Originally Posted by
KC10 FATboy
Pure speculation on my part.
Atlas Air Worlswide is purchased by an investor group led by Apollo along with JF Lehman & Company and Hill Ciity Capital for $5.2B.
Atlas Air Worldwide becomes a privately held company.
John Dietrich former CEO of Atlas Air Worldwide bexomes EVP and CEO of FedEx Corp
FedEx Corp FY24 Q3 cash on-hand $6.3B
FedEx Corp announces Tricolor network plan to expand its air freight offerings to the much larger global air freight market beyond priority parcel shipments. This is to grow and capture more air freight (pallets) and less time sensitive e-commerce parcels.
My take, FedEx Corp will make a move to acquire Atlas Air Worldwide. JD was brought over to FedEx Corp to make this transition. This gives FedEx a hedge against Amazon. They get access to a fleet of 767 freighters which can't be built after 2028. They also get a few 777Fs and the 747s which are no longer produced.
Am I crazy?
I don't think buying another airline is part of the DRIVE initiative.