Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/08/2011 | 04:00pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIR TRANSPORT SERVICES GRO
03/24 INSIDER TRADING ACTIVITY AIR TRANSPO : ATSG) – Director Sold 1,370 shares ..
03/15 INSIDER TRADING ACTIVITY AIR TRANSPO : ATSG) – Insider Sold 623,433 shares..
03/14 AIR TRANSPORT SERVICES : Revenue Update on Air Transport Services Group
03/08 AIR TRANSPORT SERVICES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDI..
03/08 AIR TRANSPORT SERVICES : House Transportation and Infrastructure Subcommittee on..
03/07 ATSG : Revenue up 24 percent for 2016 ATSG: Revenue up 24 percent for 2016; exp..
03/07 House Transportation and Infrastructure Committee - Hearing
03/06 AIR TRANSPORT SERVICES : misses 4Q profit forecasts
03/06 AIR TRANSPORT SERVICES GROUP, INC. : Results of Operations and Financial Conditi..
03/06 AIR TRANSPORT SERVICES : Aircraft Leasing, Support Services Drive 2016 Revenue G..
More news
Sector news : Air Freight
03/25DJUNITED PARCEL SERVICE : Judge Rules UPS Improperly Shipped Untaxed Cigarettes In..
03/22 Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness
03/22DJFEDEX : Correction to FedEx Earnings Story
03/22DJFEDEX : Margins Decline -- WSJ
03/22DJFEDEX : Braced for a Holiday Crush That Didn't Come
More sector news : Air Freight
News from SeekingAlpha
03/18 Transports Week In Review - Transports Turn Negative For The Year, SPY Remain..
03/15 INSIDERINSIGHTS.COM DAILY ROUND UP 3 : Vrx, codi, med
03/15 Northeast snow puts transportation stocks on watch
03/07 Air Transport Services' (ATSG) CEO Joe Hete on Q4 2016 Results - Earnings Cal..
03/06 After Hours Gainers / Losers
Advertisement
Financials ($)
Sales 2017 915 M
EBIT 2017 102 M
Net income 2017 58,8 M
Debt 2017 558 M
Yield 2017 -
P/E ratio 2017 16,41
P/E ratio 2018 13,07
EV / Sales 2017 1,62x
EV / Sales 2018 1,42x
Capitalization 927 M
More Financials
Chart AIR TRANSPORT SERVICES GRO
Duration : Period :
Air Transport Services Gro Technical Analysis Chart | ATSG | US00922R1059 | 4-Traders
Full-screen chart
Technical analysis trends AIR TRANSPORT SER...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 18,3 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Joseph C. Hete President, Chief Executive Officer & Director
Randy D. Rademacher Chairman
Quint O. Turner Chief Financial Officer & Head-Media Relations
Jeffrey J. Vorholt Independent Director
John Christopher Teets Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIR TRANSPORT SERVICES..-2.57%927
UNITED PARCEL SERVICE,..-8.37%91 320
FEDEX CORPORATION1.03%50 299
DEUTSCHE POST AG0.66%42 116
EXPEDITORS INTERNATION..5.40%10 086
YTO EXPRESS GROUP CO L..-6.00%9 825
More Results