All ATSG Articles – Page 5
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News
ATSG subsidiary in materials handling acquisition
LGSTX Services, a subsidiary of US freighter lessor Air Transport Services Group (ATSG), has acquired TriFactor Distribution Solutions, a privately held US-based material handling systems integrator based in Florida.ATSG, which leases Boeing 767 converted freighters to Amazon, said that the services of the combined LGSTX/TriFactor businesses will be marketed nationwide ...
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Amazon Air to expand fleet to 50 aircraft with new ATSG deal
Amazon Air is expanding its network with the lease of a further 10 Boeing 767-300 freighters from lessor ATSG, with options for even more.The move will bring the e-commerce giant’s fleet of aircraft to 50 – it leases a further 20 from ATSG and 20 from Atlas Air – when ...
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ATSG swoops for 20 B767 passenger aircraft as feedstock for freighter conversion
US-based freighter operator Air Transport Services Group (ATSG) is to acquire 20 Boeing 767-300 extended-range passenger aircraft from lessor Jetran as potential feedstock for freighter conversion over the next three years.ATSG, which operates B767Fs for Amazon Air, currently expects to begin freighter modification of six of the twenty 767-300s during ...
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ATSG has best ever quarter for aircraft deliveries
Aircraft lessor ATSG has delivered seven leased freighters during the fourth quarter of 2018 as demand for its converted Boeing 767 freighter aircraft remains high.The deals, completed by the lessor's Cargo Aircraft Management and ATSG West Leasing subsidiaries, are: Amerijet International Airlines of Miami, Florida, took delivery of a B767-300 ...
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ATSG completes Omni Air acquisition
ATSG has completed the previously announced acquisition of Omni Air International LLC (Omni Air), a passenger ACMI and charter services provider, for $845m.Omni Air, founded in 1993 and with a fleet of 13 passenger aircraft, a mix of Boeing 767 and Boeing 777 extended range units, serves the US and ...
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ATSG Q3 revenues on the rise and expects a 'good' peak season
US freighter lessor Air Transport Services Group (ATSG) saw 2018 third quarter revenues increase 13% to $204.9m and expects “a good peak season” for air cargo.ATSG, which provides Boeing 767 freighter uplift for Amazon’s US domestic overnight parcel network, saw adjusted EBITDA up 13 percent to $74.3m.Joe Hete, ATSG president ...
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ATSG to acquire US passenger carrier Omni Air International for $845m
US freighter lessor Air Transport Services Group (ATSG) is to acquire Oklahoma-based Omni Air International (Omni Air), a passenger and charter services provider, for $845m.Omni Air, founded in 1993 and with a fleet of 13 passenger aircraft, a mix of Boeing 767 and Boeing 777 extended range units, serves the ...
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Freighter lessor ATSG's revenues on the rise
US freighter lessor Air Transport Services Group (ATSG) reported 2018 second quarter revenues of $203.6m, an increase of 6% after excluding $61.1m in reimbursed expenses from 2Q 2017.Adjusted EBITDA from continuing operations was $69.7m, up 9%.Joe Hete, president and chief executive of ATSG, said: "Growth in our aircraft leasing and ...
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Peterson elected to ATSG's board of directors
Air Transport Services Group (ATSG) has elected Laura Peterson to its board of directors, effective June 14.Peterson brings 22 years of experience in the global aerospace industry at The Boeing Company, where she held a series of executive positions in aircraft sales, international business development, global strategy, government relations and ...
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ATSG abandons Chinese JV cargo airline plan
ATSG has decided to abandon its plans to launch a joint venture airline in China following a review of its China strategy.The US-based aircraft lessor had initially planned to launch United Star Express in partnership with Chinese carrier Okay Airline and online discount retailer Vipshop Holdings in mid-2016.However, the project ...
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ATSG profits on the up in Q1
Aircraft lessor ATSG saw first-quarter net earnings increase on the back of demand at its Cargo Aircraft Management (CAM) business and lower federal taxes.The company saw revenues for the period decline by 14.6% year on year to $203m, although this reflected the adoption of a new revenue standard and $54.4m ...
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ATSG delivers first converted B767 freighter to Air Incheon
Air Transport Services Group (ATSG) has delivered the first of two Boeing 767-300 converted freighters to Air Incheon under a six-year dry lease arrangement.The South Korean carrier has also agreed to lease a second B767-300F, with post-modification delivery due in the latter half of 2018, from the US lessor group's ...
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ATSG 2017 revenue and earnings boost, adding more converted B767Fs
US-based aircraft lessor Air Transport Services Group (ATSG) saw 2017 full year revenues up 39% to $1.1bn and announced that its Cargo Aircraft Management (CAM) leasing subsidiary will add two more Boeing 767-300 converted freighters to the fleet this year and a third in 2019.ATSG, which has a long-term B767F ...
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ATSG not expecting pilot talks to hold back Amazon business
ATSG is not expecting ongoing pilot contract negotiations to hold back any potential future development of its Amazon business.Speaking shortly after announcing its 2017 full-year results, the aircraft lessor said the lack of progress on a new agreement with pilots at its ABX business would not hold the company back.It ...
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Berger joins ATSG as chief commercial officer
US-based freighter lessor Air Transport Services Group (ATSG) has hired Mike Berger as chief commercial officer.Berger will assume responsibility for the sales and marketing strategy and execution for the ATSG family of companies, and will also be president of Airborne Global Solutions, ATSG’s commercial and consulting enterprise responsible for selling ...
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ATSG opts for IFS Maintenix to provide fleet management services for its subsidiaries
Aircraft lessor Air Transport Services Group (ATSG) has asked IFS Maintenix to deliver fleet maintenance management IT support across its two cargo airline subsidiaries – ABX Air and Air Transport International (ATI) – as well as its aircraft leasing subsidiary, Cargo Aircraft Management (CAM).According to IFS Maintenix, the three ATSG ...
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ATSG signs B767F lease with Air Incheon
Air Transport Services Group has signed an agreement to lease Air Incheon a Boeing 767-300 converted freighter plus an option for a second aircraft, both for 2018 delivery.Air Incheon, the first all-cargo airline in Korea, currently operates two Boeing 737 freighter aircraft from its base in Seoul Incheon International Airport. ...
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Freighter lessor ATSG: outlook is bright
US-based aircraft lessor ATSG, provider of Boeing 767 freighters for Amazon's Prime Air cargo airline, saw its revenue increase by 31% to $254.1m year-on-year in the third quarter of 2017.Joe Hete, president and chief executive, said the results “reflect growth in our operating fleet and strong double-digit growth in associated ...
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ATSG appoints Raymond Johns to board of directors
Air Transport Services Group (ATSG) has announced the election of Raymond Johns to its board of directors.Johns, 62, led the US Air Force Air Mobility Command at Scott Air Force Base in Illinois until his retirement with the rank of General in January 2013, capping a 36-year military career.He is ...
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