The Daz attempts to acquire ABX AIR

[HeavyjetDC8]

Relax boys and girls, one carrier represented by one union is going to have tremendous leverage and DHL has deep pockets with which to pay. US Air/ AWA shows how it will go. Lots of variables, some to particular advantage, some not. This could actually be a good deal, a Phoenix rising from the ashes of two train wrecks - assuming Hete can be bulldozed out of the way.

 

[abxaviator]

We ALL HAVE JOBs!!!! DRINK UP GUYS!!! GO ASTAR And ABX AIR. The new company name will be ---

STARBEX. Coffee any one?

I don't drink the stuff, but I like the name!

 

[abxaviator]

LOL You guys crack me up! You should do some reading. Start with the RLA and then then start learning a little about John Dasburg. I don't think your going to like what you find. However I predict that your union will finaly make an effort to at least talk to ALPA. I mean they are working on your next contract.

I'm less worried about the integration than flying with this tool.

 

[Box-Hauler]

Hete will go for the right price. Remember he is now going to be know as "Tokyo Joe". He knows his future is in hauling rubber dog $h!t out of hong kong and not fighting with the yellow monster.

Any thoughts on his starting his own ACMI with the 76's that he says the Asian market loves. Can he get them from ABXAir, does he own the conversion slots at for the cargo doors? What about the Ops Certificate is Astar going to get it or will Joe take it to Japan, it does have CatII/III on it ya know.

Lots of questions, so few answers

P.S. just posted a proffer for 11 more 767 crews. Three classes added. 4 in July 4 in Aug and I think 3 in Sept. That Asian base is going to be huge......

 

[abxaviator]

Not that my Crystal ball is any better than anyone else's, but why in the H*ll would DHL or the ABX shareholders let Hete take the newest aircraft.

As far as the conversion slots, ABX owns those, not Joe.

 

[Box-Hauler]

Not saying the share holders will allow Hete to take any of ABXA property (767) but what about the future deliveries, not to mention any future AA birds. We bought one 76 from AA; what they had a sale on just the one bird, let me guess the other 50 or so are the good ones with new tires on them and low miles right.

Just asking a question. Can Hete get any 767 with doors for a ACMI to do his Asia gig....... He has said repeatedly that Asia is the place to be.

Just trying to figure out if I should decide to bid the 76 and go with Joe to Asia or stick it out and see the knife fight over seniority with Astar........ Decisions, decisions......

 

[penguin22]

Just asking a question. Can Hete get any 767 with doors for a ACMI to do his Asia gig....... He has said repeatedly that Asia is the place to be.

You can bet he'll bargain for exactly that. DHL wants him gone; they'll probably have to give him something to make him disappear..

 

[shooter]

Or maybe……..

Joe says thanks, but no thanks to Daz. That pisses off DHL and Joe says that’s okay DHL, "you need us more than we need you" and he takes the whole operation down to Winston-Salem after ABX buys Pace. Operates all 767 ACMI business throughout Asia, Caribbean and South/Central America forcing one or two rag-tag operators down in FL out of business. After which, DHL is no longer in the express business. Fed-Ex and UPS smile as they watch yellow fade.

What are you laughing at? It could happen….

Joe's interest is for the share holders ONLY. If this is not a good deal (which it is not at 7.75) anything can happen. Money talks.

 

[inplaneview]

Maybe the buyer won't be DHL/ASTAR at all:
By David Mildenberg
June 29 (Bloomberg) -- ABX Air Inc., the air-freight
company that's the target of a $455 million buyout bid by Astar Air Cargo, may attract a higher offer, possibly from a management-led group, an analyst said. ``People are speculating that someone else will come along and buy it,'' analyst David Campbell of Thompson Davis & Co. said in an interview today, a day after closely held Astar disclosed its $7.75-a-share proposal in a letter to ABX's board. Shares of ABX fell 5 cents to $8.02 at 2:45 p.m. New York
time in Nasdaq Stock Market composite trading. They surged 12 percent yesterday to top the bid price. Campbell, who is based in Richmond, Virginia, rates the stock as a ``hold.'' A merger would team two air cargo companies that share Wilmington, Ohio, as their principal air hub and Deutsche Post AG's DHL Express as their dominant customer. ABX is based in
Wilmington; Astar is based in Miami. A call to ABX Chief Financial Officer Quint Turner wasn't immediately returned. ABX said yesterday its board was studying the proposal. The offer is valued at $455 million based on Astar's offering price and ABX's 58.7 million shares outstanding as of May 9.

