ABX Air issues default notice to DHL
Nov 9 (Reuters) - Air cargo services provider ABX Air Inc ABXA.O said it issued a default notice to major customer DHL for non-payment of certain dues under their commercial agreements.
ABX, which provides air and ground logistics services to DHL, said non-recovery of these dues may cause it to default under certain credit facilites.
The dispute relates to reimbursements withheld by DHL on the contention that ABX's revenue from other customers has exceeded a 10 percent threshold, ABX said in a statement. ABX, however, disagrees with the calculation, it added. (Reporting by Anant Vijay Kala in Bangalore; Editing by Pratish Narayanan)
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