Polar for sale ....
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Polar for sale ....
Hi all,
I am looking for a link to an article that was supposedly published on Feb 1st or 2nd in NT (Nieuws Transport) in the Netherlands and titled "Polar Air Cargo for sale: het klinkt logisch".
Any flying dutchmen willing to help me find it?
I am looking for a link to an article that was supposedly published on Feb 1st or 2nd in NT (Nieuws Transport) in the Netherlands and titled "Polar Air Cargo for sale: het klinkt logisch".
Any flying dutchmen willing to help me find it?
Heilhaavir
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Hello buddy Joe 
What don't you believe that Polar is for sale or that there is an article about Polar being for sale??
I know the article exists under the title i mentioned above and am curious about the content of the article.
Would really appreciate a link or the paper/magazine itself. If it is only available as a hard copy I will pay for it as well as the shipping costs!!
I can be reached directly at [email protected]
Thanks in advance for any help guys & gals
What don't you believe that Polar is for sale or that there is an article about Polar being for sale??
I know the article exists under the title i mentioned above and am curious about the content of the article.
Would really appreciate a link or the paper/magazine itself. If it is only available as a hard copy I will pay for it as well as the shipping costs!!
I can be reached directly at [email protected]
Thanks in advance for any help guys & gals
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Well buddy Joe,
someone was kind enough to send me that article in a pdf file, contact me if you want it. Wether it is true or not, that's another story, but you'll rarely find smoke without a fire... (Page 21 of the Nieuwsbald Transport dated Feb 2nd/05, by John Vansleijen)
someone was kind enough to send me that article in a pdf file, contact me if you want it. Wether it is true or not, that's another story, but you'll rarely find smoke without a fire... (Page 21 of the Nieuwsbald Transport dated Feb 2nd/05, by John Vansleijen)
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Yes I can happyflying
I have the original article in a pdf file but do not know how to post it here, if you want it email me.
Keep in mind that this is only a translation of the author's analysis that was sent to me and could not be 100% accurate.
"Polar Air Cargo for sale: it sounds logical"
Polar Air is the cargo division of Atlas Air. Rumor is that Atlas wants to get rid of Polar Air cargo. Last year they moved from an airport in Belgium to Amsterdam, which could be a strategy to make it more attractive to potential buyers, being Amsterdam the 3rd cargo airport in Europe.
Atlas was almost bankrupt last year, and the rumor is that they have contacted several parties to offer the airline.
One of the possibilities will be Deutsche Post, since they are looking for an airline or partner that has Boeing 747; Polar has that, and Lufthansa Cargo just got rid of all of them.
The Germans (Deutshe Post) would also acquire important routes and entrances to the USA.
Other interested party would be Fedex, because they are looking to expand in air cargo. UPS is not interest and that is kind of strange.
The reasons why Atlas wants to sell Polar:
1) They can use the money (they were almost bankrupt)
2) The cargo activities of Polar are in conflict with the commercial lease activities of Atlas Air (competition in between the same company). Atlas has been warned about this bad combination by economists, so it seems logical that they want to fix this.
Whatever happens is uncertain, especially because most banks are very careful before they finance anything related to the airline industry.
I have the original article in a pdf file but do not know how to post it here, if you want it email me.
Keep in mind that this is only a translation of the author's analysis that was sent to me and could not be 100% accurate.
"Polar Air Cargo for sale: it sounds logical"
Polar Air is the cargo division of Atlas Air. Rumor is that Atlas wants to get rid of Polar Air cargo. Last year they moved from an airport in Belgium to Amsterdam, which could be a strategy to make it more attractive to potential buyers, being Amsterdam the 3rd cargo airport in Europe.
Atlas was almost bankrupt last year, and the rumor is that they have contacted several parties to offer the airline.
One of the possibilities will be Deutsche Post, since they are looking for an airline or partner that has Boeing 747; Polar has that, and Lufthansa Cargo just got rid of all of them.
The Germans (Deutshe Post) would also acquire important routes and entrances to the USA.
Other interested party would be Fedex, because they are looking to expand in air cargo. UPS is not interest and that is kind of strange.
The reasons why Atlas wants to sell Polar:
1) They can use the money (they were almost bankrupt)
2) The cargo activities of Polar are in conflict with the commercial lease activities of Atlas Air (competition in between the same company). Atlas has been warned about this bad combination by economists, so it seems logical that they want to fix this.
Whatever happens is uncertain, especially because most banks are very careful before they finance anything related to the airline industry.
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Told you so...
Yep, sure did, just a few months ago.
Polar is indeed for sale but any potential purchaser will need to look closly at the balance sheet...which ain't good, at all.
And yes, we have had a peek, in a 'round about way.
Debt service and cash flow to service same are problems that need to be fixed...big time.
Several parties have passed on this proposal...with good reason.
Polar is indeed for sale but any potential purchaser will need to look closly at the balance sheet...which ain't good, at all.
And yes, we have had a peek, in a 'round about way.
Debt service and cash flow to service same are problems that need to be fixed...big time.
Several parties have passed on this proposal...with good reason.
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Scheduled service moved last year from LGG to AMS.
promised 24 flights. Now the staff are there, they have cancelled most of the flights and they are now down to 7 rotations a week.
Lot of stations now longer being served.
Sounds like Atlas will use the slots at AMS for their emirates deals, and just get rid of Polar all together.
On the other hand, isn't polar the only reason they can now go into NRT?
promised 24 flights. Now the staff are there, they have cancelled most of the flights and they are now down to 7 rotations a week.
Lot of stations now longer being served.
Sounds like Atlas will use the slots at AMS for their emirates deals, and just get rid of Polar all together.
On the other hand, isn't polar the only reason they can now go into NRT?
PAT
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Blackbaron,
don't take this the wrong way but if you have gone through this thread you might have noticed that in my answer to Happyflyinggear I mentioned that I did not know how to post a pdf file onthis board and that one was welcome to email me directly to get the original article (in dutch). Many have done so and have received it. You are welcome to do so as well
Cheerios
don't take this the wrong way but if you have gone through this thread you might have noticed that in my answer to Happyflyinggear I mentioned that I did not know how to post a pdf file onthis board and that one was welcome to email me directly to get the original article (in dutch). Many have done so and have received it. You are welcome to do so as well
Cheerios
