How Many Abx DC9 will go away?

[Bitter]

What is the general concenus on how many Abx DC9's DHL will remove from service?

 

[HeavyjetDC8]

Gazing into my crystal ball the clouds of angst ridden uncertainty disperse to show:

Narrow body lift to be provided by Astar, wide body by ABX, with the possible merger of the two. Time frame, if announced for such transition, will be wildly over optimistic.

No profitability for DHL until the ground distribution infrastructure is sorted out. My crystal ball may however be showing me fairy stories and your guess Bitter, is as good as mine.

 

[oldawg]

Our person in the company who works with DHL in aircraft utilization and planning(?) says that they may park up to 7 more DC-9's this year...but with the USA review and DHL's upcoming decision on their future plans, it is just speculation.

 

[356emain]

Deutsche Post Shares Advance as Chief Faces Probe
By Jann Bettinga, Bloomberg News, Thursday February 14, 2008


Feb. 14 (Bloomberg) -- Deutsche Post AG, Europe's biggest postal service, rose in German trading following news that Chief Executive Officer Klaus Zumwinkel is being probed by prosecutors, prompting speculation an early departure may speed up a revamp. The shares rose as much as 1.14 euros, or 5.3 percent, to 22.79 euros, the biggest gain since Jan. 8, and were up 2.6 percent as of 1:21 p.m. in Frankfurt.

Zumwinkel is subject of an investigation by prosecutors and his office has been searched, Nicole Mommsen, a spokeswoman for Bonn-based Deutsche Post, said by phone today. She declined to comment on a report by Germany's ZDF television station that the CEO, whose contract expires in late November, is being investigated on suspicion of tax evasion.

Deutsche Post is struggling to turn around its unprofitable DHL express-delivery business in the U.S. and has indicated it may decide to sell its retail banking unit Deutsche Postbank AG this year. The company in October brought in logistics-division head John Allan as its new chief financial officer to help bolster investors' confidence after a drop in the share price.

``This investigation will weaken Zumwinkel'' and ``strengthen Allan,'' Andrew Beh, an analyst at Bear Stearns in London, said in a note to investors today. ``The stronger Allan is, the more likely Postbank gets sold to the highest bidder sooner, and the U.S. business is restructured thoroughly.'' Bernd Bieniossek, a spokesman for the Bochum prosecutor's office, said today that raids in Bonn and Cologne were carried out as part of an investigation into suspected tax evasion. He declined to confirm that Zumwinkel is the target of the probe.

Police Escort

Zumwinkel was escorted by police from his home in Cologne today and the area around his house was cordoned off, German television station N24 reported. Police issued a warrant for Zumwinkel's arrest and searched his home in Cologne this morning, ZDF television reported, without saying where it obtained the information. Zumwinkel is suspected of having evaded German taxes by placing more than 10 million euros ($14.6 million) in a bank account in Liechtenstein, according to ZDF.

Frank Appel, Deutsche Post's management board member in charge of the logistics business, will assume Zumwinkel's post for the time being, the Financial Times Deutschland said on its Web Site today, without saying where it got the information. Deutsche Post's Mommsen declined to comment.

`Bad Press'

Zumwinkel, 64, has been at the helm of the German postal service since 1990, overseeing the company's initial public offering more than seven years ago. Newspapers have recently reported he may step down soon. ``Regardless of this investigation, because of the bad press alone Zumwinkel may regard the May 6'' annual shareholders' meeting ``as his last significant involvement with the company,'' Bear Stearns's Beh said. Zumwinkel, who is also the chairman of Deutsche Telekom AG's supervisory board, previously served as the head of Quelle Group, a German mail-order company, and was a senior partner at consulting firm McKinsey & Co.

 

[hvydriver]

Well, Dr. Z isn't in the same league as Larry, but at least he made an effort. :beer:

 

[HeavyjetDC8]

And those Germans have ways of making you talk - he'll soon be singing. Inquisition/torture leading to conviction should be standard practice for all CEOs.

 

[ABXbooger]

New rumor has 23 more 767's coming to ABX. Supposedly from an Asian source.

 

[freighthound]

New rumor has 23 more 767's coming to ABX. Supposedly from an Asian source.

ABX Air, Inc or ABX Holdings?

 

[Clyde]

ABX Air, Inc or ABX Holdings?

BIG difference!

 

[Metro752]

What is the general concenus on how many Abx DC9's DHL will remove from service?

As many as USA Jet will buy!