ABX Air Files to Intervene In ALPA vs. DHL Lawsuit.Business Editors WILMINGTON, Ohio--(BUSINESS WIRE)--Aug. 25, 2003 ABX Air (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABXA) announced today that it has filed a motion to intervene in a lawsuit between the Airline Pilots Association (ALPA ALPA abbr. Air Line Pilots Association ) and DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Holdings (USA) Inc./DHL Worldwide Express, Inc. ALPA represents the pilot group at Astar Air Cargo ASTAR Air Cargo is an American cargo airline based in Miami, Florida, USA. It operates regularly secheduled cargo charter services to over 34 US airports and nine international airports, as well as worldwide charter freight services. , formerly DHL Airways Company. ALPA has requested injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. that includes having the Airborne, Inc.'s freight currently being flown by ABX Air transferred to Astar Air Cargo. On August 15, 2003, Airborne became an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DHL Worldwide Express and ABX Air became an independent, publicly owned company. Airborne and ABX Air have entered into an aircraft, crew, maintenance and insurance (ACMI) agreement and a hub services agreement pursuant to which ABX Air will transport and sort freight for Airborne. "Our contract with Airborne is clear," stated Joe Hete, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ABX Air. "While we are obviously not a party to the dispute between ALPA and DHL, the interests of our shareholders, employees and the communities that we serve should not be ignored. We firmly believe that ALPA's request for injunctive relief is inappropriate and does not serve the public interest. We could not let this matter progress without taking steps to inform the Court of the serious adverse ramifications ramifications npl → Auswirkungen pl of the remedy that ALPA is seeking." Management at ABX ABX Antibiotics ABX Airborne Express ABX Abstracting ABX Albury, New South Wales, Australia - Albury (Airport Code) ABX Automatic Branch Exchange ABx Non-Antibiotics ABX Asset Backed Securities Index ABX Acoustic Bass Extension is confident that any ALPA action challenging the ACMI agreement between Airborne and ABX Air is not sound and will ultimately be rejected by the Court and/or an arbitrator. ABX Air is a cargo airline that operates out of a privately owned airport in Wilmington, Ohio, and eleven hubs throughout the United States. In addition to providing airlift capacity to Airborne, the company, which has a fleet of 115 airplanes, provides charter services to a diverse group of customers. With over 7,200 employees, ABX is the largest employer in a several county area in southwestern Ohio. Except for historical information, the matters discussed in this release contain forward-looking statements. These forward-looking statements involve risks and uncertainties, as described in the ABX Air Registration Statement on Form S-4, which is on file with the SEC, that could cause actual results or performance to differ materially from the results discussed in the forward-looking statements. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information, including, but are not limited to, maintaining regulatory approval, the ability to successfully obtain new business, obtaining adequate liquidity, risks associated with maintaining a fleet of aircraft and the trading liquidity of ABX Air, Inc.'s shares, domestic and international economic conditions, the results of pending legal and contractual disputes, the impact of war and terrorism on the air package delivery business, competitive pressure, cost cutting initiatives, improving operating margins and productivity, changes in customers' shipping patterns, and other risks and uncertainties. |
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