2007 Press Release Archive

ABX COMPLETES CHI ACQUISITION AND HOLDING COMPANY FORMATION
(12/31/07) ABX Holdings, successor to ABX Air, announced today that it has completed its previously announced holding company reorganization and plan to acquire CHI for $332 million in cash and common shares of ABX Holdings.

VEM DELIVERS THIRD CONVERTED B767 TO ABX AIR
(12/28/07) The third of three ABX Air B767-200 airplanes converted at VEM Maintenance and Engineering's Conversion Center in Porto Alegre, registration number N741AX, was delivered on December 14 after a successful test flight.

ABX AIR TO PROVIDE ADDITIONAL AIRLIFT FOR DHL NETWORK
(12/26/07) ABX Air announced today that it has agreed to provide two of its 767-200 freighter aircraft in support of DHL's U.S. air network during 2008, extending further its position as the primary provider of domestic airlift to DHL.

ABX AIR, DHL AGREE TO ARBITRATION
(11/16/07) ABX Air said today that it and DHL have agreed to arbitrate a dispute concerning allocation of certain overhead expenses, and that DHL has paid ABX Air $8.8 million in budgeted expense reimbursements previously withheld.

ABX AIR REPORTS THIRD QUARTER 2007 RESULTS
(11/14/07) ABX Air today reported revenues of $286.0 million and net earnings of $2.4 million, or $0.04 per share, for the third quarter of 2007.

ABX AIR TO HOST THIRD QUARTER CONFERENCE CALL
(11/14/07) ABX Air today announced that it will host an investor conference call to review its financial results for the third quarter ended Sept. 30, 2007, on Friday, Nov. 16, 2007, at 10:30 a.m. Eastern time.

ABX AIR ISSUES DEFAULT NOTICE TO DHL
(11/9/07) ABX Air today said it considers its principal customer, DHL, tto be in default under terms of two agreements, and that ABX Air is reviewing its options while continuing to maintain full service to DHL and its customers.

ABX AIR TO ACQUIRE CARGO HOLDINGS INTERNATIONAL
(11/2/07) ABX Air announced today that it has agreed to acquire Cargo Holdings International, Inc. (CHI), a privately held provider of outsourced air cargo services, in a transaction valued at approximately $350 million.

ERRANT AVOCET AT THE AIR PARK
(9/13/07) Late last month, ABX Air Environmental Compliance Assistant Eric Davenport found an American Avocet at the Air Park's stormwater treatment plant on Jenkins Road.

ABX AIR GROWING ACROSS THE NATION
(9/4/07) ABX Air is expanding its work force in several locations across the United States.

ABX AIR, INC. REPORTS SECOND QUARTER FINANCIAL RESULTS
(8/9/07) ABX Air today reported solid financial results compared with the second quarter of 2006.

ABX AIR PURCHASES EXTENDED-RANGE BOEING 767 AIRCRAFT
(8/6/07) ABX Air said today it has agreed to purchase from Air China Limited a B767-200 extended-range aircraft equipped with two Pratt & Whitney JT9D-7R4E engines.

ABX AIR TO HOST SECOND QUARTER CONFERENCE CALL
(8/3/07) ABX Air today announced that it will host an investor conference call to review its financial results for the second quarter on Friday, Aug. 10, 2007, at 10:00 a.m. Eastern time.

ABX UNANIMOUSLY REJECTS UNSOLICITED INDICATION OF INTEREST FROM ASTAR
(7/24/07) ABX Air today announced that its Board of Directors has reviewed ASTAR Air Cargo Holdings' unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal.

UNITEDHEALTH GROUP HONORS ABX FOR MAKING HEALTH CARE MORE ACCESSIBLE
(7/23/07) UnitedHealth Group today announced that ABX Air, Inc. has received a 2007 Apex Award, an honor given to employers in recognition of exceptionally innovative health care benefits strategies.

ABX AIR RESPONDS TO ASTAR'S LETTER DATED JULY 16, 2007
(7/17/07) The ABX Air Board of Directors has been conducting an evaluation of the indication of interest previously proposed by ASTAR on June 26, 2007.

ABX AIR CREATES CHIEF OPERATING OFFICER POSITION
(7/10/07) ABX Air announced today that it has hired John Graber, an airline industry veteran, to fill the new position of Chief Operating Officer.

