STOCK TITAN

ABX Air Reaches Tentative Agreement with Pilot Union

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Air Transport Services Group (ATSG) announced that its subsidiary, ABX Air, has reached a tentative agreement to amend its collective bargaining agreement with over 230 pilots. This agreement, if ratified, will extend for six years and aims to enhance ABX Air's competitive position, providing employees with opportunities for career advancement. Specific terms will be disclosed before a ratification vote, expected to conclude by year-end. ATSG is a leading provider of aircraft leasing and air cargo services, operating the largest fleet of converted Boeing 767 freighters.

Positive
  • Tentative agreement with ABX Air pilots may enhance competitive position.
  • Agreement promotes career advancement and financial stability for employees.
Negative
  • None.

WILMINGTON, Ohio--()--Air Transport Services Group, Inc. (ATSG) said today that its ABX Air subsidiary has reached a tentative agreement to amend the collective bargaining agreement with its pilot group, currently numbering more than 230 flight crew members.

ABX Air’s pilots are represented by the Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224 (IBT).

The tentative agreement would extend for six (6) years from the date of ratification by the ABX Air pilots.

We are optimistic that this tentative agreement, if ratified, will give ABX Air the opportunity to compete for new growth and provide all our employees with opportunities for career advancement and financial stability,” said ABX Air president David Soaper, “while ensuring that ABX Air continues to provide the excellent service its customers expect.”

Terms of the tentative agreement were not disclosed but will be presented to the ABX Air pilot group prior to holding a ratification vote. The vote is expected to be completed prior to the end of the year.

About Air Transport Services Group, Inc. (ATSG)

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

Contacts

Quint O. Turner,
ATSG Inc. Chief Financial Officer
937-382-5591

FAQ

What is the recent agreement announced by ATSG regarding its pilots?

ATSG announced a tentative agreement with ABX Air's pilots to amend their collective bargaining agreement for six years.

How many pilots are affected by the ATSG agreement?

The agreement affects more than 230 pilots at ABX Air.

When is the ratification vote for the ATSG pilot agreement expected?

The ratification vote is expected to be completed by the end of the year.

What are the potential benefits of the tentative agreement for ATSG?

The agreement may improve competitive positioning and provide career advancement opportunities for employees.

Air Transport Services Group, Inc.

NASDAQ:ATSG

ATSG Rankings

ATSG Latest News

ATSG Stock Data

1.44B
50.82M
22.23%
81.39%
3.98%
Airlines
Air Courier Services
Link
United States of America
WILMINGTON