ABX AIR ENTERS INTO A WATERSHED ACMI AGREEMENT WITH ALL NIPPON
AIRWAYS CO.
WILMINGTON, Ohio - May 1, 2007 - ABX Air (NASDAQ:ABXA)
reported today that it entered into an ACMI Agreement to operate
two 767-200 aircraft for All Nippon Airways Co. (ANA). The
two-year agreement, with an option for annual renewals, begins
May 15, 2007. It will support ANA's cargo operations throughout
the Asian market including Japan, China and Thailand. ABX Air
had announced on February 8 that it was in discussions with ANA.
This watershed agreement marks the first time the Japanese Civil
Aviation Bureau (JCAB) has approved a foreign carrier to conduct
cargo aircraft operations on behalf of a Japanese airline.
Revenue from this ACMI Agreement is expected to be approximately
$22 million on an annualized basis for the two aircraft.
"We are honored to have been granted this authority and are
excited at the prospect of entering the Asian market," President
and CEO
Joe
Hete said. "The Asian economy is the fastest growing market
in the world, and this agreement underscores ABX's commitment to
grow its presence as an international provider of aircraft and
aircraft-related services."
ABX Air is a cargo airline that operates out of Wilmington,
Ohio, and 17 hubs throughout the United States. In addition to
providing airlift capacity and sort facility staffing to DHL,
ABX Air provides charter, maintenance and package handling
services to a diverse group of customers. ABX is the largest
employer in a several-county area in southwestern Ohio.
Except for historical information contained herein, the
matters discussed in this release contain forward-looking
statements that involve risks and uncertainties. ABX Air, Inc.'s
actual results may differ materially from the results discussed
in the forward-looking statements. There are a number of
important factors that could cause the company's actual results
to differ materially from those indicated by such
forward-looking statements. These factors include, but are not
limited to ABX Air's ability to meet its obligations under the
ACMI Agreement with ANA, and other factors that are contained
from time to time in ABX Air's filings with the U.S. Securities
and Exchange Commission, including the company's Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q. Readers should
carefully review this release and should not place undue
reliance on the company's forward-looking statements. These
forward-looking statements were based on information, plans and
estimates as of the date of this release. ABX Air undertakes no
obligation to update any forward-looking statements to reflect
changes in underlying assumptions or factors, new information,
future events or other changes.