Boeing 767

My Freighter Leases Third 767 from ATSG

Retrieved on: 
Monday, March 25, 2024
Air, Transport, Logistics, Supply Chain Management, Other Transport, Air Transport Services Group, A330, ATSG, Airbus, Boeing 767, Airbus A321, Boeing, Aviation, A321, Airline

Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that it has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that it has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan.
  • This delivery marks ATSG’s fourth newly converted Boeing 767-300 dry-lease delivery this year, as outlined in its fourth quarter investor release on February 26, 2024.
  • “Our expanding relationship with My Freighter exemplifies the tangible value of our Lease+Plus strategy,” said Paul Chase, chief commercial officer of ATSG.
  • ATSG's freighter offering, including the Airbus A321 and A330 freighters, is poised to meet increased capacity growth demands in these growing global markets.

ATSG Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Transport, Air, Aircraft, Regulation S-K, Depreciation, Regulation, Item, A321-200, Tax, PIN, ATSG, Investment, Airbus, Form 10-K, Air Transport Services Group, Crew, Boeing 767, Table, ACMI, Projection, Vâlcele, Covasna, CMI, Earnings, GAAP, Boeing, Public expenditure, EPS, Airline

Flying for the U.S. military decreased throughout the quarter, and fewer leased Boeing 767-200 freighters in service continued to affect results at our leasing segment.

Key Points: 
  • Flying for the U.S. military decreased throughout the quarter, and fewer leased Boeing 767-200 freighters in service continued to affect results at our leasing segment.
  • For the fourth quarter and full year, interest expense increased by $6 million and $17 million, respectively.
  • Revenue block hours for ATSG's airlines decreased 4% for the fourth quarter and 1% for 2023 over 2022.
  • ATSG will host an investor conference call on Tuesday, February 27, 2023, at 10 a.m. Eastern Time to review its financial results for fourth quarter and full year 2023, and its outlook for 2024.

ATSG Delivers Boeing 767-300BCF to My Freighter

Retrieved on: 
Monday, November 13, 2023
Logistics, Supply Chain Management, Air, Transportation, Transport, Travel, Air Transport Services Group, A321, Airbus, Chase, Boeing 767, A330, Partnership, Atmosphere, Boeing, Growth, ATSG, Airline

Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that its subsidiary Airborne Global Leasing has delivered a newly converted Boeing 767-300 freighter to new customer My Freighter Cargo Airlines of Tashkent, Uzbekistan under the terms of a multi-year lease.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that its subsidiary Airborne Global Leasing has delivered a newly converted Boeing 767-300 freighter to new customer My Freighter Cargo Airlines of Tashkent, Uzbekistan under the terms of a multi-year lease.
  • “Through its LeasePlus+ service model, ATSG continues to provide unparalleled capacity opportunities to global air cargo customers,” said Paul Chase, chief commercial officer of ATSG.
  • “This delivery to My Freighter expands that reach by building capacity in a region recognized for facilitating trade between Europe and East Asia.”
    My Freighter has provided first-class charter air cargo services in Uzbekistan and Central Asia since 2019.
  • "We are very pleased to announce the start of our long-standing business partnership with Air Transport Services Group,” said Abdulaziz Abdurakhmanov, chief executive officer of My Freighter.

ATSG Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Transport, Air, Aircraft, Omni, Airbus, Adjustment, Continuous operation, Air Transport Services Group, DHL, Earnings, EBITDA, GAAP, Boeing 767, A321, PBC, Earnings before interest, taxes, depreciation and amortization, Tax, EPS, ATSG, A330, COVID-19, Depreciation, A321-200, Travel, Boeing, Airline, Bookkeeping, Amazon

Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.
  • However, both macro and operational pressures throughout the latter part of the quarter materially affected our results.
  • Pre-tax earnings were $12 million in the third quarter, down 51% versus the prior-year quarter.
  • ATSG is updating its full-year 2023 guidance as follows:

