ATSG makes Corrado CCO, profits up

AIR Transport Services Group (ATSG) has appointed Rich Corrado as chief commercial officer of ATSG and president of Cargo Aircraft Management (CAM). Corrado will report to ATSG president and chief executive officer, Joe Hete and will be responsible for the sales and marketing strategy of the ATSG family of companies.

“Rich’s knowledge of business development, sales management, and strategic planning – paired with his specific industry experience – will be a great asset for us,” said Hete.

ATSG, which owns ABX Air, the cargo carrier dumped by DHL at its Wilmington site in Ohio resulting in massive losses, has recorded profits for the fourth quarter and 2009, on revenues of US$823.5 million for the whole year.

DHL’s revenue fell by 16 per cent in 2009 to $404 million.