ATSG adds 777 platform through Omni Air acquisition

Ohio-based Air Transport Services Group, Inc (ATSG) is acquiring Oklahoma-based Omni Air in a deal that will add thirteen additional aircraft to ATSG’s fleet, including the first three 777 aircraft in the aircraft leasing specialist’s portfolio. The cash price of the acquisition is listed at $845 million, and the deal is expected to close later […]

• Caryn Livingston
• October 2, 2018

SF Express to ACMI-lease a 747-400F from Atlas to expedite launch of trans-Pacific ops

Beginning next month, Atlas Air Worldwide Holdings’ Atlas Air subsidiary will operate a 747-400F on an ACMI-basis for Shenzhen-based express carrier SF Express. Widebody 747F operations represent a monumental step for SF, which historically operated a fleet of narrowbody freighters in a domestic express network. In recent years, the carrier has deployed 767-300BCFs on international […]

• Charles Kauffman
• September 21, 2018

ATSG’s appetite for 767Fs to persist beyond 2019

Concurrently with the reporting of its 2Q18 financial results, during a call with financial analysts, Air Transport Services Group (ATSG) doubled-down on its commitment to the 767 platform through 2019 and beyond, signaling that it will add between six and ten of the type in 2019, and is likely to add more in 2020 and […]

• Charles Kauffman
• August 7, 2018

ATSG reports another good quarter

Air Transport Services Group (ATSG) had another great quarter following strong results in 2017, with most of the improvements stemming from a dramatic 211.5% year-over-year increase in the group’s ACMI segment earnings. After recording a US$3.5 million loss in ACMI segment earnings during the first quarter of 2017, 2018’s quarterly results of $3.9 million in […]

• Caryn Livingston
• May 8, 2018

Flexport’s own-operated air freight network grows

In a sign that trans-Pacific air freight capacity remains tight, and rates volatile, yet another forwarder has signed on to dedicated freighter service. Earlier this week, Florida-based Western Global Airlines and US-based digital freight forwarder Flexport inked a three-year deal under which Western Global will operate regular 747-400F flights between Hong Kong (HKG) and Los […]

• Charles Kauffman
• March 9, 2018

The widebody freighter fleet — Part II

Yesterday, in Part I of this analysis of the widebody freighter fleet as it stood at the end of January 2018, we offered an overview of the entire fleet – which carriers are operating which freighters. We concluded Part I with a chart showing every airline that operates widebody jet freighters in commercial service, including […]

• David Harris
• February 13, 2018

The widebody freighter fleet: Growing again, but slowly

Today we begin a multi-part analysis of the worldwide fleet of widebody jet freighters in commercial service, as of 31 January, 2018. We start with a look at the entire fleet – which carriers are operating which freighters – and in the coming days will move on to the ways in which the fleet has […]

• David Harris
• February 12, 2018

ATSG reports adjusted third-quarter net income up 72%

Air Transport Services Group (ATSG) reported a third-quarter net loss of $33 million, as revenue increased 31.5% y-o-y to $254 million. A bad quarter? Hardly. As was the case with Atlas Air Worldwide Holdings, the main cause of the reported loss was a change in the value of warrants issued to Amazon as part of […]

• David Harris
• November 9, 2017