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

Judge’s decision ends ABX pilot strike

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 planning to ship packages to or […]
  • David Harris
  • November 24, 2016

ABX pilots strike

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 shopping frenzy that runs from Thanksgiving […]
  • David Harris
  • November 22, 2016

Freighter aircraft leasing – Part III

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 to lease a freighter, rather than […]
  • David Harris
  • September 28, 2016

Amazon network ramp-up drives a good quarter at ATSG

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% to $16 million, “reflecting $2.6 […]
  • David Harris
  • August 10, 2016
Page 3 of 5«12345 »