 

[GoABX]

Everyone assumes that Joe will be given a few 76s for Japan. Joe won't be given anything. If he strips anything out he will have to either offer shareholders a share in a new company or offer something in addition to the Astar offer. It would be a way to offer a premium to the primary offer and get secondary financing. For example, $7.75 from Dasburg and $2.25 from Hete.

Do not assume if Hete leaves for Japan that he is gone for good. The ties between ANA, DHL, and ABX are stronger than most seem to see.

 

[hanginupsidown]

Everyone assumes that Joe will be given a few 76s for Japan. Joe won't be given anything. If he strips anything out he will have to either offer shareholders a share in a new company or offer something in addition to the Astar offer. It would be a way to offer a premium to the primary offer and get secondary financing. For example, $7.75 from Dasburg and $2.25 from Hete.

Do not assume if Hete leaves for Japan that he is gone for good. The ties between ANA, DHL, and ABX are stronger than most seem to see.

I'm with you bro! I'm smellin' mustard and ketchup in Osaka and beyond. This could play well into DHL's asian plans.......Other than mediating the ANA deal, Joe's days are numbered.........

 

[penguin22]

The ties between ANA, DHL, and ABX are stronger than most seem to see.

Yup, I've been gettin the same vibes...

 

[shooter]

Everyone assumes that Joe will be given a few 76s for Japan. Joe won't be given anything. If he strips anything out he will have to either offer shareholders a share in a new company or offer something in addition to the Astar offer. It would be a way to offer a premium to the primary offer and get secondary financing. For example, $7.75 from Dasburg and $2.25 from Hete.

Do not assume if Hete leaves for Japan that he is gone for good. The ties between ANA, DHL, and ABX are stronger than most seem to see.

I agree that there is more to this than we see. How can you buy an airline and expect the operating certificate to "split" and become 2 separate flying companies. It just dont work that way.

 

[flyinboxes]

"Just asking a question. Can Hete get any 767 with doors for a ACMI to do his Asia gig....... He has said repeatedly that Asia is the place to be."

Hete is such a genius. He must read Air Cargo World like me. ASIA IS THE PLACE.

 

[flyinboxes]

Maybe the buyer won't be DHL/ASTAR at all:
By David Mildenberg
June 29 (Bloomberg) -- ABX Air Inc., the air-freight
company that's the target of a $455 million buyout bid by Astar Air Cargo, may attract a higher offer, possibly from a management-led group, an analyst said. ``People are speculating that someone else will come along and buy it,'' analyst David Campbell of Thompson Davis & Co. said in an interview today, a day after closely held Astar disclosed its $7.75-a-share proposal in a letter to ABX's board. Shares of ABX fell 5 cents to $8.02 at 2:45 p.m. New York
time in Nasdaq Stock Market composite trading. They surged 12 percent yesterday to top the bid price. Campbell, who is based in Richmond, Virginia, rates the stock as a ``hold.'' A merger would team two air cargo companies that share Wilmington, Ohio, as their principal air hub and Deutsche Post AG's DHL Express as their dominant customer. ABX is based in
Wilmington; Astar is based in Miami. A call to ABX Chief Financial Officer Quint Turner wasn't immediately returned. ABX said yesterday its board was studying the proposal. The offer is valued at $455 million based on Astar's offering price and ABX's 58.7 million shares outstanding as of May 9.

What Mildenberg doesn't understand.......DHL will not allow anyone else to buy. Why, because they will terminate the ACMI leaving nothing. I dont think he understands the driving force behind this.