| Echoes
1975-2015 The
year 2015 marks our 40th year in the world of air cargo news reporting—first
as Air Cargo News and now
as FlyingTypers.
The
stewardship of Air Cargo News FlyingTypers hasn't changed
since 1975, and while that is an impressive feat, what is even more
remarkable is that in 2015 we have been fortunate to present the
writings of the nearly 102-year-old Richard Malkin, who remains
the first air cargo reporter in history (circa 1942) and now serves
as FlyingTypers' Senior Editor.
Here
Richard continues a remembrance of events in an exclusive year-long
series, "Echoes 1975-2015."
2007
DHL Express purchased a 49 percent stake and 25 percent
of voting rights in Polar Air Cargo—an investment of $150
million. The deal guaranteed DHL transpacific access over a two-decade
period. Potential revenues are estimated in the neighborhood of
$3.5 billion.
As DHL Express’ global CEO, John Mullen, viewed
the deal, it will reduce transit times as well as upgrade delivery
reliability in the Pacific marketplace. Mullen held that the move
was a “strategic thrust” that adds muscle to DHL’s
competitive position.
Although Polar is an independent operation, it is wholly-owned
by Atlas Air. The purchaser is a unit of Deutsche Post World Net.
Richard Malkin
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