Air Transport Services Group

ATSG Highlights Progress in Third Annual Sustainability Report

Retrieved on: 
Wednesday, April 3, 2024
Other Transport, Security, Aerospace, Manufacturing, Environment, Other Philanthropy, Air, Transport, Asset Management, Sustainability, Finance, Environmental, Social and Governance (ESG), Fund Raising, Professional Services, Foundation, Philanthropy, Technology, Transportation, Travel, Organization, Airbus A330, Risk, ATSG, Airbus, A321, Air Transport Services Group, Computer security, A330, Audit committee

Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.
  • Creating the ATSG Charitable Foundation, a 501(c)(3) non-profit organization dedicated to supporting the communities where ATSG operates.
  • “We are proud of the progress the ATSG team has made in 2023, but we recognize that there is still more work to be done," said Hete.
  • To learn more about ATSG’s environmental, social and governance efforts and view the full Sustainability Report, visit https://www.atsginc.com/responsibility/sustainability.

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 Delivers Additional Boeing 767 Freighter to DHL

Retrieved on: 
Monday, March 18, 2024
Air, Transport, Logistics, Supply Chain Management, Other Transport, Aircraft, Air Transport Services Group, CAM, ATSG, Boeing, DHL, Chase, Airline

Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that it has commenced a new lease agreement with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management (CAM) has leased a 767-300 freighter aircraft to DHL to operate within DHL’s global network.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that it has commenced a new lease agreement with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management (CAM) has leased a 767-300 freighter aircraft to DHL to operate within DHL’s global network.
  • “As one of our longest leasing relationships, we take pride in identifying opportunities to enhance capacity within the DHL network,” said Paul Chase, chief commercial officer of ATSG.
  • “The Boeing 767 remains unrivaled in the medium-widebody freighter market, serving as the backbone for lessees by offering payload capacity and range capabilities to optimize express delivery operations.”
    The agreement will increase the total CAM-leased 767 fleet at DHL to fourteen.
  • “No other company in the world can compete with our bundle of services for midsize freighters, including leasing, air express operations, heavy maintenance, freighter conversions, and logistics services.”

GA Telesis Engine Services' U.S. SPAH Facility Receives EASA Certificate for Engine Maintenance

Retrieved on: 
Tuesday, March 26, 2024
CFM International, Certification, General Electric, Documentation, EASA, ATSG, Transport, Air Transport Services Group, SPAH, European, Telesis, Wilmington Air Park, Airline

With this significant achievement, the joint venture aims to offer rapid jet engine maintenance services to the airline industry, significantly contributing to enhancing performance reliability.

Key Points: 
  • With this significant achievement, the joint venture aims to offer rapid jet engine maintenance services to the airline industry, significantly contributing to enhancing performance reliability.
  • Once fully integrated and operational, the new facility can service up to two hundred engines annually, prioritizing those produced by General Electric and CFM International during the initial phase of operations.
  • We are now able to offer our customers dual release for both EASA and FAA; thus, extending the global reach of our services," said Russ Shelton, President of GA Telesis Engine Strategy Group .
  • "The ability to better serve our global customers enhances the future of not only GA Telesis Engine Services, but the GA Telesis Ecosystem™ ," Shelton added.

ATSG Surpasses $980,000 in Charitable Giving in 2023

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Philanthropy, DEI (Diversity, Equity and Inclusion), Other Transport, Fund Raising, Foundation, Air, Transport, Finance, Other Philanthropy, Environmental, Social and Governance (ESG), Logistics, Supply Chain Management, American Cancer Society, American Heart Association, Education, ATSG, Blood, Golf, Air Transport Services Group, Culture, Gold, United Way, Human, American Red Cross, Tot, Organization, Food security, Humanity, Pharmaceutical industry

Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that its charitable giving in 2023 topped $980,000, a fifteen percent increase over the prior year total.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that its charitable giving in 2023 topped $980,000, a fifteen percent increase over the prior year total.
  • The company’s charitable giving in 2023 included:
    Over $308,000 raised through employee giving campaigns.
  • “At ATSG, we believe that giving back is an essential part of being a responsible corporate citizen,” said ATSG Chairman and CEO Joe Hete.
  • “Their enthusiasm for giving back is truly inspiring, and it is a testament to the strong culture of philanthropy that we have built at ATSG.”

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.