ABX AIR RECEIVES UNSOLICITED INDICATION OF INTEREST FROM ASTAR AIR CARGO
(6/28/07) ABX Air today acknowledged the receipt of an unsolicited indication of interest from ASTAR Air Cargo Holdings, LLC to acquire all of the outstanding shares of ABX Air for $7.75 per share in cash.

ABX AIR HOLDS ANNUAL SHAREHOLDERS MEETING
(5/9/07) Shareholders of ABX Air (NASDAQ:ABXA) re-elected three directors, ratified the appointment of auditors and turned down two stockholder proposals at their annual meeting today.

ABX AIR REPORTS FIRST QUARTER RESULTS
(5/9/07) ABX Air today reported net earnings of $4.3 million, or $0.07 per common share, and revenues of $288.1 million for the first quarter of 2007.

ABX AIR ANNOUNCES PROMOTIONS, NEW MANAGEMENT
(5/2/07) ABX Air is pleased to announce the promotion of several employees, as well as the addition of new members of the management staff.

ABX AIR ENTERS INTO A WATERSHED ACMI AGREEMENT WITH ALL NIPPON AIRWAYS CO.
(5/1/07) ABX Air reported today that it entered into an ACMI Agreement to operate two 767-200 aircraft for All Nippon Airways Co. (ANA).

ABX AIR TO HOST FIRST QUARTER CONFERENCE CALL
(5/1/07) ABX Air today announced that it will host an investor conference call to review its financial results for the first quarter on Thursday, May 10, 2007, at 10:00 a.m. Eastern time.

ABX AIR RECRUITING AT WILMINGTON COLLEGE
(4/16/07) A joint Student Work Program between ABX Air and Wilmington College provides an opportunity for college students to earn not only an hourly wage but also scholarship dollars toward tuition.

SMETHWICK RETIRES FROM ABX AIR
(4/4/07) Rusty Smethwick, Vice President of Air Park Services at ABX Air for over 17 years, retired last month.

ABX AIR PURCHASES BOEING 767 AIRCRAFT
(3/22/07) ABX Air today said it has agreed to purchase a Boeing 767-223 aircraft formerly operated by American Airlines and will convert it from passenger to freighter configuration.

ABX AIR RECOGNIZES EXCELLENT ATTENDANCE
(3/12/07) Over 1,000 ABX Air employees were recognized recently for excellent attendance in 2006. Five have earned excellent attendance recognition for at least 20 consecutive years.

ABX AIR EMPLOYEES RECOGNIZED BY UNITED WAY
(3/8/07) Two ABX Air employees earned recognition from the United Way at their recent awards dinner for their contributions in 2006. Jim Newell and Ricky McElwee received Certificates of Appreciation.

ABX AIR AWARDS GOLD WINGS OF EXCELLENCE
(3/5/07) Five ABX Air employees were awarded the company's top honor recently.

ABX AIR REPORTS INCREASED EARNINGS FOR QUARTER AND YEAR
(2/21/07) ABX Air today reported net earnings of $68.9 million for the fourth quarter and $90.1 million for the year ended December 31, 2006.

ABX AIR TO HOST FOURTH QUARTER, YEAR-END CONFERENCE CALL
(2/20/07) ABX Air today announced that it will host an investor conference call to review its financial results for the fourth quarter and year-end 2006 on Thursday, February 22, 2007, at 10:00 am Eastern time.

ABX AIR RELAY FOR LIFE TEAM RECOGNIZED
(2/19/07) A banner recognizing ABX Air as a Nationwide Team of Excellence in the American Cancer Society (ACS) Relay for Life now resides at ABX Air headquarters in Wilmington, Ohio.

ABX AIR EMPLOYEES DONATE OVER $116,000 IN CHARITY DRIVE
(2/12/07) ABX Air's employees stepped up again this year to "Take Time for Giving" in the annual fall charity drive, netting $116,000 for local charities.

ABX AIR CONFIRMS DISCUSSIONS WITH ALL NIPPON AIRWAYS
(2/8/07) ABX Air today today confirmed reports that it is in discussions with All Nippon Airways (ANA) concerning the leasing of ABX Air Boeing 767 freighter aircraft to ANA for use in the Asia market.