Company Watch - ABX Air.

Aug 13, 2007

ABX Air, Inc. today reported solid financial results compared with the second quarter of 2006, as pre-tax earnings from its rapidly growing, higher-margin air charter business more than offset reductions in pre-tax earnings from its commercial agreements with DHL. Aug 9, 2007

ABX Air yesterday agreed to purchase a Boeing 767-200ER from Air China and convert it to a freighter for long-haul international operations. The Wilmington, Ohio-based cargo carrier projected the total cost to purchase, modify and put the aircraft into revenue service at approximately $23 million. ABX primarily operates as a DHL subservice carrier in the US but is eager to grow non-DHL operations outside North America. "We continue to expand our presence in the ACMI charter industry and look forward to adding this aircraft to our 767s already deployed with ACMI customers serving the South American and Asia/Pacific markets," President and CEO Joe Hete said. The 767 will be delivered to ABX Air in the fourth quarter and then sent to VEM Maintenance & Engineering in Brazil for cargo conversion. It is expected to enter service in the second quarter of 2008, likely becoming the 43rd 767 in ABX's fleet. Aug 7, 2007

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