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ABX Air (ABXA) and All Nippon Airways Extend ACMI Agreement

ABX Holdings, Inc. (ABXA) announced that its subsidiaries, ABX Air, Inc. and All Nippon Airways Co., have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010.

Under the new agreement, ABX Air will continue to support All Nippon Airways’ cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance personnel. The new agreement contains terms that better reflect the evolving relationship between All Nippon and ABX Air, while anticipating the potential for growth in that relationship as All Nippon expands.

Joe Hete, president and chief executive officer of ABX Air stated that Asia will likely remain the world’s fastest growing market for air cargo services and that the company plans to bring all of the capabilities of ABX Air and its holdings, including those recently acquired via Cargo Holdings International, to better serve All Nippon and other companies operating in the market. He also added that ABX Air’s revenue from the new ACMI Agreement with All Nippon, which replaced an older agreement announced in May 2007, are expected to be in excess of $32M on an annualized basis.

ABX Holdings, headquartered in Wilmington, Ohio, has two principal businesses: ABX Air, an air cargo service provider, and 15 hubs throughout the United States; and Cargo Holdings International, Inc., a provider of air cargo transportation and related services to domestic and foreign air carriers, and other companies that outsource their air cargo lift requirements.

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