Midnight Flyer
Stay Thirsty My Friends
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New or old paint scheme?
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Cappy...
- Thread starter AgreenFO
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Welcome to Flightinfo.com
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tired_pilot
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A friend of mine who works at Cappy just emailed me looking for a new gig... He got a furlough notice for September.
How ya been? Still in Salt Lake?
kiwithatflies
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DB Schenker to out-source operations to DHL in CVG
Outlook
DB Schenker Relationship
DB Schenker recently announced plans to adopt a new business model on September 1, 2011, at which time it would cease air cargo operations at its air hub in Toledo, Ohio, and instead conduct air operations from the Cincinnati/Northern Kentucky airport, the location of DHL's U.S. air network hub. DB Schenker has notified ATSG that the eight DC-8 and eight Boeing 727 freighters currently operated by ATSG's airline subsidiaries in its North American network will be reduced to four DC-8 and three B-727 freighters through the end of 2011, after which DB Schenker expects to outsource its air cargo operations to DHL. DHL has informed the Company that it anticipates negotiating terms during the fourth quarter of 2011 for the use of all or some of those seven aircraft beginning in 2012. ATSG said it will explore options for redeployment or sale of the surplus aircraft and will conduct an impairment analysis on ATSG's aircraft fleets, intangible assets and recorded goodwill balances during the third quarter of 2011.
Hete added that, “While we would have preferred that DB Schenker partner with us to upgrade its dedicated air network, we are uniquely positioned, as the main provider of aircraft in DHL's U.S. network, to support both major customers by supplying the incremental lift required to meet the air-cargo needs of DB Schenker's customers via the DHL air network. Our own core business strategy remains strongly focused on leveraging our leading scale, scope and experience as a lessor and operator of highly flexible and efficient mid-size freighters, and in particular the Boeing 767, the preferred mid-size wide-body platform for air cargo networks around the world. While we expect to continue to operate a lesser number of DC-8 and Boeing 727 aircraft in 2012 and beyond, those aging aircraft were not considered part of the growth platform for our business. The eventual removal of those Schenker-dedicated aircraft is projected to eliminate $10-15 million in annual cash expenditures for capital maintenance, and will reduce related support costs.
“We are well positioned to achieve significant cash-flow gains this year from the deployment of our remaining in-process 767s, and for even greater results in 2012 as we continue to reinvest our cash flow to selectively acquire, convert, and deploy more modern aircraft with superior capital return profiles, along with our expanding range of maintenance, operating, and network support services.”
Conference Call
ATSG will host a conference call on Thursday, August 4, 2011, at 10 a.m. Eastern time to review its financial results for the second quarter of 2011. Participants should dial 800-320-2978 and international participants should dial 617-614-4923 ten minutes before the scheduled start of the call and ask for conference pass code 33040373. The call also will be webcast live (listen-only mode) via www.atsginc.com and www.earnings.com for individual investors, and via www.streetevents.com for institutional investors.
Outlook
DB Schenker Relationship
DB Schenker recently announced plans to adopt a new business model on September 1, 2011, at which time it would cease air cargo operations at its air hub in Toledo, Ohio, and instead conduct air operations from the Cincinnati/Northern Kentucky airport, the location of DHL's U.S. air network hub. DB Schenker has notified ATSG that the eight DC-8 and eight Boeing 727 freighters currently operated by ATSG's airline subsidiaries in its North American network will be reduced to four DC-8 and three B-727 freighters through the end of 2011, after which DB Schenker expects to outsource its air cargo operations to DHL. DHL has informed the Company that it anticipates negotiating terms during the fourth quarter of 2011 for the use of all or some of those seven aircraft beginning in 2012. ATSG said it will explore options for redeployment or sale of the surplus aircraft and will conduct an impairment analysis on ATSG's aircraft fleets, intangible assets and recorded goodwill balances during the third quarter of 2011.
Hete added that, “While we would have preferred that DB Schenker partner with us to upgrade its dedicated air network, we are uniquely positioned, as the main provider of aircraft in DHL's U.S. network, to support both major customers by supplying the incremental lift required to meet the air-cargo needs of DB Schenker's customers via the DHL air network. Our own core business strategy remains strongly focused on leveraging our leading scale, scope and experience as a lessor and operator of highly flexible and efficient mid-size freighters, and in particular the Boeing 767, the preferred mid-size wide-body platform for air cargo networks around the world. While we expect to continue to operate a lesser number of DC-8 and Boeing 727 aircraft in 2012 and beyond, those aging aircraft were not considered part of the growth platform for our business. The eventual removal of those Schenker-dedicated aircraft is projected to eliminate $10-15 million in annual cash expenditures for capital maintenance, and will reduce related support costs.
