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 […]
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 […]
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 […]
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 […]
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 […]
Precision and ATSG set up A321 freighter conversion joint venture
Precision Aircraft Solutions (PAS) and Air Transport Services Group have formed a joint venture company to develop a passenger-to-freighter conversion for the Airbus A321-200. The company, called 321 Precision Conversions has been set up by PAS and ATSG’s subsidiary Cargo Aircraft Management, aims to gain supplemental type certification for the conversions in 2019, and aims […]
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 […]