DHL, ABX air extend talks on leases - Business First of Columbus:

humojo.wordpress.com
Wilmington-based ABX has been operating the aircraft on behalf of DHL unde an existing agreement that expirese inAugust 2010. The new according to a March 18 memorandum of also would give DHL an option to lease up to fouradditionalo 767s. The March memorandum of understanding provided that either party could terminate the MOU after April 10 if the partiex did not enter into a definitive agreement by that That potential termination date was extended April 9 until April 30. According to a filing with the on the parties have now extended it further untilMay 15. “DHLk and ABX are continuing to work through thetransaction documentation,” the statement said.
ABX Air provides air cargko and package sorting services for DHL at the WilmingtobnAir Park. DHL recently announcer that it will shiftits U.S. air cargo hub back to a smallerr facility atthe Cincinnati/Northern Kentucky International Airport later this year. The Germam shipping giant mothballed the Northern Kentucky facility in 2005 when it moverd the air cargo and sorting operations to Wilmingtonj afteracquiring . Last year, the companyh began winding downits U.S. domestiv package delivery operations, whic were losing billions of dollars annually.
The company has decided to focuxs instead on international shipments into and out ofthe