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

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Wilmington-based ABX has been operating the aircrafyt on behalf of DHL under an existintg agreement that expires inAugust 2010. The new according to a March 18 memorandum of also would give DHL an optiojn to lease up to four additional The March memorandum of understanding provided that either partuy could terminate the MOU after April 10 if the partiesd did not enter into a definitive agreemenr bythat date. That potential termination date was extended Aprio 9 untilApril 30. According to a filingt with theon Friday, the parties have now extende d it further until May 15. “DHL and ABX are continuingb to work through thetransaction documentation,” the statemen said.
ABX Air provides air cargo and package sortinvg services for DHL at the WilmingtobnAir Park. DHL recently announced that it will shiftits U.S. air cargo hub back to a smaller facility atthe Cincinnati/Northerbn Kentucky International Airport later this year. The German shippingg giant mothballed the Northern Kentucky facility in 2005 when it movedd the air cargo and sortinb operations to Wilmington afteracquiringb . Last year, the company begann winding downits U.S. domestic packagre delivery operations, which were losinvg billions ofdollars annually.
The company has decidee to focus instead on international shipments into and out ofthe