ABX says NO THANK YOU to ASTAR

[abxaviator]

You find what odd?

 

[Narco-leftseat]

Ask an Ex-DHL driver what they think about DHL's Rah-Rah shpeel...all the way up until the abrupt end.....

better yet, read for yourself.....http://exdhl.com/

 

[flyinboxes]

You find what odd?

That you participate in management sponsored meetings as a pilot group. If, in fact you do, or is it your union leaders that meet with them?

 

[FreightBumper]

That you participate in management sponsored meetings as a pilot group. If, in fact you do, or is it your union leaders that meet with them?

Please don't misinterpret that just because we go to meetings that we buy into the company line. Usually it ends up that management gets all huffy when they can't answer our questions without shuffling their feet and shrugging their shoulders. It would be entertaining if it wasn't so pathetic.

 

[hvydriver]

Please don't misinterpret that just because we go to meetings that we buy into the company line. Usually it ends up that management gets all huffy when they can't answer our questions without shuffling their feet and shrugging their shoulders. It would be entertaining if it wasn't so pathetic.

Ah. That's ok, I suppose. We just don't go to management meetings period. They used to try to have meetings with us, but I suppose they got tired of being the only people in the room.

 

[ABXbooger]

It is interesting to hear what management has to say versus what our union says. And I guess I still hope things can change...

The meeting I was referring to was a "coming out" party for the newly minted COO of ABX. Yeah I know, he's management and should not be trusted, but he said and did some things in that meeting that left a very good impression (embarrassed some of the current junior mgmt.) Funny the looks on the current mgmt as he spoke, almost like "oh my god, this guy knows what he's doing, and what we've been doing wrong!" I do hope he turns out like his first impression, only time and actions will tell.

 

[hvydriver]

It is interesting to hear what management has to say versus what our union says. And I guess I still hope things can change...

The meeting I was referring to was a "coming out" party for the newly minted COO of ABX. Yeah I know, he's management and should not be trusted, but he said and did some things in that meeting that left a very good impression (embarrassed some of the current junior mgmt.) Funny the looks on the current mgmt as he spoke, almost like "oh my god, this guy knows what he's doing, and what we've been doing wrong!" I do hope he turns out like his first impression, only time and actions will tell.

Yeah. We've been through that a few times too. Some new guy comes in and says "It's a brand new day" here at old AAC. Then he runs into the middle/lower management wall, and eventually realizes that he isn't going to change a thing, because he isn't allowed to clean house and bring fresh blood in to get rid of the old team that's only interested in protecting their bonuses. Maybe Graber will work out differently for you guys.

 

[erwaz]

SPECIAL EMPLOYEE HOTLINE – August 1, 2007​

Contact:​

[email protected]​

ASTAR AIR CARGO ACQUIRES AIRCRAFT​

TWO DC-8’s PURCHASED OFF LEASE​

ASTAR Air Cargo today announced it has finalized terms to purchase two DC-8-73
aircraft with long-range capabilities and a spare engine currently leased from Bank of
America's leasing division. Acquisition financing to ASTAR has been arranged and is
being provided by HSH Nordbank AG, New York Branch. The aircraft are part of
ASTAR’s current dedicated fleet assigned to DHL Express under a long-term ACMI
agreement expiring in 2019.
“ASTAR made the strategic decision to purchase these airplanes to enhance our position
as a provider of airlift services for our primary customer, DHL Express,” said Steven A.
Rossum, Executive Vice President and Chief Financial Officer of ASTAR. “Less than a
year ago, HSH arranged and provided the financing to enable ASTAR to complete
the acquisition of 20 Boeing 727-200A Freighters. This newest acquisition of aircraft is
consistent with our business growth strategy to lower our costs and enhance our
competitiveness. I would like to thank HSH Nordbank and Bank of America, for their​

roles in enabling ASTAR to carry out this important transaction.”

Hang on everyone here comes ASTAR to capture the market for DHL!!!!

 

[Cargoav8or]

SPECIAL EMPLOYEE HOTLINE – August 1, 2007​

Contact:​

[email protected]​

ASTAR AIR CARGO ACQUIRES AIRCRAFT​

TWO DC-8’s PURCHASED OFF LEASE​

ASTAR Air Cargo today announced it has finalized terms to purchase two DC-8-73
aircraft with long-range capabilities and a spare engine currently leased from Bank of
America's leasing division. Acquisition financing to ASTAR has been arranged and is
being provided by HSH Nordbank AG, New York Branch. The aircraft are part of
ASTAR’s current dedicated fleet assigned to DHL Express under a long-term ACMI
agreement expiring in 2019.
“ASTAR made the strategic decision to purchase these airplanes to enhance our position
as a provider of airlift services for our primary customer, DHL Express,” said Steven A.
Rossum, Executive Vice President and Chief Financial Officer of ASTAR. “Less than a
year ago, HSH arranged and provided the financing to enable ASTAR to complete
the acquisition of 20 Boeing 727-200A Freighters. This newest acquisition of aircraft is
consistent with our business growth strategy to lower our costs and enhance our
competitiveness. I would like to thank HSH Nordbank and Bank of America, for their​

roles in enabling ASTAR to carry out this important transaction.”

