shooter
Call me the Tumblin' Dice
- Joined
- May 13, 2006
- Posts
- 7,941
Past, present and future?
I hear that ABX is currently purchasing 5 767-200’s from Air China and 10 more from American Airlines. Dasburg’s feeble offer of $7.75 needs to be increased to the $9-$10 range before ABX sells. It’s a desperate act from a desperate man to purchase ABX and trust the 20% of ABX that is owned by investor groups will think he is right about the future of ABX. ABX has a business plan that does not include DHL. The $64,000 question is: Will 2.5 years be enough to ramp up operations without DHL? Another thing to consider is that Red Mountain met with ABX to have a say in it’s operations last November, one month prior to Dasburg’s initial meeting with Hete to buy ABX. Red Mountain’s managing partner was a former partner of Goldman Sack’s, who ABX has hired to asses the company’s “true” value. Coincidence?
DHL recognizes it is in the throws of losing ABX as it’s main carrier unless it beefs up it’s ACMI profit percentage. So it throws some money into the smaller carrier, ASTAR, and tries to gain control ABX. DHL, making all the wise decisions as it has in the past regarding American operations, does not do it’s homework on Dasburg. Not realizing he was just an okay CFO and a disaster CEO. Northwest was plagued with labor problems and strikes while he was in charge and he left to go to Burger King which showed Dasburg the door after just 2 years of screwing up their already ailing company to save it from definite liquidation under his command. DHL, also not realizing that his poor actions and remedial handling of the interest to purchase ABX will further distance ABX from DHL contracts.
ABX and the BOD will gladly sell to ASTAR, but they will not give the company away. Customers are lined up to use ABX services and unless DHL increases it contract to match that ASTAR, ABX will gladly utilize future aircraft on more profitable business. Basic supply and demand: If ABX did not have the customers lined up, DHL would get the 767’s (like they want) and ABX would be grateful to have them flying. ASTAR knows it has outdated equipment that does not have the reliability or lower operating costs and knows it will not survive without attaching itself to the teat of mama DHL. ABX is a strong machine that does not need a teat, it provides for itself. It knows how to attract and service customers and continue to grow. Even if that growth morphs it into something other than it is now.
Then I see a repeat of the integration problems for DHL. They think they can do it, but needs to come back to ABX in order for it to work. But without securing work for ABX all the equipment s dedicated to others and DHL falls even farther down in the US market. UPS and FedEx are smiling all the way to the bank because all the past Airborne Express customers have now signed contracts with them. DHL becomes an even more rag-tag operator than they were before when they were in CVG. They continue to use the dumb-arse remote load planning system and all flights depart 5 hours late every morning. ASTAR employees seek self-help against Dasburg like Northwest employees did. I retire from aviation and smile every time I get a UPS delivery. Deutche Post shuts down US operations and uses UPS and FedEx to handle it’s international US freight. Okay maybe the last one was off, but the rest….oh yeah, ASTAR tries to sell itself off because it is in bankruptcy.
I hear that ABX is currently purchasing 5 767-200’s from Air China and 10 more from American Airlines. Dasburg’s feeble offer of $7.75 needs to be increased to the $9-$10 range before ABX sells. It’s a desperate act from a desperate man to purchase ABX and trust the 20% of ABX that is owned by investor groups will think he is right about the future of ABX. ABX has a business plan that does not include DHL. The $64,000 question is: Will 2.5 years be enough to ramp up operations without DHL? Another thing to consider is that Red Mountain met with ABX to have a say in it’s operations last November, one month prior to Dasburg’s initial meeting with Hete to buy ABX. Red Mountain’s managing partner was a former partner of Goldman Sack’s, who ABX has hired to asses the company’s “true” value. Coincidence?
DHL recognizes it is in the throws of losing ABX as it’s main carrier unless it beefs up it’s ACMI profit percentage. So it throws some money into the smaller carrier, ASTAR, and tries to gain control ABX. DHL, making all the wise decisions as it has in the past regarding American operations, does not do it’s homework on Dasburg. Not realizing he was just an okay CFO and a disaster CEO. Northwest was plagued with labor problems and strikes while he was in charge and he left to go to Burger King which showed Dasburg the door after just 2 years of screwing up their already ailing company to save it from definite liquidation under his command. DHL, also not realizing that his poor actions and remedial handling of the interest to purchase ABX will further distance ABX from DHL contracts.
ABX and the BOD will gladly sell to ASTAR, but they will not give the company away. Customers are lined up to use ABX services and unless DHL increases it contract to match that ASTAR, ABX will gladly utilize future aircraft on more profitable business. Basic supply and demand: If ABX did not have the customers lined up, DHL would get the 767’s (like they want) and ABX would be grateful to have them flying. ASTAR knows it has outdated equipment that does not have the reliability or lower operating costs and knows it will not survive without attaching itself to the teat of mama DHL. ABX is a strong machine that does not need a teat, it provides for itself. It knows how to attract and service customers and continue to grow. Even if that growth morphs it into something other than it is now.
Then I see a repeat of the integration problems for DHL. They think they can do it, but needs to come back to ABX in order for it to work. But without securing work for ABX all the equipment s dedicated to others and DHL falls even farther down in the US market. UPS and FedEx are smiling all the way to the bank because all the past Airborne Express customers have now signed contracts with them. DHL becomes an even more rag-tag operator than they were before when they were in CVG. They continue to use the dumb-arse remote load planning system and all flights depart 5 hours late every morning. ASTAR employees seek self-help against Dasburg like Northwest employees did. I retire from aviation and smile every time I get a UPS delivery. Deutche Post shuts down US operations and uses UPS and FedEx to handle it’s international US freight. Okay maybe the last one was off, but the rest….oh yeah, ASTAR tries to sell itself off because it is in bankruptcy.
