ATSG Delivers Boeing 767-300 Freighter to Euroavia Airlines
Air Transport Services Group (NASDAQ: ATSG) has announced that its subsidiary, Cargo Aircraft Management (CAM), has leased a Boeing 767-300 converted freighter to SLG Worldwide. The aircraft will be subleased to Euroavia Airlines, a cargo airline based in Larnaca, Cyprus. This lease arrangement demonstrates the appeal of ATSG's Lease+Plus package, which offers multiple services including maintenance support.
Mike Berger, CEO of ATSG, emphasized the company's focus on developing freighter capacity in growth markets where economic data supports investment. Martin Zhu, chairman of Euroavia Airlines, expressed enthusiasm about the partnership, stating that the addition will significantly enhance their ability to serve the growing demand in the Eurasia & Middle East region.
Air Transport Services Group (NASDAQ: ATSG) ha annunciato che la sua filiale, Cargo Aircraft Management (CAM), ha noleggiato un cargo convertito Boeing 767-300 a SLG Worldwide. L'aereo sarà subnoleggiato a Euroavia Airlines, una compagnia aerea cargo con sede a Larnaca, Cipro. Questo accordo di leasing dimostra l'attrattiva del pacchetto Lease+Plus di ATSG, che offre diversi servizi, tra cui supporto per la manutenzione.
Mike Berger, CEO di ATSG, ha sottolineato l'impegno dell'azienda nello sviluppo della capacità di trasporto merci in mercati in crescita dove i dati economici giustificano gli investimenti. Martin Zhu, presidente di Euroavia Airlines, ha espresso entusiasmo riguardo alla partnership, affermando che questa aggiunta potenzierà significativamente la loro capacità di soddisfare la crescente domanda nella regione dell'Eurasia e del Medio Oriente.
Air Transport Services Group (NASDAQ: ATSG) ha anunciado que su subsidiaria, Cargo Aircraft Management (CAM), ha alquilado un carguero Boeing 767-300 convertido a SLG Worldwide. La aeronave será subalquilada a Euroavia Airlines, una aerolínea de carga con sede en Larnaca, Chipre. Este acuerdo de arrendamiento demuestra el atractivo del paquete Lease+Plus de ATSG, que ofrece múltiples servicios, incluido el soporte de mantenimiento.
Mike Berger, CEO de ATSG, enfatizó el enfoque de la compañía en desarrollar la capacidad de carga en mercados en crecimiento donde los datos económicos respaldan la inversión. Martin Zhu, presidente de Euroavia Airlines, expresó entusiasmo por la asociación, afirmando que la adición mejorará significativamente su capacidad para atender la creciente demanda en la región de Eurasia y Medio Oriente.
항공운송서비스그룹(Air Transport Services Group, NASDAQ: ATSG)은 자회사인 화물항공기관리(Cargo Aircraft Management, CAM)가 Boeing 767-300 화물기로 전환된 항공기를 SLG Worldwide에 임대했다고 발표했습니다. 해당 항공기는 키프로스 라르나카에 본사를 둔 화물항공사인 Euroavia Airlines에 재임대될 것입니다. 이 임대 계약은 ATSG의 Lease+Plus 패키지의 매력을 보여주며, 유지보수 지원을 포함한 여러 서비스를 제공합니다.
ATSG의 CEO인 Mike Berger는 경제 데이터가 투자를 뒷받침하는 성장 시장에서 화물 용량 개발에 집중하고 있음을 강조했습니다. Euroavia Airlines의 회장인 Martin Zhu는 파트너십에 대한 열정을 표명하며, 이번 추가가 유라시아 및 중동 지역의 증가하는 수요를 충족할 수 있는 능력을 크게 강화할 것이라고 밝혔습니다.
Le groupe Air Transport Services (NASDAQ: ATSG) a annoncé que sa filiale, Cargo Aircraft Management (CAM), a loué un cargo converti Boeing 767-300 à SLG Worldwide. L'avion sera sous-loué à Euroavia Airlines, une compagnie aérienne de fret basée à Larnaca, Chypre. Cet accord de location démontre l'attrait du paquet Lease+Plus d'ATSG, qui offre plusieurs services, y compris le soutien à la maintenance.
Mike Berger, PDG d'ATSG, a souligné l'engagement de l'entreprise à développer la capacité de fret dans les marchés en croissance où les données économiques justifient l'investissement. Martin Zhu, président d'Euroavia Airlines, a exprimé son enthousiasme pour le partenariat, affirmant que cet ajout améliorera considérablement leur capacité à répondre à la demande croissante dans la région de l'Eurasie et du Moyen-Orient.
