DHL paid how much for 49% of Astar!?!?!?

[shooter]

DHL Airways Chairman and CEO John Dasburg is leading an investor group to buy the outstanding shares of the company for $57 million,

http://www.marketwatch.com/news/story/ceo-dasburg-leads-group-buy/story.aspx?guid=%7B37588DE1%2D6907%2D445C%2D9903%2D96CF57F135F1%7D

DHL cost for Astar 68 Million Euros, Cost for Polar Air Cargo 73 million Euros. Page 170/200 or 166 in the document.

http://investors.dpwn.de/en/investoren/publikationen/archiv/2007/finanzpublikationen/dpwn_annual_report_2007_en.pdf

68 million Euros equals $103,917,538 USD for 49% of Astar (converted fron Eu to USD today at 2am EST). Man that Dasburg is one lucky rich dude. His cost for that 49% was $27,930,000 and in just 4 years he made a 272% return on his investment.

Nah, nothing crooked going on down there in Florida. From May of 2003 until June of 2007 is 4.1 years which works out to an annualized return of 66.6%. I don't think that number is just a coincidence.

 

[ABXbooger]

oops...

 

[hvydriver]

DHL Airways Chairman and CEO John Dasburg is leading an investor group to buy the outstanding shares of the company for $57 million,

http://www.marketwatch.com/news/story/ceo-dasburg-leads-group-buy/story.aspx?guid=%7B37588DE1%2D6907%2D445C%2D9903%2D96CF57F135F1%7D

DHL cost for Astar 68 Million Euros, Cost for Polar Air Cargo 73 million Euros. Page 170/200 or 166 in the document.

http://investors.dpwn.de/en/investoren/publikationen/archiv/2007/finanzpublikationen/dpwn_annual_report_2007_en.pdf

68 million Euros equals $103,917,538 USD for 49% of Astar (converted fron Eu to USD today at 2am EST). Man that Dasburg is one lucky rich dude. His cost for that 49% was $27,930,000 and in just 4 years he made a 272% return on his investment.

Nah, nothing crooked going on down there in Florida. From May of 2003 until June of 2007 is 4.1 years which works out to an annualized return of 66.6%. I don't think that number is just a coincidence.

If it makes you feel better Shooter, Daz only put about 3 million of his own money into the deal. You aren't really surprised by this, are you?

 

[shooter]

If it makes you feel better Shooter, Daz only put about 3 million of his own money into the deal. You aren't really surprised by this, are you?

Well I am not surprised that he made out. But I am surprised it is by 272% in just 4 years. We lowly workers know not what it is like to only eat the fillet without the lobster, such horror. :laugh:

 

[Fly Astar Jets]

DHL Airways Chairman and CEO John Dasburg is leading an investor group to buy the outstanding shares of the company for $57 million,

http://www.marketwatch.com/news/story/ceo-dasburg-leads-group-buy/story.aspx?guid=%7B37588DE1%2D6907%2D445C%2D9903%2D96CF57F135F1%7D

DHL cost for Astar 68 Million Euros, Cost for Polar Air Cargo 73 million Euros. Page 170/200 or 166 in the document.

http://investors.dpwn.de/en/investoren/publikationen/archiv/2007/finanzpublikationen/dpwn_annual_report_2007_en.pdf

68 million Euros equals $103,917,538 USD for 49% of Astar (converted fron Eu to USD today at 2am EST). Man that Dasburg is one lucky rich dude. His cost for that 49% was $27,930,000 and in just 4 years he made a 272% return on his investment.

Nah, nothing crooked going on down there in Florida. From May of 2003 until June of 2007 is 4.1 years which works out to an annualized return of 66.6%. I don't think that number is just a coincidence.

Good post Shooter. Nicely documented.

We all should not be shocked by these numbers. This must be the price for influence peddling and Washington connections on both sides of the aisle. For all the brain fart decisions that have made their way across the Pond, the decision by DP to have Johnny D head up the buyout of DHLAirways was a pretty good one (at least from Johnny D's perspective )

FAJ

 

[shooter]

Good post Shooter. Nicely documented.

We all should not be shocked by these numbers. This must be the price for influence peddling and Washington connections on both sides of the aisle. For all the brain fart decisions that have made their way across the Pond, the decision by DP to have Johnny D head up the buyout of DHLAirways was a pretty good one (at least from Johnny D's perspective )

FAJ

Very true. Sometimes I wish I would be able to find out what having that kind of money is like. Sometimes I thank god I don't. You know? :beer:

 

[flyinboxes]

Looks like they finally let the cat out of the bag. I don't understand why they waited until after we settled. I can't think of any business since except to hide from us how rich Astar and Das are.

 

[ABXbooger]

I think we now know why your contract got wrapped up so suddenly...

 

[Fly Astar Jets]

I think we now know why your contract got wrapped up so suddenly...

Like Hvy eluded to somewhere else, "we stuck to our guns and waited them out".

Though I'm not so sure that was the only reason.

FAJ

 

[penguin22]

I think we now know why your contract got wrapped up so suddenly...

Exactly. You gotta hand it to the guy. He got ALPA’s contract TA’d and voted in just days before DPWN had to disclose how deep his pockets really go. Otherwise, he risked having to share some more of that $$$ with his pilots