SF Gate: DHL Airways to change name to AStar

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This article was sent to you by someone who found it on SF Gate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2003/05/27/f=
inancial1429EDT0151.DTL

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Tuesday, May 27, 2003 (AP)
DHL Airways to change name to AStar



   (05-27) 11:29 PDT MIAMI (AP) --
   Cargo carrier DHL Airways Inc. said Tuesday it will change its name to
AStar Air Cargo Inc., another move to quash concerns about foreign
participation in the airline.
   The Miami-based cargo airline expects to make the change on June 30, the
same day that a group of U.S. investors led by DHL Airways chairman and
chief executive John Dasburg is set to buy the company for $57 million.
   Deutsche Post, the German postal system, currently holds a 25 percent
voting stake in DHL Airways, which critics and competitors say violates
U.S. law limiting the stake a foreign entity can hold in a domestic
airline. The U.S. Department of Transportation is investigating.
   The airline's biggest customer, DHL Worldwide Express, is the U.S. partn=
er
of Deutsche Post.
   The company said the name change will reinforce the reality that DHL
Airways is not a corporate affiliate of DHL Worldwide Express and does not
intend to confine its commercial activities to fulfilling its contract
with DHL Worldwide Express.
   In the coming months, the airline will incorporate the new name and logo
throughout all of its marketing and operations functions.

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Copyright 2003 AP

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