CAM’s Qantas conversion

AIR Transport Services Group subsidiary Cargo Aircraft Management plans to convert a Qantas Airways 767-300ER in mid-2012.

CAM will purchase the aircraft and take delivery during the fourth quarter this year.

“This additional 767-300ER aircraft extends our leading global position in the medium wide-body freighter market,” Joe Hete, Air Transport’s chief executive officer, said.

“The new 767-300 comes in addition to two incremental aircraft that were also recently announced – another 767-300 from Qantas, which will be converted to a freighter in early 2012, and a 757-200, which will be converted into a combination passenger/freighter aircraft,” BB&T Capital Markets’ Kevin Sterling said.

CAM owns a fleet of five 767-300s and 36 767-200s; each aircraft is currently in the conversion process or has already been converted.