Air Cargo News.

 
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Jul 30, 2007

Bill requires cargo screening for passenger airlines. Congressional negotiators have agreed on a compromise bill requiring commercial cargo to undergo security screening before being loaded on to passenger flights. Jul 27, 2007

ABX Air

ABX Air "unanimously rejected" Astar Air Cargo's proposal to acquire it for more than $450 million in cash. ABX and Astar are DHL's primary subservice carriers in the US and the latter late last month issued an "indication of interest" to purchase the former and merge their air operations, which both are based at DHL's Wilmington, Ohio, hub . In a letter to Astar Chairman, President and CEO John Dasburg, ABX President and CEO Joe Hete wrote that the board had examined Astar's proposal and "decided to reject your overture as it would not deliver adequate value to our stockholders relative to the value creation opportunity in the company's business plan." Jul 25, 2007

ABX Air

ABX Air announced that its Board of Directors has reviewed ASTAR Air Cargo Holdings, LLC's unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal as not being in the best interest of ABX Air stockholders. Jul 23, 2007

ABX Air, Astar Air Cargo

Astar Air Cargo yesterday withdrew its "indication of interest" in acquiring fellow DHL subservice carrier ABX Air for more than $450 million in cash. The move came a day after ABX President and CEO Joe Hete informed Astar Chairman, President and CEO John Dasburg that the proposed acquisition had been "unanimously rejected" by ABX's board. Dasburg wrote yesterday in a brief letter to the ABX board that Astar's proposed offer of $7.75 per share represents "a full and fair price and is generous." Rather than increasing the offer, Astar's board "unanimously determined to pursue other alternatives and we are, therefore, withdrawing our indication of interest," he wrote. Both airlines' operations are based at DHL's primary US air hub in Wilmington, Ohio. Jul 26, 2007

Djibouti Airlines, Antonov

Djibouti Airlines An-26 crashed Monday near Shinile, Ethiopia, killing one passenger. There were 13 passengers and six crew onboard the cargo flight, which departed Dire Dawa, Ethiopia, and was on its way to Djibouti City, according to the Flight Safety Foundation's Aviation Safety Network. The aircraft reportedly suffered engine problems and was attempting an emergency landing when it crashed. Jul 25, 2007

FedEx

FedEx freight trucking operations, FedEx...

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