All ATSG articles – Page 3
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News
Record B767 deployments boost ATSG in 2020
Aircraft lessor ATSG has achieved increased revenues for the full-year 2020 following a record number deployments of converted freighters.The Wilmington-headquartered company reported a 8.1% year-on-year increase in customer revenues to $1.6bn and a 9.5% year-on-year increase in adjusted ebitda to $497m.During 2020, ATSG achieved 11 deployments via external lease (and ...
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News
Air Canada signs up for converted freighters as it targets air cargo
Air Canada will sell two passenger Boeing 767s to be converted into freighters before leasing them back as it targets growth in air cargo.The Montreal-headquartered company will sell two of its B767-300ER aircraft to ATSG-owned lessor Cargo Aircraft Management (CAM).The first aircraft will be inducted for conversion in March 2021. ...
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ATSG subsidiary delivers converted B767F to Cargojet
Cargo Aircraft Management (CAM), a subsidiary of aircraft lessor Air Transport Services Group (ATSG), has delivered a converted Boeing 767-300ER freighter to Cargojet Airways in Canada.CAM said the aircraft will be operated under the terms of a seven-year lease agreement.Cargojet is a provider of time-sensitive overnight air cargo services in ...
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News
ATSG freighter deployments boost Q3 revenues and profits
Freighter lessor and operator ATSG saw revenues and profits increase in the third quarter of this year, partly due to its quarterly record of seven Boeing 767 freighter deployments to its leasing customers.In the third quarter of this year, the Wilmington-headquartered company reported a 10% year-on-year increase in revenues to ...
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NewsAstral adds first B767F through ATSG deal
African cargo airline Astral Aviation has expanded its fleet to include B767F aircraft through a deal with lessor ATSG.A B767-200 converted freighter was delivered to Astral by ATSG's Cargo Aircraft Management subsidiary under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the ...
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News
Strong year for ATSG as subsidiary delivers fifth converted freighter to UPS
Air Transport Services Group, Inc (ATSG) subsidiary firm Cargo Aircraft Management (CAM) has delivered a fifth converted Boeing 767-300 freighter to UPS.The delivery is one of five Boeing 767-300 freighters committed to UPS by CAM and brings ATSG’s total deliveries this year to twelve.The company said its fleet expansion during ...
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NewsPrecision's first A321 converted freighter completes test flight
Conversions firm 321 Precision Conversions has completed the first post-conversion flight of its A321-200PCF freighter.The first flight carried out by 321 Precision Conversions, which is a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions (PAS), took place on October 10.The passenger A321 aircraft was converted to ...
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NewsAmazon Air expands freighter operations during summer
Amazon Air expanded its daily flight schedule by 27% over the summer according to a report issued by the Chaddick Institute for Metropolitan Development.The report, written by by Joseph Schwieterman, Jacob Walls and Borja González Morgado, said the e-commerce company has increased its daily flight activity from 85 flights per ...
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News
Airborne Global Solutions signs B767F deal with Amazon
E-commerce giant Amazon has contracted ATSG subsidiary Airborne Global Solutions to operate six of its B767-300 freighters.The freighters will be operated under under an existing crew, maintenance and insurance (CMI) agreement.This commitment from Amazon applies to the first six of the twelve B767 freighters that Amazon agreed in May to ...
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News
ATSG: "Strong demand" for leased freighters during coronavirus
Aircraft leasing company Air Transport Services Group (ATSG) has highlighted that its half-year results reflect "solid growth, improving cash flows and strong demand for leased cargo aircraft".During the first half of this year, the group's revenues increased 13% to $378m, while adjusted ebit rose 20% to $125.6m."Increased contributions from ATSG’s ...
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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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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 ...