Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Air Transport Services Group Inc.    ATSG   US00922R1059

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

AIR TRNSPRT SRV : ATSG Contracts for Purchase of Boeing 767-300 Aircraft

09/08/2011 | 10:00am US/Eastern
Recommend:
0

Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that its Cargo Aircraft Management Inc. (CAM) subsidiary has committed to purchase a Boeing 767-300-series extended-range aircraft from Qantas Airways Ltd.

ATSG said it anticipates that CAM will take delivery of its fifth 767-300 aircraft from Qantas in the fourth quarter, and schedule it for conversion from passenger to standard freighter configuration by mid-year 2012. CAM owns four other Boeing 767-300 aircraft and 36 Boeing 767-200 aircraft, all of which are in service as standard freighters or undergoing conversion from passenger to freighter configuration.

Joe Hete, President and CEO of ATSG, said, "This additional 767-300ER aircraft extends our leading global position in the medium wide-body freighter market. Our 14 years of experience operating and maintaining 767s around the world, including the expertise of our veteran 767 flight crews and maintenance personnel, make us the preferred source of 767 freighter airlift for customers seeking a comprehensive solution for missions best suited to the 767's unique performance and fuel-efficiency advantages."

About Air Transport Services Group, Inc. (ATSG)

ATSG is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides air cargo lift, aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG's subsidiaries include ABX Air, Inc.; Air Transport International, LLC; Capital Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; LGSTX Services, Inc.; and Airborne Maintenance and Engineering Services Inc. For more information, please see www.atsginc.com.

Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. There are a number of important factors that could cause Air Transport Services Group's ("ATSG's") actual results to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, changes in market demand for our assets and services, the cost and timing associated with the modification of Boeing 767-300 aircraft, and other factors that are contained from time to time in ATSG's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on ATSG's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ATSG undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

Air Transport Services Group, Inc.
Quint Turner, 937-382-5591


© Business Wire 2011
Recommend :
0
React to this article
Latest news on AIR TRANSPORT SERVICES GRO
3d ago AIR TRANSPORT SERVICES : to Present at Cowen and Company 7th Annual Global Trans..
3d ago AIR TRANSPORT SERVICES : ABX Air to Return Four DHL-Owned Freighters
5d ago AIR TRANSPORT SERVICES : Ames adds airbus models to maintenance capabilities
08/14 AIR TRANSPORT SERVICES : ATSG To Acquire Two Boeing 767-300s Currently Leased by..
08/08 AIR TRANSPORT SERVICES : Atsg board of directors approves share repurchase autho..
08/08 AIR TRANSPORT SERVICES : Atsg to host second quarter 2014 conference call
08/08 AIR TRANSPORT SERVICES : Atsg reports strong second quarter results
08/08 AIR TRANSPORT SERVICES : Atsg to acquire two boeing 767-300s currently leased by..
08/05 AIR TRANSPORT SERVICES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDI..
08/05 AIR TRANSPORT SERVICES : Results of Operations and Financial Condition, Other Ev..
Advertisement
Chart
Duration : Period :
Air Transport Services Gro Technical Analysis Chart | ATSG | US00922R1059 | 4-Traders
Income Statement Evolution
Air Transport Services Gro : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF