All ATSG Articles – Page 4
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News
MasAir expands with B767 freighter lease
MasAir has taken delivery of an ATSG-owned B767-300 converted freighter as it looks to expand its ACMI services.The Mexican freighter firm will dry lease the aircraft from ATSG subsidiary Cargo Aircraft Management (CAM) as part of a five-year deal.Luis Sierra, chief executive of MasAir, said: “We are truly excited to ...
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NewsFAA approves Pemco's B737-700 combi programme
The US Federal Aviation Administration (FAA) has approved Pemco Conversions' Passenger-to-FlexCombi (FC) conversion programme for Boeing 737-700s.The Pemco B737-700FC offers three configurations: a 24-seat cabin plus a 2,640 cu ft cargo hold for up to 30,000 lbs of payload in six pallet positions; a 12-seat cabin plus a 3,005 cu ...
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News
DHL signs up to ATSG freighter for Asia flights
Last month, Freighter lessor Air Transport Services Group deployed a Boeing 767-300 converted freighter to cover the DHL Express network in Asia.Under the terms of a standalone ACMI agreement with DHL Bahrain, the agreement provides capacity support for general express freight and delivery of Covid-19 related relief supplies to Sydney, ...
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News
ATSG subsidiary delivers converted B767 for dry lease operations
Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group, has delivered a converted Boeing 767-200 to Malaysian carrier Raya Airways to be leased under a five-year contract.The aircraft is the second Boeing 767-200 freighter that Raya Airways has leased from CAM and put into service.ATSG said that though ...
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News
Amazon expands fleet with 12 leased freighters from ATSG
Amazon Air has announced the expansion of its freighter fleet as it continues to meet customer requirements for the quick delivery of packages.The e-commerce giant will expand its cargo capacity by leasing 12 Boeing 767-300 converted cargo aircraft from aviation leasing firm Air Transport Services Group (ATSG).When delivered, the 12 ...
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News
ATSG reports record revenues but profits slide
Freighter lessor and operator ATSG saw revenues climb to record levels last year but profits declined.The Wilmington-headquartered company reported revenues for the year of $1.4bn compared with $892m last year, while earnings from continuing operations declined by 18.2% to $71.6m and net earnings declined by 11.7% to $61m.The company said ...
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NewsJoe Hete to retire as ATSG chief executive
Joe HeteJoe Hete will retire as chief executive officer of US-based freighter lessor Air Transport Services Group (ATSG) in May this year.Company president Rich Corrado will become chief executive and a director of ATSG, whose clients include Amazon Air and UPS.Hete, who pioneered the leasing of midsize converted freighters for ...
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News
ABX Air pilots cast vote of no confidence
ABX Air pilots have cast a vote of no confidence in the airline’s management as negotiations over a new contract continue.The ATSG-owned airline, which counts Amazon and DHL amongst its customers, has been negotiating with the Airline Professionals Association, Teamsters Local 1224 for more than five years to over a ...
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News
ATSG on the up as it continues to benefit from Omni acquisition
Freighter lessor Air Transport Services Group (ATSG) reported higher third-quarter results thanks to the integration of charter carrier Omni Air International, which it acquired late last year.Revenue in the quarter rose to $366m, up 79% from the year-ago period while net profit more than tripled to $105m from $33m in ...
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News
Amazon Air switches two freighters to ATSG from Atlas
Amazon Air has transferred the operation of two Boeing 767-300 freighters from Atlas Air to ATSG airline Air Transport International (ATI).Atlas confirmed the move and pointed out that the aircraft would still be dry leased to Amazon from its Titan Aviation Leasing unit.Atlas and Amazon said the move was linked ...
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NewsATSG announces new president
Rick Corrado has been elected as the new president of aircraft lessor ATSG as the company continues its management succession programme.Corrado, who is currently chief operating officer (COO), will take over the role from Joe Hete on September 16. Hete, however, will remain as chief executive.Randy Rademacher, board chairman of ...
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News
ATSG revenues take-off in Q2 thanks to Amazon and Omni deals
Freighter operator ATSG has reported increases in revenues and operating income during the second quarter of the year, as it continues to ramp up its flights for Amazon and benefit from the acquisition of Omni Air.Second-quarter revenues at the lessor increased by 64.3% year on year to $334.5m while operating ...
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News
Amazon to lease 15 more freighters from GECAS as it ramps up delivery operation
E-commerce giant Amazon has announced it will lease a further 15 B737-800 converted freighters from lessor GECAS as it continues to invest in "fast, free shipping" for customers.Today, at the International Paris Air Show, the company announced a partnership with GECAS to lease an additional fifteen Boeing 737-800 cargo aircraft, ...
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NewsExpanded credit facility aids ATSG fleet growth
Air Transport Services Group (ATSG) has rearranged its credit facility to help it meet “the strong domestic and international demand for our aircraft,” according to chief financial officer Quint Turner.“In particular, we will invest the majority of our $475 million capital expenditure budget in 2019 to acquire thirteen Boeing 767-300s. ...
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News
ATSG boosted by Omni, Amazon and DHL
ATSG saw revenues increase by 71% in the first quarter of the year thanks its purchase of Omni Air while it expects a further boost from expanded contracts with Amazon and DHL.The aircraft lessor and operator saw first quarter revenues reach $348m, while earnings from continuing operations increased by $7m ...
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NewsDHL extends ATSG freighter leasing deal
A DHL B767F like those leased by ATSGDHL has extended by three years its deal to lease 14 Boeing 767 freighters from ATSG subsidiaries.The aircraft lessor said that it would also operate eight of those aircraft within DHL's North American Network.The agreements include:- The extension of eleven aircraft leases between ...
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NewsAmazon pilots protest again while e-commerce firm's first B737Fs arrive in the US
Pilots flying for Amazon protest at CVG.Pilots flying for Amazon took to the streets again to protest over pay and working conditions at the airlines providing capacity for the e-commerce giant.The pilots flying for Atlas Air, Southern Air and ABX Air took to the pavement outside Cincinnati/Northern Kentucky International Airport ...
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News
Amazon confirms move into B737-800 freighters with Southern Air CMI deal
Amazon Air is moving into B737-800 freighter operations, with a potential for up to 20 aircraft, after Atlas Air Worldwide (AAWW) confirmed that its wholly owned subsidiary, Southern Air, will provide crew, maintenance and insurance (CMI) services to Amazon for the B737 type.In a AAWW Form 8-K filing to the ...
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NewsAmazon reveals new B737 freighter aircraft
Amazon Air B737-800FAmazon Air is in the process of adding a new freighter aircraft to its fleet but where the aircraft will operate has yet to be confirmed.Dave Clark, senior vice president of operations at the tight lipped e-commerce giant, earlier this week tweeted an image (see above) of a ...
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News
ATSG looks to its strengthened platform following Amazon extension and Omni deal
Aircraft lessor ATSG saw adjusted revenues and earnings for the year increase by more than 20% in the final quarter of the year.The Wilmington-based firm reported a 27% increase in adjusted fourth-quarter revenues to $280.8m, while adjusted earnings from continuing operations were up 23% to $24.1m.ATSG president and chief executive ...