Hang on everyone here comes ASTAR to capture the market for DHL!!!!

Oh boy, what a commitment!! Bla, bla,bla.

 

[TWA]

And once again, no net gain of aircraft. Maybe attempting to buy another company is the only way they know how to acquire more aircraft.

 

[Fly Astar Jets]

Bla Bla Bla

SPECIAL EMPLOYEE HOTLINE – August 1, 2007
Contact:
[email protected]​

ASTAR AIR CARGO ACQUIRES AIRCRAFT
TWO DC-8’s PURCHASED OFF LEASE..........​

This is the same ol' crap we've been dealing with since Daz showed up with his NWA retirement club boys. Daz N Co. are nothing but a bunch of professional window shoppers. Always looking, never buying. Don't get me wrong, I love the -73's. But the leasing Co probly told Daz "either buy'em or we're going somewhere else with 'em".​

 

[abxdx]

SPECIAL EMPLOYEE HOTLINE – August 1, 2007​

Contact:

[email protected]

ASTAR AIR CARGO ACQUIRES AIRCRAFT
TWO DC-8’s PURCHASED OFF LEASE
ASTAR Air Cargo today announced it has finalized terms to purchase two DC-8-73
aircraft with long-range capabilities and a spare engine currently leased from Bank of
America's leasing division. Acquisition financing to ASTAR has been arranged and is
being provided by HSH Nordbank AG, New York Branch. The aircraft are part of
ASTAR’s current dedicated fleet assigned to DHL Express under a long-term ACMI
agreement expiring in 2019.
“ASTAR made the strategic decision to purchase these airplanes to enhance our position
as a provider of airlift services for our primary customer, DHL Express,” said Steven A.
Rossum, Executive Vice President and Chief Financial Officer of ASTAR. “Less than a
year ago, HSH arranged and provided the financing to enable ASTAR to complete
the acquisition of 20 Boeing 727-200A Freighters. This newest acquisition of aircraft is
consistent with our business growth strategy to lower our costs and enhance our
competitiveness. I would like to thank HSH Nordbank and Bank of America, for their​

roles in enabling ASTAR to carry out this important transaction.”

Hang on everyone here comes ASTAR to capture the market for DHL!!!!
​

Wow! How exactly is investing in 30+ yr old acft that require 3 crewmembers going to lower costs and enhance competitiveness. I wonder where they got those DC8'S from? The DC8 has seen its day, I will always hold a special place in my heart for them, but they are not viable anymore...
​

 

[LarryinTN]

Am I correct in reading that to say that these two DC8-73s are already being operated by Astar and that the transaction is just so that they'll now own them instead of leasing them? If so, why did they only buy two? Wouldn't it make sense to buy them all?

 

[hvydriver]

Am I correct in reading that to say that these two DC8-73s are already being operated by Astar and that the transaction is just so that they'll now own them instead of leasing them? If so, why did they only buy two? Wouldn't it make sense to buy them all?

They are just buying them up as the leases come up for renewal LJ.

 

[ABXbooger]

Didn't they lose one not to long ago as the lease came up?

 

[hvydriver]

Didn't they lose one not to long ago as the lease came up?

Yeah. They were diddling around trying to buy 809, and as the lease drew to a close the leasing company cut a contract with another company. They don't want that to happen again.

 

[Cargoav8or]

Yeah. They were diddling around trying to buy 809, and as the lease drew to a close the leasing company cut a contract with another company. They don't want that to happen again.

Yes, because that would force them into attempting to buy efficient aircraft.

Where's Shooter, must be out the country.

Nothing to see here folks, just laugh and move along. Were used to it.
:blush:

 

[shooter]

Yes, because that would force them into attempting to buy efficient aircraft.

Where's Shooter, must be out the country.

Nothing to see here folks, just laugh and move along. Were used to it.
:blush:

I lurk.

 

[hvydriver]

I lurk.

He lurks. Therefore, He Is.

 

[flyinboxes]

Oh boy, what a commitment!! Bla, bla,bla.

LOL! Why even put that out....who gives a crap.