Tag: DHL Airways

Judge rejects Deutsche Post counter-subpoenas

Posted by | Jul 16, 2003 | |

The Department of Transportation on Tuesday rejected the latest bid by Deutsche Post World Net and DHL International to force the chief executives of U.S. rivals FedEx Corp. and United Parcel Service to testify in the dispute over the ownership of DHL’s cargo airline. Deutsche Post and DHL had sought to subpoena Fred Smith, chairman and chief executive of FedEx, and Mike Eskew, chairman and chief executive of UPS, in response to the subpoenas of their chief executives issued by the administrative law judge in the case.

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DHL Airways sale may aid purchase of Airborne unit

Posted by | Jul 15, 2003 | |

A U.S. investment group completed the purchase of DHL Airways yesterday, a move company officials hope will ease concerns about the sale of part of Seattle-based Airborne Express to DHL Worldwide.

The group paid $57 million for DHL Airways, which will operate as ASTAR Air Cargo and be based in Miami. The company will be led by DHL Chairman and Chief Executive John Dasburg.

The sale of Airborne’s ground-delivery service to DHL Worldwide raised concern with Airborne rivals Federal Express and United Parcel Service, which complained to the U.S. Department of Transportation that a foreign company controlled DHL Airways.

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U.S. investment group acquire DHL Airways

Posted by | Jul 14, 2003 | |

Chairman and Chief Executive Officer John Dasburg and a U.S. investor group have completed the acquisition of DHL Airways, the cargo charter airline announced today. The completion of this transaction solidifies the airline’s U.S. ownership, control and management.

The other members of the Dasburg-led investment group are Richard C. Blum, Chairman of San Francisco-based Blum Capital Partners, L.P., a leading private equity firm, and Michael R. Klein, a Washington, D.C. business executive and lawyer who is co-founder and Chairman of the Board of Directors of CoStar Group, Inc. ASTAR Air Cargo will remain a privately held company.

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FedEx, UPS want Deutsche Post, DHL execs held in contempt

Posted by | Jul 1, 2003 | |

The trans-Atlantic dispute among the world’s package delivery giants over the ownership of DHL Airways has grown even nastier. FedEx Corp. and United Parcel Service have asked the administrative law judge overseeing the case to hold the chief executives of Deutsche Post World Net and DHL International in contempt for refusing to comply with the judge’s order to testify about their relationship with DHL Airways, a U.S.-based cargo airline with approximately 34 aircraft. Deutsche Post and DHL, in turn, have asked the judge to quash the subpoenas ordering Klaus Zumwinkel, chief executive of Deutsche Post, and Uwe Doerken, chief executive of DHL International, to testify.

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DHL Airways sale won't close today

Posted by | Jun 30, 2003 | |

The sale of DHL Airways to an investor group led by the carrier’s chief executive will not close today as the airline had previously announced. Ray Lutz, vice president for business development and strategic planning at the carrier, said, “We’re doing everything we can to make it happen. A lot of stuff has to be done, and a lot of people are working very diligently.” Lutz declined to forecast when the sale will be completed, saying, “I don’t have a timetable for you.”

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