Avelo Airlines Upgrades Pilot Compensation

Retrieved on: 
Tuesday, October 10, 2023
US Airways, Aerospace, Retirement, Security, Spirit Airlines, ATA Connection, CASS, Aircraft, Safety, Delta Air Lines, RDU, Shaun Ellis (wolf researcher), Flight Standards District Office, FAA, ILG, Midwest Airlines, Honeywell Aerospace, Marine Corps Air Station Iwakuni, Allegiant Air, JetBlue, Eastern Air Lines, ExpressJet, Aviation, Mesaba Airlines, CFO, Health, Atmosphere of Earth, Flight operations quality assurance, KCM, Propulsion, Grumman A-6 Intruder, Boeing 757, AerSale, America West Airlines, Martin, Boeing 767, Marines, EVP, VP-30, MCO, Boeing 777, BUR, Allegiant, Bombardier Aviation, Travel, Uniform, Life, Copa Airlines, NPS, Management, Airline, Health insurance, American Airlines, United Airlines, Hawaiian Airlines, HVN, Northwest Airlines, Avelo Airlines

HOUSTON, Oct. 10, 2023 /PRNewswire/ -- Avelo Airlines today announced it is upgrading pilot compensation to an hourly rate that exceeds all regional carriers and most Ultra-Low-Cost-Carriers (ULCC). The increase announced today is the fifth pay increase Avelo pilots have received since the airline took flight in April 2021.

Key Points: 
  • Avelo's leadership team embodies more than 400 years of collective aviation experience, including former executives from Allegiant Air, Delta Air Lines, Hawaiian Airlines, JetBlue Airways, Northwest Airlines, Spirit Airlines, United Airlines and US Airways.
  • Chief Pilot Captain Bob Lieser: Captain Lieser brings more than 20,000 flight hours and four decades of commercial aviation and flight operations leadership experience to Avelo.
  • During that period, he has flown for Virgin America, Midwest Airlines, Mesaba Airlines, and, most recently, Allegiant Air.
  • Head of Technical Operations Gary Martin: In addition to 12 years of executive roles at renowned aerospace companies Honeywell Aerospace and Bombardier Aerospace, Martin has held engineering and base maintenance leadership roles with Delta Air Lines, American Airlines, America West Airlines, and Eastern Airlines.

ATSG Completes Record Month of Freighter Deployments

Retrieved on: 
Monday, August 14, 2023
Transportation, Travel, Public Transport, Logistics, Supply Chain Management, Air, Aerospace, Transport, Manufacturing, Aircraft, SkyTaxi (airline), Boeing 767, Boeing, A321, A321-200, A330, ATSG, Raya Airways, Air Transport Services Group, Airbus, Cargojet, Airline

Converted freighter deliveries by the company in the past month, each of which are under lease for a term of seven years, include:

Key Points: 
  • Converted freighter deliveries by the company in the past month, each of which are under lease for a term of seven years, include:
    Two Airbus A321-200 delivered to Raya Airways of Malaysia, which also currently operates three Boeing 767-200 aircraft leased from CAM.
  • A Boeing 767-300 leased to Cargojet Airways of Mississauga, Canada, bringing the total number of their CAM-leased Boeing 767 freighters to four.
  • "We delivered six aircraft to operators in five countries in one month, demonstrating the success of our globalization strategy," said Paul Chase, chief commercial officer of ATSG.
  • "The global demand for our medium-widebody converted freighter aircraft has remained strong due to the continued expansion of global express and e-commerce markets.

ATSG Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Air, Transport, Logistics, Supply Chain Management, Aircraft, Tax, Boeing 767, Boeing, Continuous operation, A321, CAM, Ageing, GAAP, ATSG, EBITDA, PIN, Depreciation, Air Transport Services Group, Earnings before interest, taxes, depreciation and amortization, Airbus, Growth, EPS, Adjustment, Earnings, Corrado, ACMI, Airbus A321, Airline, Bookkeeping

Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the second quarter ended June 30, 2023.
  • Adjusted EBITDA was in-line with the prior year period, despite continuing inflationary effects on our operations versus the second quarter of 2022.
  • Earnings were impacted by the scheduled return of ten 767-200s since June 2022, including seven in the second quarter this year.
  • ATSG will host an investor conference call on Friday, August 4, 2023, at 10 a.m. Eastern Time to review its financial results for the second quarter of 2023, and its outlook for remainder of the year.

