Exhibit (e)(1)


                   Deutsche Post and Air Express International
              Announce Receipt of Clearance by European Commission

         Bonn,  Germany/Darien,  CT -- February 7, 2000 -- Deutsche  Post AG and
Air Express  International  Corporation (NASDAQ:  AEIC) announced today that the
European  Commission  has cleared  Deutsche  Post's  acquisition  of Air Express
International Corporation.

         As previously  announced,  Deutsche Post's tender offer to purchase all
outstanding  shares of Air Express  International will expire at 12:00 midnight,
New York time, on Wednesday, February 9, 2000, unless further extended.

         The offer was extended to provide  additional time to obtain  necessary
regulatory  approvals  for the  transaction,  including  approvals in the United
States and under the European Commission's  regulations.  All necessary U.S. and
European Commission regulatory approvals have now been obtained.

         For additional  information,  please contact Deutsche Banc Alex. Brown,
the Dealer Manager for the offer,  at  212-250-6000  (call collect) or Georgeson
Shareholder Communications Inc., the Information Agent, at 800-223-2064.