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Air Transport Services Group, Inc. - ATSG STOCK NEWS

Welcome to our dedicated page for Air Transport Services Group news (Ticker: ATSG), a resource for investors and traders seeking the latest updates and insights on Air Transport Services Group stock.

Air Transport Services Group, Inc. (ATSG) is a leading provider of air cargo transportation and related services, catering to both domestic and international clients. With a portfolio of principal subsidiaries, ATSG offers a comprehensive range of solutions including air cargo lift, aircraft leasing, maintenance services, airport ground support, fuel management, and air charter brokerage.

The company's core business revolves around two primary segments: Cargo Aircraft Management (CAM) and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). The ACMI Services segment generates the majority of the company's revenue, showcasing its significant role in the cargo transportation and package delivery sectors.

ATSG's major subsidiaries include ABX Air, Inc., Air Transport International LLC, and Capital Cargo International Airlines, Inc., among others. Additionally, the company operates Airborne Maintenance & Engineering Services, Inc. and Airborne Global Services, Inc., which contribute to its diverse service offerings.

Recently, ATSG, in collaboration with GA Telesis, LLC, achieved a significant milestone by obtaining an Air Agency Certificate from the European Union Aviation Safety Agency (EASA) for their joint venture, the Specialized Procedures Aeroengine Hospital (SPAH) at the Wilmington Air Park in Ohio. This certification allows the joint venture to offer rapid jet engine maintenance services, enhancing performance reliability for up to 200 engines annually.

ATSG's robust infrastructure and strategic partnerships have enabled it to expand its global footprint, providing innovative solutions and ensuring customer success. The company's mission is further supported by its high-quality repair and overhaul services, as well as its advanced supply chain capabilities.

For more information, please visit the official website at www.atsginc.com.

News

My Freighter Leases Third 767 from ATSG

Rhea-AI Summary
Air Transport Services Group, Inc. (ATSG) delivers a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Uzbekistan, marking its fourth such delivery this year. The delivery aligns with ATSG's Lease+Plus strategy to meet global freight market demand, focusing on Central and Southeast Asia. ATSG's commitment to expanding its global leasing network showcases its dedication to serving e-commerce integrators and express carriers.
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ATSG Delivers Additional Boeing 767 Freighter to DHL

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Air Transport Services Group, Inc. (ATSG) announces a new lease agreement with DHL Network Operations for a 767-300 freighter aircraft, enhancing capacity within DHL's global network. The agreement increases the CAM-leased 767 fleet at DHL to fourteen, showcasing ATSG's Lease+Plus strategy.
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ATSG Surpasses $980,000 in Charitable Giving in 2023

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Air Transport Services Group, Inc. (ATSG) reported a significant increase in charitable giving in 2023, reaching over $980,000, a fifteen percent rise from the previous year. The company's philanthropic efforts included employee giving campaigns, charity golf outings, and corporate donations to various causes aligned with its values. ATSG's commitment to corporate social responsibility and community support was highlighted through contributions to organizations such as the United Way, Habitat for Humanity, and Dolly Parton's Imagination Library.
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ATSG Reports Fourth Quarter and Full-Year 2023 Results

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Air Transport Services Group, Inc. (ATSG) reports lower 2023 financial results compared to 2022, with decreased revenues and earnings, but projects improved cash flow in 2024 due to reduced capital expenditures. Despite challenges in leasing and airline operations, ATSG remains optimistic about future growth opportunities.
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TEAMSTERS PILOTS AT OMNI AIR VOTE OVERWHELMINGLY TO AUTHORIZE A STRIKE

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Omni Air International pilots represented by the Airline Professionals Association-Teamsters Local 1224 have voted to authorize a strike, with 100% of participating members voting in favor. The pilots have been in negotiations for a new contract for nearly three years, and despite eight months of federally mediated negotiations, no progress has been made. The pilots are demanding a fair contract that recognizes their contributions to the company. This comes as Omni Air's strategy of attempting to force substandard contract terms on pilots is causing significant damage to the operation, leading to the loss of some of their best pilots and struggles to replace them.
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ATSG to Host Fourth Quarter 2023 Investor Conference Call

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Air Transport Services Group, Inc. (ATSG) will host an investor conference call on February 27, 2024, to review its financial results for the fourth quarter and year ended December 31, 2023. The company will issue its fourth quarter 2023 earnings release on February 26, 2024. Participants must register in advance via the company's website. Listen-only webcast access and slides will also be available.
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ATSG Announces New President of Airline Subsidiary ATI