“We are well positioned to achieve significant cash-flow gains this year from the deployment of our remaining in-process 767s, and for even greater results in 2012 as we continue to reinvest our cash flow to selectively acquire, convert, and deploy more modern aircraft with superior capital return profiles, along with our expanding range of maintenance, operating, and network support services.”
Conference Call
ATSG will host a conference call on Thursday, August 4, 2011, at 10 a.m. Eastern time to review its financial results for the second quarter of 2011. Participants should dial 800-320-2978 and international participants should dial 617-614-4923 ten minutes before the scheduled start of the call and ask for conference pass code 33040373. The call also will be webcast live (listen-only mode) via www.atsginc.com and www.earnings.com for individual investors, and via www.streetevents.com for institutional investors.
Last edited:
DHL Prepares with more North American Domestic Capacity as of First Week of September
Issue 42, July 22, 2011
You may have already heard the news regarding DB Schenker announcing the strategic realignment of their North American domestic operating model. They will transition from operating their own dedicated air fleet to a non-fixed asset model.
In response to this announcement our Domestic Freight Services group is in contact with our various airline and ground providers to make sure we are in position to protect the best interest of our current customers as well as those who may have a renewed interest in working with DHL Global Forwarding as a result of this recent announcement.
During initial conversations with our preferred carrier DHL Aviation, they plan to increase our system capacity on September 6, 2011 to offset the planned departure of DB Schenker network of aircraft on September 2, 2011.
DHL Aviation, initially will be adding seven additional aircraft to their fleet (four DC8's and three 727's, which will provide capacity of +315,000 pounds). DHL Global Forwarding is one of DHL Aviation's top customers and we will continue to be treated as such moving forward by committing to further supporting the needs of DHL Global Forwarding's Domestic customers who require Next Day and Second Day freighter lift.
The planned routes are as follows:
If you require additional information on the steps the Domestic Freight Services team is taking to support your needs, please feel free to reach out to your respective Area Domestic Managers or Business Development Managers at 1-866-849-5100 (this is the same number on our new domestic brochure) who would be glad to assist you.
Sincerely,
Brian Lindholm
CEO, North America
Kevin Bock
SVP, Domestic Freight Services
Issue 42, July 22, 2011
You may have already heard the news regarding DB Schenker announcing the strategic realignment of their North American domestic operating model. They will transition from operating their own dedicated air fleet to a non-fixed asset model.
In response to this announcement our Domestic Freight Services group is in contact with our various airline and ground providers to make sure we are in position to protect the best interest of our current customers as well as those who may have a renewed interest in working with DHL Global Forwarding as a result of this recent announcement.
During initial conversations with our preferred carrier DHL Aviation, they plan to increase our system capacity on September 6, 2011 to offset the planned departure of DB Schenker network of aircraft on September 2, 2011.
DHL Aviation, initially will be adding seven additional aircraft to their fleet (four DC8's and three 727's, which will provide capacity of +315,000 pounds). DHL Global Forwarding is one of DHL Aviation's top customers and we will continue to be treated as such moving forward by committing to further supporting the needs of DHL Global Forwarding's Domestic customers who require Next Day and Second Day freighter lift.
The planned routes are as follows:
- SEA/SFO/CVG (Round Trip) DC8
- LAX/CVG (Round Trip) DC8
- IAH/DFW/CVG (Round Trip) DC8
- MIA/ATL/CVG (Round Trip) DC8
- STL/MCI/CVG (Round Trip) 727
- BDL/ROC/CVG (Round Trip) 727
- HRL/LRD/CVG (Round Trip) 727
If you require additional information on the steps the Domestic Freight Services team is taking to support your needs, please feel free to reach out to your respective Area Domestic Managers or Business Development Managers at 1-866-849-5100 (this is the same number on our new domestic brochure) who would be glad to assist you.
Sincerely,
Brian Lindholm
CEO, North America
Kevin Bock
SVP, Domestic Freight Services
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