All ATSG articles – Page 4
-
NewsATSG announces new president
Rick Corrado has been elected as the new president of aircraft lessor ATSG as the company continues its management succession programme.Corrado, who is currently chief operating officer (COO), will take over the role from Joe Hete on September 16. Hete, however, will remain as chief executive.Randy Rademacher, board chairman of ...
-
News
ATSG revenues take-off in Q2 thanks to Amazon and Omni deals
Freighter operator ATSG has reported increases in revenues and operating income during the second quarter of the year, as it continues to ramp up its flights for Amazon and benefit from the acquisition of Omni Air.Second-quarter revenues at the lessor increased by 64.3% year on year to $334.5m while operating ...
-
News
Amazon to lease 15 more freighters from GECAS as it ramps up delivery operation
E-commerce giant Amazon has announced it will lease a further 15 B737-800 converted freighters from lessor GECAS as it continues to invest in "fast, free shipping" for customers.Today, at the International Paris Air Show, the company announced a partnership with GECAS to lease an additional fifteen Boeing 737-800 cargo aircraft, ...
-
NewsExpanded credit facility aids ATSG fleet growth
Air Transport Services Group (ATSG) has rearranged its credit facility to help it meet “the strong domestic and international demand for our aircraft,” according to chief financial officer Quint Turner.“In particular, we will invest the majority of our $475 million capital expenditure budget in 2019 to acquire thirteen Boeing 767-300s. ...
-
News
ATSG boosted by Omni, Amazon and DHL
ATSG saw revenues increase by 71% in the first quarter of the year thanks its purchase of Omni Air while it expects a further boost from expanded contracts with Amazon and DHL.The aircraft lessor and operator saw first quarter revenues reach $348m, while earnings from continuing operations increased by $7m ...
-
NewsDHL extends ATSG freighter leasing deal
A DHL B767F like those leased by ATSGDHL has extended by three years its deal to lease 14 Boeing 767 freighters from ATSG subsidiaries.The aircraft lessor said that it would also operate eight of those aircraft within DHL's North American Network.The agreements include:- The extension of eleven aircraft leases between ...
-
NewsAmazon pilots protest again while e-commerce firm's first B737Fs arrive in the US
Pilots flying for Amazon protest at CVG.Pilots flying for Amazon took to the streets again to protest over pay and working conditions at the airlines providing capacity for the e-commerce giant.The pilots flying for Atlas Air, Southern Air and ABX Air took to the pavement outside Cincinnati/Northern Kentucky International Airport ...
-
News
Amazon confirms move into B737-800 freighters with Southern Air CMI deal
Amazon Air is moving into B737-800 freighter operations, with a potential for up to 20 aircraft, after Atlas Air Worldwide (AAWW) confirmed that its wholly owned subsidiary, Southern Air, will provide crew, maintenance and insurance (CMI) services to Amazon for the B737 type.In a AAWW Form 8-K filing to the ...
-
NewsAmazon reveals new B737 freighter aircraft
Amazon Air B737-800FAmazon Air is in the process of adding a new freighter aircraft to its fleet but where the aircraft will operate has yet to be confirmed.Dave Clark, senior vice president of operations at the tight lipped e-commerce giant, earlier this week tweeted an image (see above) of a ...
-
News
ATSG looks to its strengthened platform following Amazon extension and Omni deal
Aircraft lessor ATSG saw adjusted revenues and earnings for the year increase by more than 20% in the final quarter of the year.The Wilmington-based firm reported a 27% increase in adjusted fourth-quarter revenues to $280.8m, while adjusted earnings from continuing operations were up 23% to $24.1m.ATSG president and chief executive ...
-
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...