whaledriver
at 24 to 26 cent a pound, which is the based on a 65% load factor at a 40 cent per pound market rate as published, PAC did hardly cover its operational costs.
DHL made an investment into PACW because of the China and Japan routes. This business transaction creates a Block space/ ACMI hyprite for the next 20years worth several billion dollars. The new rate under this contract is 50 to 60 cent per pound with a load guarantee. Hence the comment. AAWH had PAC on life support for years now the potential golden goose is showing signs of recovery.