Joint Press Release

Release #08.CCI
January 24, 2008

Pilot Unions Share Concerns Over Cargo Holdings International Company Acquisition

MEMPHIS, Tenn. – On January 17 and 18, pilot union leaders from the Capital Cargo Int’l (CCI) unit of the Air Line Pilots Association, Int’l (ALPA), the ABX Teamsters Local 1224, and the Air Transport Int’l (ATI) Teamsters Local 747 met to identify and discuss common concerns regarding the recent transaction between ABX Holdings, Inc. (formerly known as ABX Air, Inc.) and Cargo Holdings International, Inc. (CHI).

“This was a very important meeting between the leaders of each union,” said Capt. CJ Johnson, chairman of the ALPA Capital Cargo pilot group. “Capt. John Prater, president of ALPA, has pledged all necessary resources to protect the interests of the CCI pilot group and ALPA is fully committed to working with its fellow union brothers and sisters of ABX and ATI. I look forward to this collaborative effort, which will help to achieve the unions’ common goals—to protect and promote the careers of our respective memberships.”

The leaders met for two days to discuss and share information and identify common interests associated with this transaction.

“History has shown that acquisitions of this type have been problematic for the members of organized labor,” said ATI Teamsters Local 747 Executive Council Chairman Tom Rogers. “The leaders of the three labor unions involved are in constant communication to insure the protection of the interests of our respective pilot groups and the interest of our brothers and sisters at CCI and ABX.”

The three union leaders agreed that this sharing of information was an overwhelming success and finished the meeting with a collectively positive attitude.

“I think that this type of meeting is critical to the future of labor,” said ABX Teamsters Local 1224 Executive Board President Dave Ross. “We were able to focus on what we had in common, not our differences, and we were able to focus on the needs of our memberships. I have pledged to work with the leadership of ATI and CCI so that we all move forward together to achieve goals that benefit and protect the careers of our members. I look forward to working with Tom and CJ.”

December 31, 2007, marked the completion of the acquisition of CHI to ABX Holdings, Inc. ABX Holdings has two principal operating businesses: ABX Air, an air cargo services provider operating out of Wilmington, Ohio, and CHI. CHI’s four operating subsidiaries include two separate airlines, ATI and Capital Cargo International Airlines, Inc. (CCIA).

Founded in 1931, ALPA is the world’s largest pilot union, representing more than 60,000 pilots at 43 airlines in the U.S. and Canada, including 115 cockpit crew members at CCIA.

Founded in 1903, the International Brotherhood of Teamsters represents more than 1.4 million hard-working men and women in the United States, Canada and Puerto Rico. IBT local 747, a local in the IBT Airline Division, was founded in September of 1995; its offices are located in Houston Texas. The local represents 3400 crew members at 12 different airlines, including approximately 150 pilots and professional flight engineers at ATI. IBT Local 1224 represents 650 pilots.

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ALPA Contacts: Tawnya Burket, (724) 622-6738,; CJ Johnson, (360) 930-2789

ABX Teamsters Local 1224 Contact: Dave Ross, (719) 238-8133

ATI Teamsters Local 747 Contact: Gene Sowell, (800) 747-2313