All ATSG Articles – Page 2
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News
My Freighter adds 767 freighter
Tashkent, Uzbekistan-located My Freighter has taken delivery of a Boeing 767-300 converted freighter.The airline said in a Linkedin post today: "We are delighted to announce a significant milestone for My Freighter! Our Airline proudly welcomes one more Boeing 767F, to our fleet."This remarkable aircraft, with Uzbek registration UK67015, completed a ...
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NewsIAI strikes MRO deal with ATSG
MRO signing ceremony between IAI and ATSG Photo IAIIsrael Aerospace Industries (IAI) Aviation Group has signed a long-term contract under which it will maintain and service Pratt & Whitney PW4000 engines for Air Transport Services Group’s (ATSG) leasing company, Cargo Aircraft Management (CAM).The PW4000 engine maintenance will be carried out ...
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News
ATSG delivers 767-300F to My Freighter
Air Transport Services Group (ATSG) subsidiary Airborne Global Leasing has delivered a newly converted Boeing 767-300 freighter to new customer My Freighter.There is a multi-year lease on the aircraft, said lessor ATSG.Tashkent, Uzbekistan-located My Freighter has provided charter air cargo services in Uzbekistan and Central Asia since 2019.My Freighter took ...
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NewsATSG scales back 767-300 freighter conversions for 2024
Joe Hete, chief executive, ATSG. Photo: ATSGAir Transport Services Group (ATSG) is halting any additional 767-300 freighter conversions next year due to the soft air cargo demand seen this year.In the lessor's third quarter results conference call on November 7, chief executive Joe Hete said: "We are introducing no additional ...
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NewsMixed picture for ATSG
Image Source: Air Transport Services Group, Inc (ATSG)Air Transport Services Group, Inc (ATSG), the US-based provider of medium widebody aircraft leasing, contracted air transportation and related services, has reported consolidated financial results for the third quarter of this year (the period ending September 30).ATSG made revenue of $523m, up 1 ...
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NewsFreightor lessor ATSG appoints Berger as president
Mike Berger. Source: Business WireFreightor lessor ATSG's board of directors has elected Mike Berger, currently chief strategy officer, as its new president.Berger took over the role on October 1 and in the new role will lead "ATSG's transformational growth".He will be responsible for aligning the business operations with the company's ...
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NewsATI union leaders approve strike authorisation
Source: ATSGUnion leaders representing the pilots of Wilmington-based cargo airline Air Transport International (ATI) have approved strike authorisation as talks over a new working agreement continue.The vote would give the union chair the authority to call for industrial action.There are no current plans to strike and there are additional steps ...
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News
GlobalX continues to grow A321F fleet
Global Crossing Airlines Group (GlobalX) will lease an A321 passenger to freighter (P2F) aircraft from Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group (ATSG).The aircraft is due for delivery in October this year. Air Cargo News (ACN) has requested confirmation from GlobalX of how the freighter will ...
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News
Flurry of freighter deliveries for ATSG
Air Transport Services Group’s (ATSG) Cargo Aircraft Management (CAM) subsidiary has delivered a record six converted freighters under lease in one month to customers globally.This brings ATSG’s total deliveries this year to nine.Converted freighter deliveries by the company in the past month, each of which are under lease for a ...
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News
Freighter leases help ATSG cash in
Air Transport Services Group's (ATSG) Cargo Aircraft Management (CAM) division looked healthy in the second quarter ended June 30, thanks to sustained freighter leases.Aircraft leasing and related revenues from external customers in the second quarter were up 4% for CAM, year on year.This was "driven by higher average lease rates ...
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News
ATSG sees no diminished demand for leased freighters
Lessor ATSG hasn’t seen a dip in demand for freighters despite a difficult first quarter on account of "operating headwinds".The Wilmington, Ohio-headquartered firm said its aircraft leasing business Cargo Aircraft Management (CAM) "has seen no reduction in demand for its desirable leased freighters, and continues to invest with the expectation ...
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News
ATSG reports record revenues but predicts block hour decline in 2023
Freighter aircraft lessor ATSG reported record revenues in 2022 but is expecting its block hours to decline this year.The Wilmington, Ohio headquartered firm last year saw its revenues increase 18% year on year to $2bn, adjusted earnings before interest, tax, depreciation and amortisation (ebitda) increased 18% to $641m but net ...
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News
Amazon and DHL scale back ATSG freighter operations
Amazon and DHL are expected to scale back US freighter operations with lessor Air Transport Services Group (ATSG).In a fleet outlook on February 6, ATSG said it expects to: “Operate 767 freighters dedicated to principal customers DHL and Amazon for reduced schedules and fewer block hours per aircraft across the ...
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News
ATSG sees revenues rise but profits fall in Q2
Freighter lessor ATSG saw its revenues rise but profits fall in the second quarter of the year as it faced higher costs, but benefited from more flying.The Wilmington-headquartered company reported a 24% year-on-year increase in second-quarter revenues to $510m, operating income for the period was down 16.6% to $70.5m and ...
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News
ABX Air appoints chief operating officer
Cargo airline ABX Air has appointed Patrick Fluegeman as chief operating officer, effective July 1.Fluegeman joined ABX Air, a subsidiary of Air Transport Services Group (ATSG), in 2016 as director of operations analysis and was named director of strategic operations the following year.In 2021, he was promoted to vice president ...
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News
ATSG revenues up in Q1 2021 fuelled by e-commerce demand
US lessor Air Transport Services Group (ATSG) reported revenues of $486m for the first quarter of 2022, up 29% compared with the first quarter of 2021.ATSG said adjusted EBITDA was $158m, up 49% from the first quarter of 2021. Full year 2021 revenues were $1.73bn, up 10% year on year.The ...
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NewsATSG publishes first sustainability report
Source: ATSGAir Transport Services Group (ATSG) has published its first sustainability report, showing how its technology investment is aiding decarbonisation.The inaugural sustainability report from the global lessor of freighter aircraft highlights progress in the company’s Environmental, Social and Governance (ESG) practices and initiatives, and covers achievements in key focus areas ...
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NewsSecond ATSG 767-300 conversion order with Boeing
From left to right: Boeing freighter conversions director Jens Steinhagen; Boeing vice president of commercial marketing Darren Hulst; ATSG president and chief executive officer Rich Corrado; and ATSG chief commercial officer Mike Berger. Photo: Business WireAir Transport Services Group’s leasing subsidiary Cargo Aircraft Management (CAM) has placed a second order ...
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NewsSmartLynx signs with ATSG for six A330-300 P2Fs
Photo: SmartLynxSmartLynx Airlines has signed an agreement with Air Transport Services Group (ATSG) to be one of the first customers to take delivery of six Airbus A330-300 P2F converted cargo freighters under the terms of a six-year lease.The first of the widebody A330-300 P2Fs is due to join the fleet ...
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NewsATSG commits to 29 A330 freighters
Lessor Air Transport Services Group, Inc. (ATSG) has committed to a total of 29 Airbus A330 Passenger-to-Freighter (P2F) conversion slots with ST Engineering and Airbus joint venture Elbe Flugzeugwerke (EFW).The conversion deal reflects a strategic step by ATSG to diversify its existing in-service fleet of 117 aircraft with the addition ...