All ATSG Articles – Page 3
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NewsATSG 2021 revenues up 10%
Rich Corrado, chief executive officer and president of ATSG. Photo: ATSGUS lessor Air Transport Services Group (ATSG) has reported full year 2021 revenues of $1.73bn, up 10% year on year.Adjusted EBITDA was $541.1m, up 9%, and adjusted pretax earnings were $173.9m, up 11%Rich Corrado, president and chief executive officer of ...
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ATSG invests in more B767 conversions as Q3 profits increase
Freighter lessor and operator ATSG has ordered the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF) as profits continued to rise in the third quarter.During the third quarter, the company reported a revenue increase of 15.3% year on year to $465.9m, adjusted ebitda increased 21.9% against last year ...
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Could Amazon soon add B777 freighters to its fleet?
Ever since Amazon launched its US domestic freighter operation in late 2015 there has been speculation that the company could one day expand into intercontinental operations.If a recent report from Bloomberg is correct, that speculation could soon turn into reality. A report from the news wire last week suggested that ...
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NewsAmazon Air continues to expand US freighter network
Amazon Air's flight activity increased by more than 17% over the last six months as the e-commerce giant continued to expand its fleet and network, according to a new report from the Chaddick Institute for Metropolitan Development.The report, written by Joseph Schwieterman, Borja González, Mitchell Hirst and Abby Mader, shows ...
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ATSG to add first A330s as demand for mid-sized freighters soars
ATSG has secured conversion slots for A330 freighters as it continues to expand its mid-sized freighter options.While announcing its second-quarter results, the lessor said that it had secured 20 conversion slots for A330 freighters.Until now, the company has operated with a fleet of Boeing freighters. However, the company recently announced ...
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NewsATSG accelerates plan to add A321 converted freighters
Lessor Air Transport Services Group (ATSG) is set to add its first Airbus freighters in after announcing a deal to purchase two A321-200 in response to customer demand.ATSG's Cargo Aircraft Management (CAM) leasing subsidiary has committed to the aircraft with one arriving this year and a second in the first ...
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ATSG adds another lease deal with DHL in the US
Lessor Cargo Aircraft Management (CAM) will lease four additional Boeing 767-300 converted freighters to DHL Network Operations USA.The stand-alone dry-lease agreements are each for a term of seven years, with three of the four to be delivered during the second half of 2021 and the fourth in early 2022.The leased ...
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ATSG revenues decline in Q1 despite strong cargo results
Aircraft lessor ATSG has recorded decreased revenues and earnings before interest, tax, depreciation, and amortisation (ebitda) in the first quarter of this year, partly due to decreased passenger services in the wake of the pandemic.The company achieved revenues of $376.1m in the first quarter of this year — 3.4% lower ...
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321 Precision gains STC for A321 conversion
The US Federal Aviation Administration has awarded 321 Precision Conversions its Supplemental Type Certificate for its A321-200PCF programme.The company, which is a joint venture between Air Transport Services Group (ATSG) and Precision Aircraft Solutions, said that its first conversion would soon begin operations following the granting of its STC.Precision Aircraft ...
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Amazon takes stake in ATSG
Amazon Air has taken a $132m stake in lessor and cargo aircraft operator Air Transport Services Group (ATSG).Amazon is exercising warrants that it has held since 2016 and 2018 to acquire 13.5m shares in the cargo airline, paying $9.73 per share, ATSG says in a filing with the Securities and ...
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Record B767 deployments boost ATSG in 2020
Aircraft lessor ATSG has achieved increased revenues for the full-year 2020 following a record number deployments of converted freighters.The Wilmington-headquartered company reported a 8.1% year-on-year increase in customer revenues to $1.6bn and a 9.5% year-on-year increase in adjusted ebitda to $497m.During 2020, ATSG achieved 11 deployments via external lease (and ...
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Air Canada signs up for converted freighters as it targets air cargo
Air Canada will sell two passenger Boeing 767s to be converted into freighters before leasing them back as it targets growth in air cargo.The Montreal-headquartered company will sell two of its B767-300ER aircraft to ATSG-owned lessor Cargo Aircraft Management (CAM).The first aircraft will be inducted for conversion in March 2021. ...
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ATSG subsidiary delivers converted B767F to Cargojet
Cargo Aircraft Management (CAM), a subsidiary of aircraft lessor Air Transport Services Group (ATSG), has delivered a converted Boeing 767-300ER freighter to Cargojet Airways in Canada.CAM said the aircraft will be operated under the terms of a seven-year lease agreement.Cargojet is a provider of time-sensitive overnight air cargo services in ...
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ATSG freighter deployments boost Q3 revenues and profits
Freighter lessor and operator ATSG saw revenues and profits increase in the third quarter of this year, partly due to its quarterly record of seven Boeing 767 freighter deployments to its leasing customers.In the third quarter of this year, the Wilmington-headquartered company reported a 10% year-on-year increase in revenues to ...
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NewsAstral adds first B767F through ATSG deal
African cargo airline Astral Aviation has expanded its fleet to include B767F aircraft through a deal with lessor ATSG.A B767-200 converted freighter was delivered to Astral by ATSG's Cargo Aircraft Management subsidiary under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the ...
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Strong year for ATSG as subsidiary delivers fifth converted freighter to UPS
Air Transport Services Group, Inc (ATSG) subsidiary firm Cargo Aircraft Management (CAM) has delivered a fifth converted Boeing 767-300 freighter to UPS.The delivery is one of five Boeing 767-300 freighters committed to UPS by CAM and brings ATSG’s total deliveries this year to twelve.The company said its fleet expansion during ...
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NewsPrecision's first A321 converted freighter completes test flight
Conversions firm 321 Precision Conversions has completed the first post-conversion flight of its A321-200PCF freighter.The first flight carried out by 321 Precision Conversions, which is a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions (PAS), took place on October 10.The passenger A321 aircraft was converted to ...
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NewsAmazon Air expands freighter operations during summer
Amazon Air expanded its daily flight schedule by 27% over the summer according to a report issued by the Chaddick Institute for Metropolitan Development.The report, written by by Joseph Schwieterman, Jacob Walls and Borja González Morgado, said the e-commerce company has increased its daily flight activity from 85 flights per ...
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Airborne Global Solutions signs B767F deal with Amazon
E-commerce giant Amazon has contracted ATSG subsidiary Airborne Global Solutions to operate six of its B767-300 freighters.The freighters will be operated under under an existing crew, maintenance and insurance (CMI) agreement.This commitment from Amazon applies to the first six of the twelve B767 freighters that Amazon agreed in May to ...
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ATSG: "Strong demand" for leased freighters during coronavirus
Aircraft leasing company Air Transport Services Group (ATSG) has highlighted that its half-year results reflect "solid growth, improving cash flows and strong demand for leased cargo aircraft".During the first half of this year, the group's revenues increased 13% to $378m, while adjusted ebit rose 20% to $125.6m."Increased contributions from ATSG’s ...