"Atlas / Polar" Pilots - Advice Requested
07-13-2008, 10:01 AM
#22
Gets Weekends Off
Joined APC: Jan 2007
Position: UPS 767 Gear & Flap Operator
Posts: 271
Not again
Originally Posted by j1b3h0
Any more intel on the rumor that UPS might buy Atlas/Polar?
07-13-2008, 10:43 AM
#23
Gets Weekends Off
Joined APC: Jul 2008
Posts: 1,235
Historically UPS doesn't buy other airlines, they buy assets of airlines. Challenge Air route structure in South America and Menlo LTL, as examples, neither involved hard assets or people in the purchase. They do buy entire ground distribution companies, Overnite Freight and foreign companies that they have established an ownership position prior to taking them over completely.
If you want to work for UPS plan on being hired directly , getting to UPS via an aquisition is a real long shot.
If you want to work for UPS plan on being hired directly , getting to UPS via an aquisition is a real long shot.
07-13-2008, 01:14 PM
#24
Gets Weekends Off
Joined APC: Feb 2006
Position: DD->DH->RU/XE soon to be EV
Posts: 3,732
Originally Posted by GIANT PILOT
Please, not another UPS or FedEx is buying Atlas again rumor, been hearing that for about 10 years now
07-13-2008, 05:41 PM
#27
Gets Weekends Off
Joined APC: Jul 2008
Posts: 1,235
Actually, we move postal which could be considered another freight company. We also have military contracts/charters and prior to Menlo we did move stuff for forwarders, and the 757's we flew for Challenge ( flowers) prior to the purchase of the route structure. So we have moved other companies freight.
07-13-2008, 06:51 PM
#28
Slainge Var'
Joined APC: Oct 2006
Position: Zeppelin Tail Gunner
Posts: 1,530
Originally Posted by j1b3h0
Any more intel on the rumor that UPS might buy Atlas/Polar?
07-14-2008, 02:53 AM
#30
Gets Weekends Off
Joined APC: Feb 2008
Position: Retired
Posts: 651
Originally Posted by AerisArmis
What does Atlas/Polar own? Jets? Routes? Jets are leased? ACMI isn't routes. Serious question, what do they own?
But with a market cap of 992 million UPS would have to cough up over a billion dollars for it, and I would think that UPS could find better uses for their money.
Thread
Thread Starter
Forum
Replies
Last Post
