shooter
Call me the Tumblin' Dice
- Joined
- May 13, 2006
- Posts
- 7,941
http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=ATSG
So, from what I can see the money ABX was to get from a put agreement from DHL to convert 767's to freighter is no more. The note in the filing shows a huge reduction in debt, much of which is forgiven from DHL, and the cash payment from the put.
So what gives? Does this mean they are not going to convert to freighters any longer? If so, why? Does anyone think there is now business for the PC's in a new DHL model? I see no other reason to not convert them with the put cash they said they would do unless they now have income generated by the PC's. But it could be just wishful thinking on my part.
So, from what I can see the money ABX was to get from a put agreement from DHL to convert 767's to freighter is no more. The note in the filing shows a huge reduction in debt, much of which is forgiven from DHL, and the cash payment from the put.
So what gives? Does this mean they are not going to convert to freighters any longer? If so, why? Does anyone think there is now business for the PC's in a new DHL model? I see no other reason to not convert them with the put cash they said they would do unless they now have income generated by the PC's. But it could be just wishful thinking on my part.