Post Tagged with: "Air Transport Services Group"

ATSG forecasts “solid growth into the next decade”

ATSG forecasts “solid growth into the next decade”

Aircraft, Asia, Conversions, E-Commerce, Earnings, News May 4, 2017 at 10:37 am

Air Transport Services Group (ATSG) reported first-quarter net income up 21.5% y-o-y to $10.0 million as net revenue jumped 34.1% to $238 million. Operating income for the quarter was up 15.6% to $17.7 million. Adjusting for the impact of non-cash expenses related to warrants associated with ATSG’s agreement with Amazon,Read More

PEMCO launches 737-700 conversion programs, books launch order

PEMCO launches 737-700 conversion programs, books launch order

Aircraft, Asia, Carriers, Conversions, News April 26, 2017 at 9:53 am

SHANGHAI – At the Cargo Facts Asia event in Shanghai today, PEMCO World Air Services formally launched passenger-to-freighter and passenger-to-combi programs for Boeing’s 737-700. PEMCO, which was recently acquired by Air Transport Services Group, also announced a launch order from Bahrain-based Chisholm Enterprises, parent of charter operator Texel Air, forRead More

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Airports, E-Commerce, Express, News, Strategy February 1, 2017 at 9:41 am

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

Asia, Conversions, News, Strategy January 3, 2017 at 10:45 am

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

Carriers, E-Commerce, Express, News, Photos+Videos December 27, 2016 at 10:44 am

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

Carriers, E-Commerce, Express, News, Strategy November 24, 2016 at 10:38 am

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

E-Commerce, Express, News, Strategy November 22, 2016 at 10:56 am

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

Aircraft, E-Commerce, News, Strategy September 28, 2016 at 10:31 am

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