Investec provides senior financing of over US $100m to Airborne Capital
Investec Aviation Finance (Investec) has provided Airborne Capital with US $100m+ of financing as demand for debt in the sector continues to strengthen. This adds to Investec’s record of transactions with Airborne Capital, the specialist aircraft lease and asset manager. READ: Silk Way West targets fleet expansion The senior debt facility was secured against a […]
ATSG hires Mike Berger as chief commercial officer
Air Transport Services Group (ATSG) has hired Mike Berger as chief commercial officer, responsible for the sales and marketing strategy for the ATSG family companies. Berger, who will also take over as president of Airborne Global Solutions, will report to ATSG chief operating officer, Rich Corrado. Prior to this role, Berger, who holds a bachelors […]
Johns elected to the board at ATSG
Air Transport Services Group (ATSG) has elected of Raymond Johns to its board of directors, effective today. Johns is currently executive vice president of FlightSafety International Inc. headquartered in New York, where he leads the design, manufacture, and support of flight simulation equipment and flight training services to government and military organizations worldwide. ATSG chairman, Randy Rademacher […]
Richard Corrado elected as ATSG chief operating officer
The board of directors of Air Transport Services Group (ATSG) has elected Richard Corrado as chief operating officer. The 57-year old has served as chief commercial officer since 2010, and president of its Cargo Aircraft Management (CAM) and Airborne Global Solutions (AGS) subsidiaries. He will continue to report to ATSG president and chief executive officer, […]
ATSG growth continues as midsize freighter leasing expands
Air Transport Services Group (ATSG) has seen its revenues increase 43 per cent and $77 million to $253.2 million in the second quarter (Q2) of this year. ATSG’s airline services operations, and maintenance and logistics businesses, all recorded double-digit revenue increases. GAAP earnings from continuing operations were a loss of $53.9 million and included charges totaling […]