Enron Mail

From:mike.mcconnell@enron.com
To:daniel.reck@enron.com
Subject:Air Cargo Capacity Trading at Enron
Cc:fred.philipson@enron.com, jeffrey.shankman@enron.com
Bcc:fred.philipson@enron.com, jeffrey.shankman@enron.com
Date:Wed, 6 Sep 2000 06:23:00 -0700 (PDT)

Dan,

Fred has not had much luck with getting attention with this. This sounds
like it should be in your (new) group. Please give Fred a call, I think this
sounds very interesting and is worth a follow-up.

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 09/06/2000
01:20 PM ---------------------------

Enron North America Corp.

From: Fred Philipson @ ENRON 09/05/2000 03:49 PM


To: Louise Kitchen/HOU/ECT@ECT
cc: Allan Sommer/Corp/Enron@Enron, Mike McConnell/HOU/ECT@ECT
Subject: Air Cargo Capacity Trading at Enron

Hello Louise:

I recently authored a white paper, giving some background on the air cargo
business for Enron Net Works. In the paper, I identified the hurdles we
would need to overcome in order to create a market for trading air cargo
capacity futures, none of which were deemed insurmountable. I further
suggested that Enron could approach this business by leveraging EOL to act as
a non vessel owning common carrier, trading physical capacity while readying
the market (and ourselves!) for financial trading.

I am very interested in moving this business idea along here within Net
Works. I have some ideas regarding likely industry partners that could move
us along rather quickly. I think the logical next step may be to get with
you or with someone on your staff to begin some dialog with the eventual goal
of creating a business plan. Any thoughts?

Thanks!

Fred Philipson
5-9323