ITEM 1. BUSINES S



Background



ABX Air, Inc. (“ABX”) is an airline that provides cargo transportation and,
through a network of 19 hubs, provides package sorting, handling and line-haul
services within the United States. We operate an in-service fleet of 115
aircraft as of December 31, 2004, and have the authority to fly worldwide. We
primarily utilize our aircraft to provide express delivery services for cargo
typically requiring next day delivery. We utilize contracted line-haul from
third party trucking companies to transport deferred delivery cargo within our
network. Deferred delivery cargo is scheduled for delivery at a specific time,
but has longer services intervals than the express freight generally transported
by our aircraft. We do not provide local pickup and delivery services to
consumers. We also sell aircraft parts, provide maintenance and repair services
for airframes and aircraft components and conduct flight-training services for
customers.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2005%2f03%2f16%2f0001193125-05-052926.html#FIS_BUSINESS"