Post Tagged with: "ATSG"

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

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

Asia, Carriers, Conversions, News, Strategy November 7, 2016 at 10:46 am

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

Carriers, E-Commerce, Earnings, News August 10, 2016 at 10:38 am

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

Aircraft, Conversions, News, Strategy, Traffic August 4, 2016 at 8:57 pm

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

Aircraft, Conversions, E-Commerce, Express, News May 5, 2016 at 7:07 am

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

Aircraft, Capacity & Demand, Carriers, E-Commerce, News March 21, 2016 at 12:54 pm

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

E-Commerce, Earnings, Express, Premium Newswire March 9, 2016 at 10:42 am

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

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

ASL and  West Atlantic are raising cash

ASL and West Atlantic are raising cash

Aircraft, Carriers, Express, News, Strategy December 29, 2015 at 9:17 am

The front-runner to acquire TNT’s two airlines – in terms of market speculation, anyway – is Ireland’s ASL Aviation Group and its 51% shareholder, Compagnie Maritime Belge (CMB). So it comes as little surprise that ASL has completed a funding round, worth US$110m, for “growth plans.” While no one isRead More