Monday, July 22, 2024

Joe Hete to retire as CEO of ATSG

Joe Hete, 65, will retire as CEO of Wilmington Air Transport Service Group (ATSG), the aircraft leasing and air transport service company, but is expected to stay on the board of directors with probable election as Chairman of the board. He leaves the position after seven years. Rich Corrado will continue his current position of […]

ATSG deploys more 767s as demand grows

Third quarter profits at Air Transport Services Group (ATSG) shot up to $105.3 million helped by increasing business from Amazon. Revenue in the third quarter was up from $204.9 million in 2018 to $366 million, and from $611.5 million in the first nine months of 2018 to $1 billion in 2019. Net earnings for the […]

Richard Corrado elected president of ATSG

The board of directors at Air Transport Services Group has elected Richard Corrado as president, effective from 16 September. As president, Corrado, who has been chief operating officer since September 2017, will be responsible for goal-setting and oversight of all ATSG business. The board has elected Edward Koharik to succeed Corrado as chief operating officer, […]

Omni Air and Amazon help revenue grow for ATSG

Revenue for Air Transport Services Group (ATSG) was up in the second quarter of 2019 helped by the acquisition of Omni Air and more flights for Amazon. Second quarter revenue was $334.5 million compared to $203.6 million in 2018, and first half revenue increased from $406.6 million last year to $682.7 million. Net earnings turned […]

Amazon breaks ground on CVG air cargo hub

Amazon has broken ground on its $1.5 billion Cincinnati/Northern Kentucky International Airport air cargo hub, as pilots continue to highlight workplace issues. Ground was broken on 14 May in a ceremony attended by delegates including the founder and CEO, Jeff Bezos. The air hub is scheduled to open in 2021 and create more than 2,000 […]

ATSG extends leasing and operating deal with DHL

Air Transport Services Group (ATSG) has extended agreements to lease 14 Boeing 767s to DHL and operate eight of those in North America for three years. The agreement includes extending 11 leases between DHL and ATSG’s leasing subsidiary Cargo Aircraft Management. Leases for six 767-200s operated by a DHL affiliate airline in the Middle East […]

Cargo pilots concerned about how airlines are run

Atlas Air extends agreement with DB Schenker

Pilots contracted to fly for Amazon Air and DHL are concerned about the way their airlines are being run, survey results have found. More than 1,200 pilots at Atlas Air Worldwide subsidiaries Atlas Air and Southern Air, and Air Transport Services Group (ATSG) subsidiary ABX Air were asked questions about hiring, retaining, scheduling and more. […]

ATSG delivers 767-200 to SkyTaxi

Air Transport Services Group (ATSG) has delivered a Boeing 767-200 converted freight to SkyTaxi of Poland under a seven-year lease. Through ATSG’s subsidiary Cargo Aircraft Management, SkyTaxi has been granted the option to lease a second 767-200 for delivery in 2019. SkyTaxi operates two Saab 340s from its home base at Copernicus Airport Wroclaw. SkyTaxi […]

ATSG returns to profits, pilots demand better contract

Air Transport Services Group (ATSG) has turned the losses of 2017 into a third quarter profit, but pilots are unhappy at the pace of contract negotiation. In the third quarter of 2018, net earnings were $33.1 million compared to a loss of $32.8 million in the same period last year. For the first nine months […]

E-commerce is not the only driver of growth

So what is driving all this demand? With so much talk in the industry revolving around e-commerce, one could be forgiven for thinking this was the sole driver of air cargo at the moment, writes Donald Urquhart. “It has had a tremendous impact, and consumer demand for instant gratification for delivery coupled with a need […]

ATSG delivers 767-300 converted freighter to Amerijet

Air Transport Services Group (ATSG) has delivered a Boeing 767-300 converted freighter to Amerijet International Airlines under an eight year dry lease. This is the third converted 767-300 that ATSG subsidiary, Cargo Aircraft Management (CAM) has delivered to dry lease customers in 2018, and it expects to complete freighter conversions of seven more 767-300s and […]

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 […]

