Air Cargo News.

Jul 23, 2007

Astar Air Cargo, ABX Air

Astar Air Cargo yesterday extended the deadline for a response from ABX Air to its "indication of interest" to acquire its fellow DHL subservice carrier for more than $450 million in cash to July 27, noting it has been assured that ABX's board will meet with legal and financial advisers on June 20 to consider the proposal and formulate a response Jul 19, 2007

Astar Air Cargo, ABX Air

Astar Air Cargo Chairman. President and CEO John Dasburg yesterday said that ABX Air has not yet responded to Astar's "indication of interest" in acquiring its fellow DHL subservice carrier for $450 million in cash and set a deadline of the close of business July 18 for a response. In a letter sent to the ABX board yesterday, Dasburg noted that the formal indication of interest sent late last month came after a number of informal discussions between himself and ABX President and CEO Joe Hete about a potential merger and that ABX should be able to issue a "meaningful response" by Wednesday. He added that Astar would withdraw its indication of interest absent a reply. Jul 17, 2007

Global Aero Logistics

Unionized pilots at World, NAA and ATA combined to issue a joint statement saying they will use "all legal means necessary to enforce their respective contractual rights" and will not "tolerate" any attempts by management to "pit one group against another." Global Aero Logistics has said it will operate the three airlines independently. The merger remains subject to US government approval. Jul 19, 2007

Icelandair

The governments of Iceland and Canada have signed an Open Skies agreement to permit scheduled air services for passenger and all-cargo traffic between Canada and Iceland, effective immediately. The new agreement replaces the Memorandum of Understanding on Air Services that has allowed operations to Canada by Icelandair, the flag carrier of Iceland, since 1995. Additional Canadian gateways are under consideration for future development. Jul 20, 2007

Shanghai SR Aircraft Technics

Shanghai SR Aircraft Technics it will provide line maintenance services for Singapore Airlines's 747F cargo operations at the airport. Jul 16, 2007

Unisys

Unisys was selected by the US Cargo Sales Joint Venture to provide "a broad range of IT outsourcing support services" for the organization. USJV is an alliance of Delta Air Lines, Air France and Korean Air offering cargo-related services in the US. Under the terms of the contract, Unisys will provide USJV with outsourced data center, security, network and desktop management services over a three-year period. Jul 19, 2007

UPS, Boeing

UPS took delivery of its first GE CF6-80C2B5F powered Boeing 747-400F, which it plans to deploy on international services to the Asia/Pacific. The company will take delivery of two more 747-400Fs this year and five in 2008. In addition, it will acquire five of the type from other carriers by 2010, bringing its total 747-400F fleet to 13. The 747-400F has a payload of 273,300 lb. with a range of 4,400 nm. It has 30 load positions on its main deck and can carry 32 smaller containers on the lower deck. It will be the first freighter in the UPS fleet with a hinged nose. Jul 20, 2007

World Airways, ATA Airlines, Global Aero Logistics

World Air Holdings said yesterday that its stockholders "overwhelmingly indicated their support" for a merger agreement that would see WAH, parent of World Airways and North American Airlines, acquired by ATA Airlines parent Global Aero Logistics. Stockholders voted by a 98% to 2% margin to approve the transaction and WAH said it anticipated the deal will close by the end of the current quarter. Jul 19, 2007

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