ATSG Notified by DHL of Intent to Reactivate CVG Facility.WILMINGTON, Ohio For other places with the same name, see Wilmington (disambiguation). Wilmington is a city in Clinton County, Ohio, United States. The population was 11,921 at the 2000 census. It is the county seat of Clinton County. -- Air Transport Services Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATSG ATSG Automatic Transmission Service Group ATSG Academia Tecnológica de Sistemas de Gestão ATSG Advanced Technologies Support Group ATSG Allied Technical Services Group ATSG Acoustic Test Signal Generator ATSG Appalachian Tectonic Studies Group ) said today that its subsidiary ABX Air bas been informed by DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Express that it plans to move its U.S. gateway and national package sorting operations from Wilmington to the Cincinnati/Northern Kentucky International Airport Cincinnati/Northern Kentucky International Airport (IATA: CVG, ICAO: KCVG) is located in Hebron, unincorporated Boone County, Kentucky, United States and serves the Greater Cincinnati metropolitan area. The first airplane landed at the airport January 10, 1947. in Hebron, Ky. ABX Air has provided air transport and package sorting services at the air park in Wilmington since 1980, first as a unit of Airborne Express and since 2003 as an independent company, operating under two commercial agreements with DHL. The ACMI Agreement, covering air transport services, renews automatically in August 2010 unless a one-year notice of termination is given by either party. The Hub Services Agreement renews annually in August unless a 90-day notice of termination is given by either party. ATSG said it does not expect the DHL announcement to affect 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 Air's ACMI Agreement with DHL. ABX Air will work with DHL to support the transition, which is expected to be completed when the Cincinnati-area facility begins operating in mid- to late summer. After the transition, ABX Air flights under the ACMI agreement will operate from the Cincinnati airport. DHL has stated that all former and current employees at the Wilmington air park will be encouraged to apply for positions at the Cincinnati airport. ABX employees impacted by this move will receive the same severance package and assistance programs as employees previously laid-off as a result of the DHL restructuring program. About Air Transport Services Group, Inc. ATSG is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG's subsidiaries include ABX Air, Inc., Air Transport International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Capital Cargo International Airlines Capital Cargo International Airlines is a cargo airline based in Orlando, Florida, USA. It provides on-demand and wet lease aircraft charter. Its main base is Orlando International Airport[1]. , Inc., Cargo Aircraft Management, Inc., and LGSTX Services, Inc. Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. There are a number of important factors that could cause Air Transport Services Group's ("ATSG's") actual results to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, further reductions in the scope of services that ABX Air is performing under its commercial agreements with DHL and the rate at which those reductions occur, ABX Air's ability to maintain cost and service level performance under its commercial agreements with DHL, and other factors that are contained from time to time in ATSG's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . Readers should carefully review this release and should not place undue reliance on ATSG's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ATSG undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion