Contract Cargo for the long haul?

[trijetter]

Not really, DHL owns 49% of Astar and Polar with members on their respective BOD's with voting rights.

 

[DC8CRIVER]

'though DHL owns 49% of Astar, lot of good that has done us.

And, yes, DHL does not "own ABX" but the effect is the same for the 49% owned Astar and the "not at all" owned ABX. We'll all be hitting the bricks in a couple of months.

And we absolutely DID realize that we were in the same boat as other ACMI carriers. That being said, some of us did harbor some hope that the 49% ownership indicated some degree of commitment by DHL to Astar for fulfilling their recently extended ACMI contract which was to go to 2019 AND their commitment to the Astar pilots who has just signed a CBA that had bound DHL to certain growth and no furlough provisions.

Obviously, the signing of those contracts just a couple of months ago was either a very cleaver and expensive bluff on DHL's part to keep every one in the dark about their nefarious schemes, OR DHL just doesn't have the slightest clue about how to run a business and they continue to make the most idiotic, short sighted, knee jerk, stupid, and expensive blunders ever known to man - on a billion dollar scale.

Sad but true that the airline that helped found and build DHL into a global delivery service has been thrown under the bus.

8

 

[AV80R]

Either way, the main point is that Astar and ABX employees get screwed while DHL top brass enjoy their bonuses - very sad...

 

[filejw]

Either way, the main point is that Astar and ABX employees get screwed while DHL top brass enjoy their bonuses - very sad...

Very true and the 49% is just enough to control what they want. I'v watched NWA do this with their regionals for years.