe to keep the ANA ACMI and sell ABX Air. Just pure speculation on my part.

 

[ABXbooger]

re-read the original post, it clearly says ABX air, a subsidiary of ABX holdings. The ACMI is signed to ABX Air, inc. the airline.

 

[Box-Hauler]

I believe that the JCAB approval is only for ABX Air, not any of Joe's other children, this is not something that is easily transferable, especially with "totally separate operations" as Joe likes to point out.

 

[erichartmann]

re-read the original post, it clearly says ABX air, a subsidiary of ABX holdings. The ACMI is signed to ABX Air, inc. the airline.

Nonetheless Joe makes a point of mentioning..."Our plan is to bring all of the capabilities of the ABX family of companies, including those we recently acquired via Cargo Holdings International, to better serve ANA and other companies operating in this vast market.” ...

Just makes me wonder.

 

[b707guy]

My understanding is along the lines of boog's and B-H's comments above. Could be that we fill in at ILN for ABX flying displaced to ANA routes, only a guess. We at the moment don't have much extra lift over our current commitments, but we could provide one, possibly two aircraft for that right now.

 

[ABXbooger]

Of course he's gonna say that. What do you expect him to say..."we intend to do the worst possible job of running an airline and expect to actually hinder ANA's work"?

 

[shooter]

I agree with booger. I think Joe is saying he is willing to sell every product he has, not just ABX. ABX has been checked and rechecked with audit after audit to fly ANA freight. That can't be handed off. If someone in Asia wants a conv. DC-8 or 727, he has that too. Just my opinion.

Oh my, I just thought that if Joe is trying to sell ATI and Cappy work in Asia, maybe they better start looking into what a domicile over will do to them. :erm:

 

[erichartmann]

Of course he's gonna say that. What do you expect him to say..."we intend to do the worst possible job of running an airline and expect to actually hinder ANA's work"?

No, no, you miss the point Booger. I certainly expect him to blather on about better serving ANA, and would have been surprised if he did not. At the same time, while it may be nothing more than advertising, Joe goes out of his way to make a point of mentioning CHI. May mean nothing. May mean he's setting up for something else. May be, as Shooter suggests, he's just pushing ATI and CCI to further expand the business. I don't know.