April 6, 2016
Pilots flying DHL express cargo prepare for strike
Voting process to begin Wednesday, April 6
NATIONWIDE – As two major cargo holding companies – Atlas Air Worldwide Holdings (AAWW) and Southern Air Holdings, Inc. (SAI) – move forward in an acquisition that would strengthen Deutsche Post DHL’s influence over the two holding companies’ airlines, namely, AAWW’s Atlas Air and Polar Air and SAI’s Southern Air and Florida West, pilots for the airlines are raising concerns about their contracts, threats to local business and increasing foreign control of the companies. DHL, a global shipping and logistics company based in Germany, has a substantial influence over these two holding companies and their airlines. Since 2014, SAI’s Southern Air has operated exclusively for DHL – even co-branding its planes. DHL also provides AAWW with critical financial and operational synergies, with a 49 percent equity stake in Polar Air. If AAWW acquires SAI, its expected revenue related to DHL will rise to 27 percent – putting the two American companies further under the control of a foreign entity.
Business to Business
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