DHL Airways Announces Relocation of Corporate Headquarters to Miami, Florida.

Business Editors

MIAMI--(BUSINESS WIRE)--April 29, 2003

DHL Airways, Inc., a leading U.S. provider of air cargo services, today announced the relocation of its corporate headquarters to Miami, Florida from Chicago, Illinois. Effective May 15, 2003, the company will assume corporate operations at One Biscayne Tower in downtown Miami.

"Chicago is truly a city that works and it has afforded DHL Airways a great business climate to grow and prosper in," said Chairman and Chief Executive Officer John H. Dasburg. "However, we have restructured the management team for DHL Airways and given the geographic locations of several of our members, it just makes good sense to relocate our headquarters location."

"Florida's unparalleled support for growing businesses, as well as the economic and geographic benefits offered by the City of Miami and Miami-Dade County, made the choice to move our operations clear and simple," said Dasburg. "Governor Bush, Mayor Alex Pinelas and Mayor Manny Diaz deserve a great deal of credit for making Florida and Miami an attractive place to do business."

"We're excited to have DHL Airways as the newest corporate resident of Florida," said Governor Bush. "Their decision to move is evidence of an extremely supportive business community in South Florida, a resilient economy, and a state that values innovation, corporate excellence and entrepreneurial spirit."

Dasburg noted that the state's low cost of living, highly educated workforce, and vibrant, multi-cultural business community were key factors for DHL Airways. "The move to Miami is good not only for our business, it is good for our employees and their families," said Dasburg.

DHL Airways has over 1,000 employees nationwide. Twenty-two corporate executives and staff will operate out of the company's new Miami location and additional hiring is anticipated in the next several months. The company will continue to direct its flight operations out of its hub airport, the Cincinnati/Northern Kentucky International Airport. All of the Company's Chicago-based employees will be offered opportunities to continue their careers with the airline at another DHL Airways location.

The new contact information for the DHL Airways headquarters, effective May 15, 2003, will be:

    DHL Airways, Inc.
    Two South Biscayne Boulevard
    Suite 3663
    Miami, Florida 33131

    Phone and Facsimile numbers are pending.

About DHL Airways

DHL Airways, Inc. is a licensed U.S. air carrier operating a fleet of 40 aircraft from its hub at the Cincinnati/Northern Kentucky International Airport. The airline provides all-cargo scheduled and charter services on a contract basis for the DHL Worldwide Express network and charter services for other customers.