All you Asstar keep saying DHL is getting rid of ABX because of what Hete keeps doing. What exactly is this you keep referring to?
ABXbooger,
I THINK what is being primarily referred to is Hete's refusal to negotiate with Dasburg about Astar's buyout proposal. Apparently, even your teamster council now thinks that was a bad idea - this observation based on the Teamster 1224 website "ask Joe Hete":
"Why did the management of ABX Air refuse to discuss ASTAR’s expression of interest?
An indication of interest from ASTAR Air Cargo Holdings, LLC, to acquire ABX at $7.75 per share was made on June 26, 2007 – an offer above the trading price at the time. When considering the largest shareholder of ASTAR is an affiliate of DHL, the largest customer of ABX, a merger seemed likely to produce meaningful synergies. The Board of Directors rejected ASTAR’s offer without disclosing to shareholders the opinion of the Company’s financial advisor, thus providing shareholders no basis for the Board’s decision."
ABXDX,
I agree that in big business, people work along side others that they don't care for every day, but this is very different from a personal problem. Hete is making business decisions that go against the desires of their biggest customer. For better or worse, DHL pays ABX's bills for now and Hete won't do their bidding. Yes, DHL's problems may not be due to ABX, but that doesn't mean that Hete can ignore DHL's wishes without repercussions. We can all quickly agree that DHL has made some very bad decisions even if we do not agree on which decisions were the bad ones - the fact remains that DHL has severely damaged the US operation. The question now is; What do they do about it. They are supposed to have "THE Answer" in the upcoming May announcement. What that announcement will be I have no idea. Hell, we may all be on the street after that for all I know, but this may be their last chance to straighten things out over here.
"fob727 wrote: Right, that's it. Extension to ACMI??? Investing in 49% of who??? Backed a buyout of who??? Signed off on a contract of who??? Demanded repayment of $93m from who??? Withheld payment of $8m from who???"
It really does NOT matter WHY DHL has chosen to do these things that they have done. The fact is that they have and there's nothing we can do about it. The bottom line is that Joe Hete has chosen to take a path that has not promoted a positive relationship with DHL and that pisses off the employees of ABX and rightfully so. As an Astar pilot working for a company with a ACMI agreement with DHL, my own position is FAR from certain. Based on my intimate observations of how DHL has operated over the past 13 years, I would be far from surprised if I found myself on the street a year from now.
I'm pretty sure that we ALL got in the wrong line when we ended up under the DHL umbrella.
... and finally
AVIATRIX,
You contribute nothing useful or intelligent to these boards. Your 15 minutes of fame are up.
Either SHUT UP or APOLOGIZE or BOTH.