Goodbye Guggenheim Aviation Partners, hello Altavair

New York-based investment house Guggenheim Partners today finalized the sale of its commercial aircraft investment and management business, Guggenheim Aviation Partners (GAP), to the GAP management team. The new standalone company, under the continuing leadership of CEO Steve Rimmer, will operate under the name Altavair, offering commercial aircraft leasing, financing, and management. Altavair’s portfolio of fifty-five […]

Freighter aircraft leasing – Part II

Yesterday we began a multi-part series on freighter aircraft leasing with a look at the way in which a business that was originally fairly straightforward has become increasingly complex – you can see that discussion here. Today we look more closely at the lessors themselves, while tomorrow we will look at the freighter-leasing business from the […]

ATSG reports a strong quarter, will expand owned fleet

US-based Air Transport Services Group reported second-quarter net income up 37.5% y-o-y to $9.5 million, as total revenue rose 8.9% to $189.4 million. Operating income for the quarter was up 27.9% to $18.1 million. ATSG is the world’s biggest lessor of medium widebody freighters, with a 57-unit fleet, including nine 767-300 and forty 767-200 freighters. […]

And still more 767 freighters for Cargojet

Canadian all-cargo carrier Cargojet is buying more 767s. It was only a week ago that we published the news that Cargojet had begun expanding its fleet in preparation for servicing the Canada Post/Purolator contract that will go into effect next year. With the lease of two 767-200Fs from Air Transport Services Group, Cargojet doubled its […]

Grim prospects for widebody freighters?

As we have reported many times, the combination of high fuel costs and low inventory carrying costs for shippers in the current interest rate environment, has made surface transport much more attractive. While this has negative implications for the air freight industry as a whole, the mood at the ISTAT Americas conference this week regarding […]

777F Number Three for TNT

November is a gray, dreary month in the Pacific Northwest, but sometimes there are days where the clouds lift and leave you with bright, but cold, conditions. On Saturday Cargo Facts was on hand for the third flight of TNT’s latest 777F, OO-TSC (msn: 37138) – just a 30 minute loop out over the northern […]
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