TEAMSTERS PILOTS AT OMNI AIR VOTE OVERWHELMINGLY TO AUTHORIZE A STRIKE

Retrieved on: 
Thursday, February 8, 2024
RLA, International Brotherhood of Teamsters, Omni Air International, ATSG, Defense, ABX Air, Civil Reserve Air Fleet, Railway Labor Act, Atmosphere of Earth, Airline, ACMI, Air Transport Services Group, Aircraft, CRAF

WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- Omni Air International (Omni Air) pilots who are represented by the Airline Professionals Association-Teamsters Local 1224 voted to authorize a strike, with 100 percent of participating members voting in favor of the action. Today's strike authorization allows Teamsters Local 1224's leadership to call a strike on behalf of the pilot group, if necessary and when legally permitted under the Railway Labor Act (RLA).

Key Points: 
  • WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- Omni Air International (Omni Air) pilots who are represented by the Airline Professionals Association-Teamsters Local 1224 voted to authorize a strike, with 100 percent of participating members voting in favor of the action.
  • "This overwhelming vote should be a clear wake up call to Omni's management team that enough is enough," said Captain Paul Rodell, a member of the Omni Air Pilots Executive Council.
  • Omni Air pilots have been in negotiations for an amended collective bargaining agreement for nearly three years.
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) acquired Omni Air in 2018 and operates two other airlines, ABX Air, Inc. and Air Transport International, Inc.
    Omni Air's 350 pilots are represented by the Airline Professionals Association, Teamsters Local 1224, which represents pilots and flight crew members from five airlines operating across the country.

ATSG to Host Fourth Quarter 2023 Investor Conference Call

Retrieved on: 
Wednesday, February 7, 2024
Air, Transport, Logistics, Supply Chain Management, Transportation, Travel, Other Transport, Air Transport Services Group, Webcast, Event, Conference, Conference call, ATSG

Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, February 27, 2024, at 10 a.m. Eastern time to review its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, February 27, 2024, at 10 a.m. Eastern time to review its financial results for the fourth quarter and year ended December 31, 2023.
  • The company will issue its fourth quarter 2023 earnings release on Monday, February 26, 2024, after the stock market closes.
  • Conference call participants must register in advance via a link in the Events & Presentations section of ATSG’s website, www.atsginc.com .
  • Listen-only access to a webcast of the call, including slides, will be available via a separate link on ATSG's website.

ATSG Announces New President of Airline Subsidiary ATI

Retrieved on: 
Thursday, January 25, 2024
Other Transport, Finance, Air, Transport, Professional Services, Aerospace, Manufacturing, Transportation, Logistics, Supply Chain Management, Travel, Aviation, Vâlcele, Covasna, ABX Air, Industrial engineering, Multimedia, Atmosphere of Earth, United Parcel Service, Cabrini University, Industrial, Air Transport Services Group, Betson, Retirement, Mechanics, ATSG, Management

Air Transport Services Group, Inc., (Nasdaq: ATSG) today announced the retirement of James O'Grady, President of Air Transport International, Inc., an airline subsidiary of ATSG, and the appointment of his replacement, Mike Betson.

Key Points: 
  • Air Transport Services Group, Inc., (Nasdaq: ATSG) today announced the retirement of James O'Grady, President of Air Transport International, Inc., an airline subsidiary of ATSG, and the appointment of his replacement, Mike Betson.
  • (Photo: Business Wire)
    O'Grady served as President of ATI since January 2016.
  • Before joining the airline, he held management positions in other ATSG subsidiaries, including serving as Managing Director of Global Flight Source, a subsidiary of ATSG subsidiary Airborne Global Solutions.
  • O'Grady began his career with the company at ATSG subsidiary ABX Air in 1983.

GA Telesis Engine Services Announces the First CFM56-7B and CFM LPT Module Engine Disassembly at the US Facility

Retrieved on: 
Thursday, January 18, 2024
ATSG, Air Transport Services Group, AES

FORT LAUDERDALE, Fla., Jan. 18, 2024 /PRNewswire/ -- GA Telesis Engine Services ("GATES") announces the induction of the first CFM56-7B engine for disassembly and the completion of two CFM56-7B LPT Module Disassemblies at the US-based Specialized Procedures Aeroengine Hospital ("SPAH") in Wilmington, Ohio.

Key Points: 
  • FORT LAUDERDALE, Fla., Jan. 18, 2024 /PRNewswire/ -- GA Telesis Engine Services ("GATES") announces the induction of the first CFM56-7B engine for disassembly and the completion of two CFM56-7B LPT Module Disassemblies at the US-based Specialized Procedures Aeroengine Hospital ("SPAH") in Wilmington, Ohio.
  • The CFM56-7B engine and CFM56-7B LPT Modules were delivered by Aero Engine Solutions ("AES").
  • The inaugural disassembly marks another major milestone for the joint venture between GA Telesis, LLC and Air Transport Services Group, Inc. ("ATSG").
  • The inaugural disassembly with AES illustrates how our valued customers recognize and appreciate the tremendous value generated by our centrally located US facility.