Jurassic Jet
Freight Trash
- Joined
- Mar 10, 2005
- Posts
- 227
SPECIAL EMPLOYEE HOTLINE – August 17, 2007
Contact: [email protected]
ASTAR AIR CARGO ACQUIRES AIRCRAFT FROM BOEING
From Plantation Florida,
Office of John Dasburg:
ASTAR Air Cargo today announced it has finalized terms to purchase 25 Boeing 737-700s with an option of 35 more totaling 1.7 billion dollars. The 737-700 will give ASTAR’s customer, DHL, the necessary lift needed to re fleet DHL’s system in the United States. Aircraft with long-range capabilities and fuel efficient engines will provide DHL cost savings in the future. Acquisition financing to ASTAR has been arranged and is being provided by HSH Nordbank AG, New York Branch. The aircraft will be 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.”
I found this in an e-mail.
Me thinks erwaz has just become a candidate for probable cause drug testing. :laugh:
By the way...completely made up. I emailed Mr. Mckeen and he confirmed it is false.