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Charlotte > Print Edition > Industries > Travel - Airlines & Airports
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Friday, April 11, 2008
Could DHL troubles hit Charlotte/Douglas airport facility?
Charlotte Business Journal - by Katy Finger Staff writer
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Local DHL operation growing [Charlotte]
Airborne offering yields $150 million [Dayton]
Airborne raising $125 million in note sale [Seattle]
As DHL International Ltd.'s financial struggles grow, airport officials are growing concerned the international shipping company could abandon its two-year-old cargo facility at Charlotte/Douglas International Airport.
Aviation Director Jerry Orr says DHL could scale back or close its operations here. DHL is two years into a 10-year lease of an 86,000-square-foot building, which the airport built in 2006 for about $5 million.
DHL parent Deutsche Post AG -- Europe's largest mail carrier -- said last month its fourth-quarter net income fell 61% because of writedowns at DHL. The company bought Airborne Express Inc.'s ground operations in 2003 in an effort to expand its U.S. presence.
Last month, Germany-based Deutsche Post Chief Executive Frank Appel said the company would present a turnaround plan in May for DHL.
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