Die Air Transport Services Group (NASDAQ: ATSG) hat bekannt gegeben, dass ihre Tochtergesellschaft, Cargo Aircraft Management (CAM), einen konvertierten Boeing 767-300-Frachter an SLG Worldwide vermietet hat. Das Flugzeug wird an Euroavia Airlines weitervermietet, einer Frachtfluggesellschaft mit Sitz in Larnaca, Zypern. Diese Leasingvereinbarung zeigt die Attraktivität des Lease+Plus-Pakets von ATSG, das mehrere Dienstleistungen, einschließlich Wartungsunterstützung, bietet.
Mike Berger, CEO von ATSG, betonte den Fokus des Unternehmens auf die Entwicklung der Frachtraumkapazitäten in Wachstumsregionen, in denen die Wirtschaftsdaten Investitionen unterstützen. Martin Zhu, Vorsitzender von Euroavia Airlines, äußerte sich begeistert über die Partnerschaft und erklärte, dass die Ergänzung ihre Fähigkeit, die steigende Nachfrage in der Eurasien- und Nahostregion zu bedienen, erheblich verbessern werde.
- Expansion of ATSG's leasing business with a new customer
- Demonstration of the attractiveness of ATSG's Lease+Plus package
- Entry into the growing Eurasia & Middle East cargo market
- Potential for increased revenue through leasing and additional services
- None.
Insights
ATSG's lease of a Boeing 767-300 freighter to SLG Worldwide, sublease to Euroavia Airlines, demonstrates the company's strategic expansion in the global air cargo market. This deal highlights ATSG's Lease+Plus package, offering comprehensive services beyond just aircraft leasing.
The agreement targets the growing Eurasia & Middle East region, potentially opening new revenue streams for ATSG. While the financial terms aren't disclosed, such leases typically generate stable, long-term income. The deal's impact on ATSG's bottom line will depend on the lease duration and associated service contracts.
Investors should note ATSG's focus on markets poised for growth, indicating a data-driven approach to capital allocation. This strategy could lead to improved asset utilization and returns on investment, potentially benefiting shareholders in the long run.
ATSG's delivery of a Boeing 767-300 freighter to Euroavia Airlines via SLG Worldwide is a strategic move in the air cargo sector. The B767-300F is a versatile mid-size freighter, well-suited for regional and long-haul routes, making it an excellent choice for Euroavia's operations in Eurasia & Middle East.
This transaction underscores the ongoing trend of passenger-to-freighter conversions to meet rising e-commerce demand. ATSG's ability to provide not just the aircraft but also maintenance services through its Lease+Plus package gives it a competitive edge in the market.
The deal also highlights the emergence of new cargo airlines to serve specific regions, a trend that could create more opportunities for aircraft lessors like ATSG. However, investors should monitor how geopolitical factors and economic conditions in the target regions might affect the success of this venture.
“SLG Worldwide is an experienced provider of logistics and aviation services around the world,” said Mike Berger, chief executive officer of ATSG. “Our leasing arrangement with SLG Worldwide in support of a new cargo airline exemplifies the attractiveness of our Lease+Plus package. We can support a new carrier with access to multiple services, including maintenance, ensuring timely delivery of additional capacity to the Eurasia markets.”
"We are thrilled to partner with ATSG to expand capacity with this Boeing 767-300 freighter," stated Martin Zhu, chairman of Euroavia Airlines. "This addition will significantly enhance our ability to serve the growing demand in the Eurasia &
“ATSG continues to develop and evolve global freighter capacity around the globe,” added Berger. “Our focus is on markets poised for growth where the economic data supports and validates our investment and is supported through partnerships with customers who are committed to delivering reliability and capacity to these regions.”
About Air Transport Services Group
Air Transport Services Group (ATSG) is a premier provider of aircraft leasing and cargo and passenger air transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced airlift services. ATSG is the global leader in freighter aircraft leasing with a fleet that includes Boeing 767, Airbus A321, and Airbus A330 converted freighters. ATSG's unique Lease+Plus aircraft leasing opportunity draws upon a diverse portfolio of subsidiaries including three airlines holding separate and distinct
About Euroavia Airlines
Euroavia Airlines is a cargo airline based in Larnaca,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808299980/en/
Kym Parks, Director, Marketing
Air Transport Services Group, Inc.
937-470-5348
Kym.Parks@atsginc.com
Martin Zhu
Euroavia Airlines/SLG Worldwide
516-666-1878
Martin.zhu@slgworldwide.com
Source: Air Transport Services Group, Inc.
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