ABX Air to Return Four DHL-Owned Freighters
August 27 2014 - 2:00PM
Business Wire
Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that
its airline subsidiary, ABX Air, has received termination notices
from DHL affecting four DHL-owned Boeing 767-200 freighter aircraft
that ABX Air leases and operates within the U.S. under terms of the
Crew, Maintenance and Insurance (CMI) agreement between the
companies. DHL sought bids to operate the aircraft from other
vendors earlier this year.
The notices are effective in late December 2014 for two
aircraft, and in January 2015 for the two remaining aircraft. This
reduction in CMI operations for DHL will likely reduce ATSG’s
earnings from continuing operations by less than one cent per share
in 2015. Excluding those four aircraft, ATSG currently operates 21
freighter aircraft over scheduled routes for DHL, including 17
Boeing 767s and four Boeing 757s.
About ATSG
ATSG is a leading provider of aircraft leasing and air cargo
transportation and related services to domestic and foreign air
carriers and other companies that outsource their air cargo lift
requirements. ATSG, through its leasing and airline subsidiaries,
is the world's largest owner and operator of converted Boeing 767
freighter aircraft. Through its principal subsidiaries, including
two airlines with separate and distinct U.S. FAA Part 121 Air
Carrier certificates, ATSG provides aircraft leasing, air cargo
lift, aircraft maintenance services and airport ground services.
ATSG's subsidiaries include ABX Air, Inc.; Airborne Global
Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft
Management, Inc.; and Airborne Maintenance and Engineering
Services, Inc. For more information, please see
www.atsginc.com.
ATSGQuint Turner, 937-382-5591
Air Transport Services (NASDAQ:ATSG)
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