AIR TRNSPRT SRV : ATSG Contracts for Purchase of Boeing 767-300 Aircraft
09/08/2011| 10:00am US/Eastern
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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
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