All ATSG articles – Page 2
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News
ATSG sees no diminished demand for leased freighters
Lessor ATSG hasn’t seen a dip in demand for freighters despite a difficult first quarter on account of "operating headwinds".The Wilmington, Ohio-headquartered firm said its aircraft leasing business Cargo Aircraft Management (CAM) "has seen no reduction in demand for its desirable leased freighters, and continues to invest with the expectation ...
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News
ATSG reports record revenues but predicts block hour decline in 2023
Freighter aircraft lessor ATSG reported record revenues in 2022 but is expecting its block hours to decline this year.The Wilmington, Ohio headquartered firm last year saw its revenues increase 18% year on year to $2bn, adjusted earnings before interest, tax, depreciation and amortisation (ebitda) increased 18% to $641m but net ...
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News
Amazon and DHL scale back ATSG freighter operations
Amazon and DHL are expected to scale back US freighter operations with lessor Air Transport Services Group (ATSG).In a fleet outlook on February 6, ATSG said it expects to: “Operate 767 freighters dedicated to principal customers DHL and Amazon for reduced schedules and fewer block hours per aircraft across the ...
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News
ATSG sees revenues rise but profits fall in Q2
Freighter lessor ATSG saw its revenues rise but profits fall in the second quarter of the year as it faced higher costs, but benefited from more flying.The Wilmington-headquartered company reported a 24% year-on-year increase in second-quarter revenues to $510m, operating income for the period was down 16.6% to $70.5m and ...
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News
ABX Air appoints chief operating officer
Cargo airline ABX Air has appointed Patrick Fluegeman as chief operating officer, effective July 1.Fluegeman joined ABX Air, a subsidiary of Air Transport Services Group (ATSG), in 2016 as director of operations analysis and was named director of strategic operations the following year.In 2021, he was promoted to vice president ...
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News
ATSG revenues up in Q1 2021 fuelled by e-commerce demand
US lessor Air Transport Services Group (ATSG) reported revenues of $486m for the first quarter of 2022, up 29% compared with the first quarter of 2021.ATSG said adjusted EBITDA was $158m, up 49% from the first quarter of 2021. Full year 2021 revenues were $1.73bn, up 10% year on year.The ...
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NewsATSG publishes first sustainability report
Source: ATSGAir Transport Services Group (ATSG) has published its first sustainability report, showing how its technology investment is aiding decarbonisation.The inaugural sustainability report from the global lessor of freighter aircraft highlights progress in the company’s Environmental, Social and Governance (ESG) practices and initiatives, and covers achievements in key focus areas ...
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NewsSecond ATSG 767-300 conversion order with Boeing
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 WireAir Transport Services Group’s leasing subsidiary Cargo Aircraft Management (CAM) has placed a second order ...
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NewsSmartLynx signs with ATSG for six A330-300 P2Fs
Photo: SmartLynxSmartLynx Airlines has signed an agreement with Air Transport Services Group (ATSG) to be one of the first customers to take delivery of six Airbus A330-300 P2F converted cargo freighters under the terms of a six-year lease.The first of the widebody A330-300 P2Fs is due to join the fleet ...
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NewsATSG commits to 29 A330 freighters
Lessor Air Transport Services Group, Inc. (ATSG) has committed to a total of 29 Airbus A330 Passenger-to-Freighter (P2F) conversion slots with ST Engineering and Airbus joint venture Elbe Flugzeugwerke (EFW).The conversion deal reflects a strategic step by ATSG to diversify its existing in-service fleet of 117 aircraft with the addition ...
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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 ...