Tag: Germany

AHS Aviation Handling Services GmbH Company Profile

Posted by | Jun 21, 2002 | |

AHS Aviation Handling Servics, Hamburg, is present at eleven inernational airports in Germany. Its service portfolio includes passenger handling, operations, ticketing and travel agency services. In future, the company also intends to act as a central sales agent for ground handling services and offer aircraft loading and unloading, cleaning and passenger and crew transport. The company is jointly owned by the airports of Hamburg (40%), Hannover (40%) and Bremen (20%). It currently employs about 600 throughout Germany.

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DPD fulfils its promise

Posted by | Jun 21, 2002 | |

We are entering a new dimension with this product.>> Claude Béglé chairman of DPD’s supervisory board, told journalists in Hamburg when describing the process that has now reached a climax after months of detailed preparations. In the course of developing the new product, DPD gained a great deal of valuable experience with its Garan tiepaket 24. a next-day delivery service that it launched in its home market of Germany in the middle of 2000 as a high quality product with a high level of security.
DPD’s French parent group, La Poste. and the U.S-based integrator FedEx signed a cooperation agreement in summer 2001. As a result, DPD now has access to the international network (including air services) operated by Federal Express (FedEx).

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DIT Duisburg Intermodal GmbH

Posted by | Jun 21, 2002 | |

DIT Duisburg Intermodal GmbH was founded in Duisburg at the end of May. The terminal operator will start operations on October 1 this year and will be responsible for marketing and managing the eponymous terminal, which is situated in the Logport area of Duisburg-Rheinhausen. The awarding authority for the construction contract and investor is Hafen Duisburg-Rheinhausen GmbH, which launched a tender competition for the projects construction in November 2001. Partner in the operating company are the UK based P&O group and the Rhenus group with a stake of 37.5% each and Duisburger Hafen AG with 25%. The capacity of the first phase is 200,000 TEU.

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Deutsche Post decision hits deals pipeline

Posted by | Jun 21, 2002 | |

The new issues pipeline was hit by news that Deutsche Post, the German mail operator, decided to postpone the roadshow for its debut benchmark bond deal worth ý1bn which it intended to place on the market in the coming weeks.
The roadshow was postponed after the European Commission on Wednesday confirmed it would have to pay back ý572m to the State of Berlin after it used the state aid to subsidise some of its lossmaking businesses.
Bankers now expect the deal, which carries an Aa3 rating by Moody’s Investors Service, to happen either in July or September.

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EU seeks repayment of Deutsche Post funds

Posted by | Jun 20, 2002 | |

The European Commission cracked down on Deutsche Post AG for the third time in little over a year Wednesday by ordering the repayment of what it said was EUR 572 million ($540 million) in illegal state aid.
The commission’s anti-monopoly authorities found that the national post office, which is majority owned by the government, used state funds from 1994-1998 to undercut rivals in its unprofitable package-delivery business. While domestic mail delivery remains a monopoly in Germany, parcel services have been open to competition for years.
“This decision is a victory for fair competition and customer choice,” said Anton van der Lande, an executive in Brussels for a rival delivery firm, United Parcel Service. UPS instigated the commission’s investigation when it filed a legal complaint in 1994.

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