ATSG Completes Record Month of Freighter Deployments

Rhea-AI Summary

ATSG: Record Six Converted Freighters Delivered in One Month, Global Leasing Demand Remains Strong

Positive

• Record deliveries of six converted freighters in one month showcase the success of ATSG's globalization strategy
• Strong global demand for medium-widebody converted freighter aircraft due to the expansion of global express and e-commerce markets
• Continued delivery of 767 converted freighters and introduction of A321 and A330 freighters in 2023 and 2024 respectively to meet market demand

Negative

• None.

Global Leasing Demand for Converted Midsize Cargo Aircraft Remains Strong

WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, announced today that its leasing subsidiary Cargo Aircraft Management (CAM) has delivered a record six converted freighters under lease in one month to customers around the globe, bringing ATSG’s total deliveries this year to nine.

Converted freighter deliveries by the company in the past month, each of which are under lease for a term of seven years, include:

• Two Airbus A321-200 delivered to Raya Airways of Malaysia, which also currently operates three Boeing 767-200 aircraft leased from CAM.
  
• A Boeing 767-300 leased to Cargojet Airways of Mississauga, Canada, bringing the total number of their CAM-leased Boeing 767 freighters to four.
  
• A Boeing 767-300 leased to new customer Georgian Airlines LLC of Tbilisi, Georgia.
  
• A Boeing 767-300 leased to Amerijet International Airlines of Miami, Florida. CAM now leases a total of ten Boeing 767-300 freighters to Amerijet.
  
• A Boeing 767-300 leased to SkyTaxi of Wroclaw, Poland. SkyTaxi also leases two Boeing 767-200 freighters from CAM.

"We delivered six aircraft to operators in five countries in one month, demonstrating the success of our globalization strategy," said Paul Chase, chief commercial officer of ATSG. "The global demand for our medium-widebody converted freighter aircraft has remained strong due to the continued expansion of global express and e-commerce markets. We are meeting this demand by continuing to deliver 767 converted freighters while also introducing A321 and A330 freighters to the market in 2023 and 2024 respectively."

About Air Transport Services Group

ATSG is a leading provider of aircraft leasing and cargo and passenger air transportation and related services to domestic and foreign air carriers and other companies that outsource their cargo and passenger airlift 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230814686617/en/

Paul Chase, Chief Commercial Officer

Air Transport Services Group, Inc.

937-366-2303

Source: Air Transport Services Group

FAQ

What is the ticker symbol of Air Transport Services Group, Inc.?

The ticker symbol is ATSG on the Nasdaq stock exchange.

How many converted freighters has Cargo Aircraft Management (CAM) delivered this year?

CAM has delivered a total of nine converted freighters this year.

What is the lease term for the delivered freighters?

Each delivered freighter is leased for a term of seven years.

Which new customer leased a Boeing 767-300 from CAM?

Georgian Airlines LLC of Tbilisi, Georgia is the new customer that leased a Boeing 767-300 from CAM.

What new freighter aircraft will ATSG introduce to the market in 2023 and 2024?

ATSG will introduce A321 and A330 freighters to the market in 2023 and 2024 respectively to meet market demand.