Tag: Air Transport

Analysts say Airborne deal faces tough battle

Posted by | Apr 7, 2003 | |

Industry analysts say DHL Worldwide’s proposed acquisition of Airborne Inc. will receive intense scrutiny from the U.S. Department of Transportation. Greg Burns of J.P. Morgan Chase believes the deal will be approved because of its impact on competition despite fierce opposition from FedEx Corp. and United Parcel Service. Other analysts were more skeptical. Scott Flower of Salomon Smith Barney gave the deal a 60 percent chance of approval, but noted that it will also be subject to political pressures.

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DHL: Airborne deal not contingent on DOT approval

Posted by | Apr 4, 2003 | |

DHL Worldwide plans to go ahead with its purchase of Airborne Inc. even if the U.S. Department of Transportation rejects the deal. If Airborne and DHL, which is owned by Deutsche Post World Net of Germany, cannot obtain DOT approval, DHL would acquire all of Airborne and then transfer Airborne’s freighter fleet to a third-party operator, according to James Valentine, an analyst with Morgan Stanley.

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Dasburg, former Northwest CEO, to run US DHL Airways

Posted by | Mar 18, 2003 | |

John Dasburg, the former chief executive of Northwest Airlines Corp is taking to the skies again. DHL Airways, a closely held company that runs 40 aircraft from its Cincinnati/Northern Kentucky hub, on Tuesday named Dasburg chairman and chief executive, effective April 1. Dasburg, 60, will replace Joseph O’Gorman, who died in August. Roy Moulton has served as acting chairman at DHL, which provides all-cargo scheduled and charter services on a contract basis for DHL Worldwide Express.

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