Second ATSG 767-300 conversion order with Boeing
15 / 03 / 2022
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 Wire
Air Transport Services Group’s leasing subsidiary Cargo Aircraft Management (CAM) has placed a second order with Boeing for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters (BCF) to support e-commerce and express demand.
The order includes an option for four additional conversions beyond that. The conversions are slated to begin in late 2023.
ATSG’s initial order of four 767-300BCF conversions was announced in November 2021. With these four additional Boeing conversion commitments, the US lessor has now has secured with its conversion suppliers more than 80 passenger-to-freighter conversion slots over the next five years.
“Demand for the 767-300 platform remains strong among e-commerce and express providers,” said Mike Berger, chief commercial officer at ATSG. “As the world leader in midsize freighter leasing, ATSG is committed to fulfilling our 360-degree brand promise to provide wide-spectrum support for our customers around the globe as they continue to grow market share and expand their reach.”
Jens Steinhagen, director of the Boeing Converted Freighter programme, added: ““We are thrilled that ATSG has again selected the 767-300BCF to increase their portfolio and fleet growth for e-commerce and express customers around the world.
“The 767-300BCF is in strong demand, and we are adding three additional 767-300BCF conversion lines at new and existing MRO suppliers around the globe to help customers like ATSG provide their customers with the dedicated freighter capacity they need.”
Last month, ATSG reported full year 2021 revenues of $1.73bn, up 10% year on year.
ATSG operated with a fleet of Boeing freighters until 2021 when it secured conversion slots for A330 freighters and announced a deal to purchase two A321-200s.
This month, the company committed to a total of 29 Airbus A330 Passenger-to-Freighter (P2F) conversion slots with ST Engineering and Airbus joint venture Elbe Flugzeugwerke (EFW).
Earlier this month, CAM began its first Airbus A321 aircraft passenger-to-freighter conversion. PEMCO Conversions, a division of wholly owned ATSG subsidiary Pemco World Air Services inducted the aircraft for conversion at its Florida facility.
ATSG, through its leasing and airline subsidiaries, is the world’s largest lessor of freighter aircraft as well as the largest owner and operator of converted Boeing 767 freighters.
ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC.
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