Tag: DHL Airways

US urges Congress to ease airline ownership limits

Posted by | Jun 2, 2003 | |

Transportation Secretary Norman Mineta urged Congress on Monday to approve a plan to ease limits on foreign ownership of U.S. carriers to give struggling airlines greater access to capital. In a proposal submitted last month to lawmakers considering omnibus aviation legislation, the Bush administration sought approval to raise the limit on how much of a U.S. airline’s voting stock can be held by a foreign entity from 25 percent to 49 percent. But the proposal would not let foreign investors control a U.S. airline, continuing a policy supported by many members of the House of Representatives and Senate who are concerned too much foreign influence would run counter to U.S. interests.

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UPS and Fedex set to pounce on DHL court filing

Posted by | May 29, 2003 | |

DHL Airways will clarify its ownership and operational structure in a filing today with the Department of Transportation. Opponents FedEx and United Parcel Service expect to use the filing to bolster their case that the air carrier is controlled by German distribution group, Deutsche Post. The documents were ordered by Ronnie Yoder, the DoT’s chief administrative law judge, in a preliminary hearing on Tuesday. Judge Yoder is proceeding with a public hearing on August 19 to determine if DHL Airways, based in Miami, violates US laws limiting foreign ownership and control of US carriers.

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DHL Airways to re-brand as Astar Air Cargo

Posted by | May 27, 2003 | |

DHL Airways today announced that the Miami-based cargo airline is launching a re-branding program, and changing its name to ASTAR (pronounced A-Star) AIR CARGO, INC. The re-branding will commence immediately and the name change will become effective upon completion of the acquisition of DHL Airways by a U.S. investor group led by Chairman and CEO John Dasburg. In the coming months, the charter cargo airline will incorporate the ASTAR name and logo throughout all of its marketing and operations functions.

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DHL Airways sells off to investor group for USD57 million

Posted by | May 22, 2003 | |

DHL Worldwide Express has agreed to sell its DHL Airways unit to an investor group led by John Dasburg, chairman and chief executive of the U.S. airline, for USD57 million. The deal, which is expected to close by June 30 subject to approval by the U.S. Department of Transportation, is unlikely to silence claims by rivals FedEx Corp. and United Parcel Service that the airline does not comply with U.S. ownership laws.

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Deutsche Post boss confident on Airborne takeover

Posted by | May 19, 2003 | |

Deutsche Post’s top executive on Monday said he didn’t think a probe by U.S. regulators would block the German mail and express company’s USD1.1 billion takeover of Airborne Inc. “The takeover is legally OK. We’re relaxed about it,” Chief Executive Klaus Zumwinkel said at an industry conference in Bonn. Deutsche Post plans to spin off Airborne’s airline assets into DHL Airways, an independent company that it says complies with U.S. laws requiring American ownership of domestic carriers.

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