ATSG signs new 767F lease agreement with Air Incheon

Air Transport Services Group (ATSG) has signed a new lease agreement with Air Incheon for one Boeing 767-300 converted freighter and an option for a second. The company says both are set for delivery in 2018, while it has also expanded its dry-leased 767-300 freighter fleet with three deliveries in November. ATSG West Leasing Limited […]

ATSG sees revenue increase in 2016 of 24%

Air Transport Services Group’s (ATSG) revenue increased 24 per cent to $768.9 million in 2016 and it was up 22 per cent in the final quarter of the year. ATSG’s earnings from continuing operations fell though as were $21.1 million in 2016 down from $39 million in 2015 – while it posted a $755,000 loss for the fourth quarter. These […]

GECAS signs deal with Korean Air for five B777F

GE Capital Aviation Services Limited (GECAS) has signed a purchase-and-leaseback transaction with Korean Air for five new Boeing 777 Freighters. The commercial aircraft leasing arm of GE says the 777Fs will be powered by GE90 engines as part of the carrier’s fleet renewal program. Deliveries of the aircraft are scheduled in late 2016 and 2017. Korean Air’s […]

Revenues rise of 5% in 2015 for ATSG

Air Transport Services Group (ATSG) has seen revenues increase 15 per cent to $181.6 million for the fourth quarter of 2015, and were up 5 per cent to $619.3 million for the year. The aircraft leasing firm and air cargo transportation provider reported its consolidated financial results for the year 31 December 2015. Revenues for Cargo Aircraft Management, […]