PEMCO holds ceremony for B737-700 conversion program

PEMCO World Air Services (PEMCO) has held ceremony to mark the cutting of a cargo-door opening in a passenger airframe for the conversion of its first Boeing Next Generation 737-700 Passenger-to-FlexCombi aircraft. The event is a milestone for Bahrain-based Chisholm Enterprises, the customer for this aircraft. Its subsidiary Texel Air, a non-scheduled cargo airline, will […]

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, […]

Amazon’s Prime Day set to be biggest yet as its aircraft fly

Amazon’s Prime Day is set to be biggest in its history for sales, the e-commerce giant announced yesterday as its fleet of Prime Air aircraft took to the skies. The annual event took place for 30 hours from Monday, 10 July and is one of the biggest online retail days in the US shopping calendar. […]

PEMCO pens agreement with GEMECO for P2F conversions

PEMCO World Air Services (PEMCO) has announced an agreement with China-based MRO Guangzhou Aircraft Maintenance Engineering Co (GAMECO) to perform Boeing 737-700, 400 and 300 passenger-to-freighter (P2F) conversions in Asia Pacific. PEMCO is a division of Airborne Maintenance and Engineering Services (AMES) and wholly owned subsidiary of Air Transport Services Group (ATSG) and the agreement follows […]

ATSG subsidiary to lease three B767s to Northern Aviation Services

Air Transport Services Group (ATSG) subsidiary Cargo Aircraft Management (CAM) is to lease three Boeing 767-300 Freighters to Northern Aviation Services to be operated by Northern Air Cargo. CAM will lease three 767-300s to Northern Aviation Services for seven-year terms beginning with the first lease in October 2017, with the potential for additional 767-300s in […]

Revenue grows 38% and profits up at ATSG

Revenue at Air Transport Services Group (ATSG) grew 37.9 per cent to $237.9 million in the first quarter while net earnings were up to $9.9 million. The leasing, transportation and services company says revenue was strong across all business areas, with ACMI revenue up to $144.9 million, ‘other activities’ growing from $55 million in 2016 […]

PEMCO signs deal for 3 P2Fs with YTO Cargo Airlines

PEMCO World Services (PEMCO) has penned an agreement with Chinese carrier YTO Cargo Airlines for three Boeing 737-300 passenger to freighter (P2F) conversions. China-based YTO is currently operating one B737-300 PEMCO-converted aircraft, and will take redelivery of the three aircraft in the fourth quarter of 2017. YTO’s Bruce Lee says: “PEMCO was selected based on […]

ATSG subsidiary acquires PEMCO World Air Services

Air Transport Services Group (ATSG) subsidiary, Airborne Maintenance and Engineering Services (AMES) has acquired PEMCO World Air Services. The companies say acquiring the heavy maintenance, repair and overhaul (MRO) and passenger-to-freighter conversion provider will offer strategic benefits including combining operational strengthens, expanded capabilities and cost savings. ATSG president and chief executive officer, Joe Hete says […]

ATSG posts revenues rise of 36% in Q3

Air Transport Services Group’s (ATSG) revenues increased year-on-year (YOY) by 36 per cent in the third quarter (Q3) ending 30 September to $193.3 million. The lessor says excluding revenues from reimbursements, revenues increased 25 per cent, or $34.3 million and all of ATSG’s principal businesses recorded significant growth for the quarter. ATSG president and chief executive […]

ABX Air makes legal complaint against IBT in pilot dispute

ABX Air has filed a complaint against the International Brotherhood of Teamsters for injunctive and declaratory relief for violations of the Railway Labor Act under the labour agreement between ABX Air and the IBT covering ABX Air’s pilot employees. ABX, the airline subsidiary of Air Transport Services Group, says the IBT, covering the International Brotherhood […]

Amazon shows off first freighter aircraft at Seafair Air Show

Amazon has showcased its first branded freighter aircraft, named Amazon One, at the Seafair Air Show in Seattle. The Atlas Air provided Boeing 767-300 Freighter is the first of 40 aircraft the online retailer has agreed to lease through Atlas Air and ATSG. The aircraft is branded Prime Air, the name of its experimental drone […]