Court Approves ABX Purchase Of 11 762s From Delta | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** AIRBORNE 05.17.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.17.13 **

** AIRBORNE 05.14.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.14.13 **

** AIRBORNE 04.01.13 SPECIAL EDITION of Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 04.01.13 SPECIAL EDITION **

Wed, Dec 07, 2005

Court Approves ABX Purchase Of 11 762s From Delta

ABX Air announced Monday a US bankruptcy court had approved the company's purchase of eleven Boeing 767-200 passenger aircraft from Delta Air Lines.

The Wilmington, OH-based cargo outfit announced in early September that it had entered into an agreement with Delta for the purchase of the 11 aircraft, shortly before Delta filed for Chapter 11 bankruptcy protection on September 14. Delta thereafter filed a motion with the U.S. Bankruptcy Court for the Southern District of New York requesting the approval of the sale of the aircraft, subject to higher bids at an auction. No bids were received.

On November 29, Judge Prudence Carter Beatty signed an order approving the sale of the 11 aircraft in accordance with the agreement.

ABX Air became an independent public company in 2003, as a result of the separation from its former parent company, Airborne, Inc., which was acquired by DHL Worldwide Express B.V. The company currently operates 111 aircraft.

FMI: www.abxair.com

Advertisement

More News

ANN's Daily Aero-Linx (05.18.13)

Fun Places To Fly All gassed up and no place to go? "Fun Places To Fly" has an ever growing list of Aviation Events and Fun Places to Fly, provided by pilots like you who love avia>[...]

ANN's Daily Aero-Term (05.18.13): Differential Ailerons

Control surface rigged such that the aileron moving up moves a greater distance than the aileron moving down. The up aileron produces extra parasite drag to compensate for the addi>[...]

Aero-News: Quote Of The Day (05.18.13)

"While the IRS will complete open audits, management companies can be secure in the fact that while additional guidance is developed, they will not face potentially crippling tax a>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Online Fundraising Campaign Underway To Restore SF Fleet Week Air Show

Crowdfunding Effort Has A Goal Of $800,000 Online fundraising efforts called "Crowdfunding" are all the rage these days, with entrepreneurs using the campaigns to raise money to es>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2013 Web Development & Design by Pauli Systems, LC