Post Tagged with: "Air Transport Services Group"

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

February 1, 2017 at 9:41 am 0 comments

Yesterday, Seattle-based Amazon announced that it will shutter operations at Wilmington Air Park (ILN) in Ohio, and construct a new US$1.49 billion “centralized air hub” to support its Prime Air operations at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. In parallel, CVG Airport’sRead More

ATSG acquires PEMCO

ATSG acquires PEMCO

January 3, 2017 at 10:45 am 0 comments

Air Transport Services Group (ATSG) significantly expanded its MRO footprint (and added a new conversion business) with the acquisition, announced this morning, of US-based MRO and conversion company PEMCO World Air Services. The acquisition was made through ATSG’s MRO subsidiary Airborne Maintenance and Engineering (AMES). PEMCO, which was owned byRead More

Kalitta Air pilots agree to new contract

Kalitta Air pilots agree to new contract

December 27, 2016 at 10:44 am 0 comments

Pilots at US-based ACMI and charter operator Kalitta Air voted overwhelmingly to ratify a new contract. The International Brotherhood of Teamsters, which represents the Kalitta pilots, said a twenty-one day voting period ended on 20 December, with 234 pilots voting in support of the new deal, and 17 voting against.Read More

Judge’s decision ends ABX pilot strike

Judge’s decision ends ABX pilot strike

November 24, 2016 at 10:38 am 0 comments

Late yesterday, US District Court Judge Timothy Black ruled that a strike by pilots at ABX Air was not permissible, and that the pilots must return to work. While this is good news for US consumers planning to shop online with Amazon over the Thanksgiving holiday, and for businesses planningRead More

ABX pilots strike

ABX pilots strike

November 22, 2016 at 10:56 am 1 comment

Update 23 November: A judge in the United States District Court, Southern District of Ohio, will hold an evidentiary hearing on the case late today (Wednesday), but until he reaches a decision, the strike looks set to continue. This morning, four days before Black Friday, the beginning of the annual consumer shoppingRead More

Freighter aircraft leasing – Part III

Freighter aircraft leasing – Part III

September 28, 2016 at 10:31 am 0 comments

Today we conclude our three-part series on freighter aircraft leasing. In Part I and Part II we looked at the subject from the point of view of the leasing companies, today we turn from lessors to carriers, and ask a basic question: Why lease? Why would an airline choose toRead More

Amazon network ramp-up drives a good quarter at ATSG

Amazon network ramp-up drives a good quarter at ATSG

August 10, 2016 at 10:38 am 0 comments

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4%Read More

Details emerge regarding Amazon’s ATSG Warrants

Details emerge regarding Amazon’s ATSG Warrants

March 21, 2016 at 12:54 pm 0 comments

News of Amazon’s planned foray into the air express network broke on March 8 when Air Transport Services Group (ATSG) announced it would operate twenty 767 freighters on Amazon’s behalf out of its Wilmington, OH hub. The deal however, was not limited to planes, it also granted Amazon warrants exchangeableRead More