ATSG staff raise $400,000 for charity

The Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation, has announced the company’s annual charity drive contributions for 2020 totaled more than $400,000.

This year’s campaign, branded “We Rise By Lifting Others,” invited the more than 5,300 employees who work for ATSG companies around the world to participate in fundraising activities to benefit a range of charitable organizations, including the United Way, American Cancer Society, American Diabetes Association, American Heart Association, American Red Cross, ATSG Cares, Habitat for Humanity, and Wounded Warrior Project, among others.

ATSG and Air Canada Agree to Sale, Conversion and Leaseback of Two Boeing 767 Aircraft

Air Transport Services Group, announced that its Cargo Aircraft Management, Inc. subsidiary has agreed to purchase two Boeing 767-300ER aircraft from Air Canada of Montreal, convert them from passenger to freighter configuration, and lease them back to Air Canada. This is the first sale-leaseback agreement between ATSG and Air Canada.

The first aircraft will be inducted for conversion in March 2021. Both are expected to be redelivered to Air Canada by the end of 2021.

In November 2020, Air Canada announced the next steps in its strategic plan to use converted freighters to grow its cargo business across the global supply chain in response to evolving opportunities in the air freight market.

Pilots agree collective bargaining agreement with ABX Air.

Air Transport Services Group, Inc. confirmed this week that pilot employees of its ABX Air, Inc. subsidiary have voted in favor of an amendment to their Collective Bargaining Agreement with ABX Air.

ABX Air’s pilots are represented by the Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224 (IBT).

“This affirmative vote demonstrates a renewed sense of unity at ABX Air, paving the way for us to work together toward our shared goals of growth and superior customer service,” ABX Air President David Soaper said. “I want to express my appreciation to the leadership and members of Local 1224 for their endorsement of this amended agreement. It represents a crucial step as we pursue future growth opportunities for our airline.”

The amended agreement will become effective January 1, 2021, and amendable six years thereafter. Terms of the amended agreement were not disclosed by ABX Air.

Recommended for you...

ABX Air and pilots agree on new contract

Air Transport Services Group, Inc said yesterday that its ABX Air subsidiary has reached a tentative agreement to amend the collective bargaining agreement with its pilot group, currently numbering more than 230 flight crew members.

ABX Air’s pilots are represented by the Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224 (IBT).

The tentative agreement would extend for six (6) years from the date of ratification by the ABX Air pilots.

“We are optimistic that this tentative agreement, if ratified, will give ABX Air the opportunity to compete for new growth and provide all our employees with opportunities for career advancement and financial stability,” said ABX Air president David Soaper, “while ensuring that ABX Air continues to provide the excellent service its customers expect.”

Terms of the tentative agreement were not disclosed but will be presented to the ABX Air pilot group prior to holding a ratification vote. The vote is expected to be completed prior to the end of the year.

Recommended for you...

ATSG Reports Continued Growth in Third Quarter

ATSG Reports Continued Growth in Third Quarter

Air Transport Services Group,  the leading provider of medium wide-body aircraft leasing, contracted air transportation and related services, today reported consolidated financial results for the quarter and nine months ended September 30, 2020.

ATSG's third quarter 2020 results, as compared with the third quarter of 2019, include:

Customer revenues up 10 percent, or $38.1 million, to $404.1 million.

ATSG's principal business segments, aircraft leasing and air transport, increased revenues by seven percent and 10 percent, respectively, before eliminations.

 

Revenues from other businesses decreased six percent on the same basis.

 

GAAP Earnings from Continuing Operations were a loss of $5.7 million, or $0.10 per share basic, versus a profit of $105.1 million, or $1.78 per share.

 

Quarterly re-measurements of financial instrument values reduced after-tax earnings by $50.5 million and increased them by $90.8 million in the third quarters of 2020 and 2019, respectively. These non-cash impacts in the third quarter each year stemmed primarily from quarterly changes in the traded value of ATSG shares and their impact on ATSG’s liabilities for warrants issued to Amazon.com, Inc.

Adjusted Earnings from Continuing Operations (non-GAAP) rose 48 percent to $31.8 million. Adjusted Earnings Per Share (non-GAAP) were $0.44 diluted, up from $0.31 in 2019

ATSG delivers a Boeing 767 Freighter to Astral Aviation of Kenya

Air Transport Services Group, Inc -. a leading provider of aircraft leasing and air cargo transportation and related services has confirmed the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral has put into service.

“We are pleased to introduce the B767 freighter into our fleet,” said Sanjeev Gadhia, chief executive officer of Astral. “This aircraft will allow us to better serve the needs of our customers throughout our intra-African and Middle East networks, and ATSG’s support and assistance has been indispensable. Establishing a partnership with the world’s largest lessor of 767’s is something we have been after for some time now. I view this as the start to something special for Astral and all of sub-Saharan Africa.”

Astral currently provides scheduled and charter cargo service to more than 50 destinations in Africa and Europe, with its fleet of Boeing 747, Boeing 727, McDonnell Douglas DC-9, BAE ATP, Fokker 50 and Fokker 27 freighters operating out of bases in Nairobi and Liege.

Mike Berger, chief commercial officer of ATSG, said, “ATSG welcomes the opportunity to help Astral broaden its service offerings by delivering its first 767 aircraft, and we look forward to more opportunities to expand our relationship in the future with Sanjeev and his team.”

 

Recommended for you...

Air Transport Services Group to fly another 6 Boeing 767 freighters for Amazon Air

The Air Transport Services Group, Inc. has confirmed this week that it will operate six more Boeing 767 freighters on behalf of Amazon Air under an existing CMI (Crew, Maintenance and Insurance) agreement with ATSG’s subsidiary, Airborne Global Solutions.

ATSG is one of the leading providers of medium wide-body aircraft leasing, air transportation and related services confirmed the commitment from Amazon applies to the first six of the twelve 767 freighters that Amazon agreed in May to lease from ATSG’s Cargo Aircraft Management (CAM) subsidiary by the end of 2021, each lease having a ten-year term. 

The first of the six CAM-leased aircraft began operation for Amazon Air in 2020 and the remaining five CAM-leased aircraft will begin operation in 2021. Including these six aircraft, ATSG projects that its airlines will operate 38 Boeing 767s for Amazon Air by April of next year, 36 of which are leased to Amazon by CAM. The CMI agreement was amended in December 2018 to extend through March 2026, with an option to extend for an additional three years.

ATSG subsidiary Air Transport International will fly all six of the 767s to be added to the Amazon CMI agreement.

Recommended for you...