DHL buys stake in ASTAR Air Cargo
DHL said it has acquired a 49 percent equity stake in ASTAR Air Cargo of Miami. DHL also extended a contract with the carrier through 2019. Financial terms of the deal were not disclosed.
“Our investment in ASTAR signals another major commitment to the U.S. market by DHL,” said Hans Hickler, DHL Express chief executive officer in United States.
DHL noted the ASTAR investment followed others aimed a building “greater resiliency in the air network supporting its U.S. operations.”
It has invested in Polar Air Cargo of Purchase, N.Y., which it said will allow it to better serve customers moving express items between the United States to Asia.
It also announced orders for six Boeing 767-300ER freighters for use mainly between Europe and the United States.
DHL buys stake in ASTAR Air Cargo
