ATSG, DHL Extend Aircraft Leasing and Operating Arrangements
April 30 2019 - 5:40PM
Business Wire
Air Transport Services Group, Inc. (NASDAQ: ATSG) today
announced three-year extensions of agreements under which
subsidiaries of ATSG will continue to lease fourteen Boeing 767
freighter aircraft to DHL and operate eight of those 767s within
DHL’s North American network.
The agreements include:
- The extension of eleven aircraft leases
between DHL and Cargo Aircraft Management (CAM), ATSG’s aircraft
leasing subsidiary. Leases for six 767-200 aircraft currently
operated by a DHL affiliate airline in the Middle East were
extended through March 2022. Leases for five other 767s operated by
ATSG’s affiliate ABX Air, including four 767-300s and one 767-200,
were extended through April 2022. Three other 767-300s that ABX Air
operates are leased to DHL into 2023/24.
- The extension of the aircraft operating
agreement with DHL by ATSG’s subsidiaries, ABX Air and CAM, through
April 2022. ABX Air has provided CMI (crew, maintenance and
insurance) operations for DHL’s North American network since August
2003.
ATSG, through its subsidiary airline Air Transport
International, also operates four CAM-owned Boeing 757 freighters
for DHL under other arrangements.
Joe Hete, President and Chief Executive Officer of ATSG, said,
“We are extremely proud of our 15 year relationship with DHL. Our
airlines remain focused on safe operations that deliver the highest
level of service to our customers. We look forward to many more
years of providing, operating and maintaining aircraft in support
of DHL’s expanding global logistics network, the largest in the
world.”
About Air Transport Services Group, Inc.
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
three airlines with separate and distinct U.S. FAA Part 121 Air
Carrier certificates, ATSG provides aircraft leasing, air cargo
lift, passenger ACMI and charter services, aircraft maintenance
services and airport ground services. ATSG's subsidiaries include
ABX Air, Inc.; Airborne Global Solutions, Inc., and its subsidiary
LGSTX Services, Inc.; Airborne Maintenance and Engineering
Services, Inc., and its subsidiary, Pemco World Air Services, Inc.;
Air Transport International, Inc.; Cargo Aircraft Management, Inc.;
and Omni Air International, LLC. 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. A number of important factors
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; our operating
airlines' ability to maintain on-time service and control costs;
changes in general economic and/or industry specific conditions;
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190430006271/en/
Air Transport Services Group, Inc.Quint Turner, 937-366-2303
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