ABX News

[erichartmann]

I wonder:

1. Who made the first move? Did Mesdag (Red Mountain) get in touch with ABX and let them know what he planned to do?
2. What did Mesdag plan to do? Was he planning to try and put a director or two on the ABX BOD? Did he plan to tender his shares to the partners in ACC so they could do the same or try to take control of ABX?
3. What did ABX whisper in his ear to get him to enter into an agreement of confidentiality and stop his plan?
4. What recourse does he have if he decides ABX's plan is BS? Sit out the agreement? Note:Since orginally posting this I went and read the SEC filing. It would appear Mr. Mesdag has no real recourse if he doesn't approve of the ABX BOD "master plan" or than to wait out the period specified in the filing.

I also wonder:

1. What is ABX's plan? Hete has repeatedly said he intends to expand ABX's business and be DHL's premier partner in the U.S. He has also repeatedly said he is interested in larger opportunities with more risk for greater reward. Perhaps Hete intends to offer or has offered to become the DHL franchise in the U.S., to include the ground operations. Perhaps he plans to sell part or all of the 767 fleet owned before the buyout to Astar. That would be 30 aircraft, but only 5 with doors and floors (SF). Still, the preliminary engineering work has been done to convert the remaining 25 PC aircraft to SF.
2. What effect on that plan will ACC's T/A have, or does the plan take the posibility of stronger scope in ACC's T/A into account. How will the new T/A affect ABX's ACMI?

 

[shooter]

"never thought I would have to hedge my job" and you work in aviation right?

Hedge, not start over at another airline. For us that would mean opening a UPS store.