Post Tagged with: "ACMI"

ATSG ups guidance – where does Amazon fit in?

ATSG ups guidance – where does Amazon fit in?

Carriers, E-Commerce, Express, News, Strategy February 11, 2016 at 10:26 am

US-based Air Transport Services Group issued guidance for stronger fourth-quarter and full-year 2015 results than it had earlier predicted. At the beginning of this week, the company said it now expected that 2015 EBITDA would be “in a range of $196 – $200 million.” This is up 2.5% over itsRead More

Atlas to acquire Southern Air – but it’s all about DHL

Atlas to acquire Southern Air – but it’s all about DHL

Aircraft, Carriers, Express, Premium Newswire, Strategy January 19, 2016 at 10:11 am

Atlas Air Worldwide Holdings (AAWW) signed a definitive agreement to acquire Southern Air Holdings, a privately held US company with two airline subsidiaries – Southern Air, and Florida West International Airways – for US$110 million. Atlas said it expected the acquisition to close “in the next few months,” assuming regulatoryRead More

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

Aircraft, Capacity & Demand, Conversions, Express, Strategy, Traffic December 17, 2015 at 12:21 pm

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service.Read More

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

Aircraft, Capacity & Demand, Conversions, Express, Strategy, Traffic December 17, 2015 at 11:19 am

News of the ramping up of an Amazon logistics unit comes in the wake of something of an open secret that the e-commerce giant is conducting a trial air operation in the US, in partnership with Air Transport Services Group Inc, a publicly traded airfreight company. Less commonly known isRead More

Full speed ahead for ATSG

Full speed ahead for ATSG

Aircraft, Carriers, Earnings, Strategy November 9, 2015 at 10:48 am

Air Transport Services Group (ATSG) reported its third-quarter results, but the real news is what is coming next. The company reported third-quarter net income down 33.8% to $6.5 million, as net revenue from customers rose 2.8% to $142 million. At first glance, a one-third drop in net income might seemRead More

A new partner for lonely ABC?

A new partner for lonely ABC?

Carriers, Premium Newswire, Strategy, Traffic October 13, 2015 at 9:15 am

Russia’s Volga-Dnepr Group has been largely silent on plans for its newest offspring, UK-based startup carrier Cargologicair. The Russian parent company has no explicit documented ties to the new carrier, which sources say will start ACMI services by the end of the year. However, Cypriot businessman and president of Volga-DneprRead More

ATSG, the evolution continues

ATSG, the evolution continues

Carriers, Earnings, Express, News, Strategy August 10, 2015 at 10:49 am

US-based Air Transport Services Group (ATSG) reported second-quarter net income up 13.4% to $10.8 million, despite a slight (0.8%) decline in revenue to $148.4 million. Operating income (EBIT) for the quarter was up 9.3% to $19.8 million. The story behind these big increases in income is interesting, and reflects theRead More

Freighter operation: Jet Airways in, Thai out

Freighter operation: Jet Airways in, Thai out

Carriers, News, Strategy March 24, 2015 at 10:56 am

With regulatory approval in place from the Indian aviation authority, Jet Airways plans to launch freighter operations in April with an A330-200F ACMI-leased from Abu Dhabi-based Etihad Airways. At almost the same time, just across the Bay of Bengal, Thai Airways International will exit the main-deck freighter business and parkRead More