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Air Transport Services Group, Inc. (ATSG) announced the retirement of President James O'Grady and the appointment of Mike Betson as his replacement. O'Grady, who served as President of Air Transport International, Inc. since 2016, retired after a 40-year career in aviation. Betson, who has been the Chief Operating Officer of ATI since 2021, previously held a leadership position at United Parcel Service. Joe Hete, chairman and CEO of ATSG, praised O'Grady's dedication and welcomed Betson's leadership. The transition is expected to ensure ATI's continued success.
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GA Telesis Engine Services' U.S. SPAH Facility Receives FAA Part 145 Air Agency Certificate

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Air Transport Services Group, Inc. (NASDAQ: ATSG) and GA Telesis, LLC announced that their joint venture, Specialized Procedures Aeroengine Hospital (SPAH), has received a 14 CFR Part 145 Air Agency Certificate from the U.S. Federal Aviation Administration. The new facility at the Wilmington Air Park in Ohio will offer quick-turnaround jet engine maintenance, with a focus on General Electric and CFM International engines. This milestone marks a significant step in enhancing performance reliability for the airline industry.
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ATSG Delivers Boeing 767-300BCF to My Freighter

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Air Transport Services Group, Inc. (NASDAQ: ATSG) has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan under a multi-year lease. This delivery expands ATSG's capacity opportunities for global air cargo customers, particularly in the region facilitating trade between Europe and East Asia. My Freighter's CEO expressed satisfaction with the new partnership and the addition of the Boeing 767-300BCF to their fleet, anticipating mutual benefits and sustainable growth. ATSG's LeasePlus+ model is set to offer A330 freighters in 2024, supporting e-commerce and express customers in growing regions like central and south Asia.
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ATSG to Present at the Stephens Annual Investment Conference NASH2023

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ATSG Announces Webcast Presentation at Stephens Annual Investment Conference, Discussing Business Model and Growth Strategy
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FAQ

What is the current stock price of Air Transport Services Group (ATSG)?

The current stock price of Air Transport Services Group (ATSG) is $21.96 as of November 21, 2024.

What is the market cap of Air Transport Services Group (ATSG)?

The market cap of Air Transport Services Group (ATSG) is approximately 1.4B.

What services does Air Transport Services Group, Inc. offer?

ATSG offers air cargo transportation, aircraft leasing, maintenance services, airport ground support, fuel management, and air charter brokerage.

Which segments generate the majority of ATSG's revenue?

The ACMI Services (Aircraft, Crew, Maintenance, and Insurance) segment generates the majority of ATSG's revenue.

What recent achievements has ATSG accomplished?

ATSG recently obtained an Air Agency Certificate from EASA for its joint venture, the Specialized Procedures Aeroengine Hospital (SPAH), enhancing jet engine maintenance capabilities.

What are the major subsidiaries of ATSG?

Major subsidiaries include ABX Air, Inc., Air Transport International LLC, Capital Cargo International Airlines, Inc., Airborne Maintenance & Engineering Services, Inc., and Airborne Global Services, Inc.

What types of aircraft does ATSG's fleet include?

ATSG's fleet includes Boeing 767, Airbus A321, and Airbus A330 converted freighters.

Where can I find more information about ATSG?

For more details, visit the official website at www.atsginc.com.

What is the Specialized Procedures Aeroengine Hospital (SPAH)?

SPAH is a joint venture between ATSG and GA Telesis offering rapid jet engine maintenance services, certified by EASA to enhance performance reliability.

What is the significance of the EASA certification for ATSG?

EASA certification allows ATSG to offer dual-release return to service documentation, extending the global reach of its maintenance services.

What is the primary mission of ATSG?

ATSG's mission is to provide innovative solutions ensuring customer success through high-quality services and strategic partnerships.

What are the key business segments of ATSG?

The key business segments are Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance).

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Air Transport Services Group, Inc.

Nasdaq:ATSG

ATSG Rankings

#2251 Ranked by Market Cap
N/A Ranked by Dividends

ATSG Stock Data

1.44B
50.82M
22.23%
81.39%
4.22%
Airlines
Air Courier Services
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United States of America
WILMINGTON