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 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 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 […]
Revenues increase 31% in Q3 at ATSG
Air Transport Services Group’s (ATSG) revenues increased $60.8 million on the third quarter (Q3) of last year, or 31 per cent, to $254.1 million for Q3 ending on 30 September. Excluding revenues from reimbursable airline expenses, revenues increased $49 million, or 29 per cent. ATSG’s dry leasing, and maintenance and logistics businesses recorded double-digit revenue […]
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, […]
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 […]
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 […]
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 […]
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 […]
Revenues rise in Q2 of 19% for ATSG
Air Transport Services Group (ATSG) has seen revenues rise 19 per cent to $176.5 million in the second quarter (Q2) ending 30 June, compared to the same quarter last year. ATSG says the increase included contributions from 35 Boeing 767 cargo aircraft leased to external customers at 30 June, six more than a year earlier. Eight […]
