Post Tagged with: "ATSG"

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

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

A new all-cargo carrier in China, another to follow

A new all-cargo carrier in China, another to follow

November 7, 2016 at 10:46 am 0 comments

The Civil Aviation Administration of China (CAAC) said it would grant an air operator’s certificate (AOC) to Guangzhou-based China Air Cargo Corporation, unless there was a credible objection by 18 November. In early December of last year, we reported that the CAAC had granted initial approval to the establishment ofRead 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

Amazon One – the first freighter in Amazon livery

Amazon One – the first freighter in Amazon livery

August 4, 2016 at 8:57 pm 2 comments

Seattle. Just another city. Or maybe not. If you’ve ever ordered something online – a book, a kitchen appliance, a lawn chair, or anything else – Seattle is important to you, because that is where Amazon is (you did order that lawn chair from Amazon, right?). It is also where Boeing Field is,Read More

Atlas scores deal with Amazon for 20 freighters, 20% stake

Atlas scores deal with Amazon for 20 freighters, 20% stake

May 5, 2016 at 7:07 am 0 comments

It’s déjà vu all over again! The dust still hasn’t settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with AmazonRead 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

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

March 9, 2016 at 10:42 am 3 comments

One day after reporting excellent fourth-quarter results, Air Transport Services Group (ATSG) finally broke the news we have been expecting for some time: it has signed a deal with e-commerce giant Amazon to operate an express air network based on twenty ATSG-owned 767 freighters. No huge surprise there, as itRead More