Intelsat To Deliver 2Ku Connectivity Upgrade to Japan Airlines

Retrieved on: 
Tuesday, June 6, 2023
Software, Mobile, Wireless, Networks, Internet, Transportation, Technology, Travel, Satellite, Air, Transport, Aerospace, Telecommunications, Manufacturing, Reactions to the Boeing 737 MAX groundings, Boeing, SDS, Aviation, J-AIR, Multimedia, Customer experience, E190, Airline, JAL, Commercial, Embraer E-Jet family, Boeing 767, Embraer, Intelsat, Japan Airlines

Intelsat , operator of the world’s largest integrated satellite and terrestrial network and leading provider of Inflight Connectivity (IFC) services, has reached an agreement with long-time customer Japan Airlines (JAL) to upgrade about 50 Boeing 737s and 767s to the company’s 2Ku inflight connectivity solution.

Key Points: 
  • Intelsat , operator of the world’s largest integrated satellite and terrestrial network and leading provider of Inflight Connectivity (IFC) services, has reached an agreement with long-time customer Japan Airlines (JAL) to upgrade about 50 Boeing 737s and 767s to the company’s 2Ku inflight connectivity solution.
  • View the full release here: https://www.businesswire.com/news/home/20230606005202/en/
    Intelsat To Deliver 2Ku Connectivity Upgrade to Japan Airlines (Photo: Business Wire)
    “We value the trust that JAL has placed in Intelsat throughout our 10-year relationship,” said Dave Bijur, senior vice president of Commercial for Intelsat Commercial Aviation.
  • When completed, J-AIR will be the first regional airline in Japan to offer inflight entertainment and connectivity services.
  • “Intelsat has been a trusted partner of JAL since 2013,” said Mitsuko Tottori, senior vice president of Customer Experience at Japan Airlines.

Boeing, Air Tanzania Celebrate First 767 Freighter Delivery to Africa

Retrieved on: 
Saturday, June 3, 2023
Noise, Culture, Air Tanzania, MAX, Marketing, Boeing 767, Freighter, DAR, NYSE, Safety, Boeing Commercial Airplanes, Airline, Boeing

DAR ES SALAAM, Tanzania, June 3, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Air Tanzania are celebrating the delivery of the airline's first 767-300 Freighter.

Key Points: 
  • DAR ES SALAAM, Tanzania, June 3, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Air Tanzania are celebrating the delivery of the airline's first 767-300 Freighter.
  • The delivery also marks the first direct 767 Freighter delivery from Boeing to an African carrier.
  • "The 767 will enable Air Tanzania to support a journey towards a more sustainable future and time critical cargo schedules across Africa and beyond.
  • Air Tanzania currently operates commercial service across Africa and to destinations in Asia with a fleet that includes two 787-8 Dreamliners.

ATSG Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023
Air, Transport, Logistics, Supply Chain Management, Other Transport, Aircraft, Omni, Tax, Maintenance, Travel, Shareholder, Boeing 767, Boeing, Omni Air International, Continuous operation, Sustainability reporting, A321, A321-200, GAAP, A330, Sale, ATSG, EBITDA, PIN, Depreciation, Annual report, Air Transport Services Group, Earnings before interest, taxes, depreciation and amortization, Airbus, Growth, EPS, Adjustment, Earnings, Corrado, Airbus A330, ACMI, Airbus A321, Airline, Textile, Bookkeeping, Video game, Amazon

Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the quarter ended March 31, 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the quarter ended March 31, 2023.
  • Pretax earnings were a loss of $2 million in the first quarter, versus earnings of $22 million in the first quarter of 2022.
  • ATSG continues to project 2023 capital spending of $850 million, including $260 million in sustaining capex and $590 million for growth.
  • ATSG will host an investor conference call on Friday, May 5, 2023, at 10 a.m. Eastern Time to review its financial results for the first quarter of 2023, and its outlook for remainder of the year.