Recent Freighter Aircraft Transactions

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is available to […]
  • David Harris
  • November 17, 2017

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

This week’s freighter aircraft transactions [VIDEO]

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is available to […]
  • Charles Kauffman
  • October 27, 2017

ATSG forecasts “solid growth into the next decade”

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, net earnings were up 33% […]
  • David Harris
  • May 4, 2017

PEMCO launches 737-700 conversion programs, books launch order

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, for the combi variant. Given the […]
  • David Harris
  • April 26, 2017

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

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’s board recently inked a fifty-year […]
  • Charles Kauffman
  • February 1, 2017

ATSG acquires PEMCO

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 by private equity firm Sun Capital […]
  • David Harris
  • January 3, 2017

Kalitta Air pilots agree to new contract

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. According to the union, the four-year […]
  • David Harris
  • December 27, 2016
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