Israeli key air cargo gateway hit by missile attack, and Houthis warn of more
Airlines have suspended services into Israel’s key gateway of Ben Gurion, after a missile attack ...
© Photodynamx
Yesterday’s news that ATSG has won a deal with Amazon to operate 20 767s – and that the e-tailer could buy a near-20% share in the aviation group – may not have played out well at rival ACMI operator Atlas Air.
It’s not the best of times to be an investor in Atlas Air Worldwide, but that should not come as a big surprise: it’s been a tough ride for a while for shareholders, as the chart here shows.
ATSG’s shares rose more than 20% ...
Comment on this article
George May
March 10, 2016 at 3:29 pmAnd add to that the extremely upset crew force too!
Alex Lennane
March 10, 2016 at 5:22 pmAlessandro says: “Many carriers in the US have problems with crew. I am not sure that adds risk, but surely it is a problem.”
Can you say why the crew is extremely upset?
Disgruntled Atlas Pilot
March 10, 2016 at 7:00 pmhttp://www.atlasfacts.org/
This should give you a brief idea.
Alessandro
March 11, 2016 at 2:50 pmIt’s not unusual in the industry and in deal-making but thanks much for sharing the link. DA Pilot!
M
March 11, 2016 at 1:45 pmWhat would you specify as the largest remains legal concern(s) ? Thanks.
Alessandro
March 11, 2016 at 2:45 pmIt’s all in the 10k, M.
Alex Lennane
March 11, 2016 at 2:52 pmAs Alessandro wrote in his original piece, which was edited: Atlas says that pursuant to the antitrust settlement, Polar had agreed to make instalment payments over three years to settle the plaintiffs’ claims, with payments of $35m paid on 15 January 2016, $35m due on or before 15 January 2017, and $30m due on or before 15 January 2018, resulting in an accrual of $100m as of 31 December 2015.
The United States District Court for the Eastern District of New York issued an order granting preliminary approval of the settlement on 12 January 2016, but the settlement is still subject to final court approval.
M
March 11, 2016 at 3:11 pmYes. Aware of that outcome, but the article left me with the impression there is more likely and unresolved litigation.
Alex Lennane
March 11, 2016 at 3:56 pmSorry, no, not that we know of. It’s just that the settlement is still subject to final agreement by the court. (Although with many companies using the airlines as a legal cash cow, we wouldn’t be surprised if any of the airlines were subject to even more litigation.)
M
March 11, 2016 at 5:25 pmGreat. Thank you for clarification.