ATSG Delivers Two Boeing 767s to Georgian Airways
July 29 2024 - 4:01PM
Business Wire
Air Transport Services Group, Inc. (NASDAQ: ATSG) announced
today that its leasing subsidiary Cargo Aircraft Management (CAM)
recently delivered two Boeing 767-300 aircraft to Georgian Airways
LLC of Tbilisi, Georgia under multi-year leases.
One of the two Boeing 767-300s is a passenger aircraft delivered
in June, while the other is a newly converted freighter delivered
in July.
"We are pleased to deepen our partnership with ATSG with these
two aircraft," said David Gaiashvili, general director of Georgian
Airways. "Founded over three decades ago, Georgian Airways has
established itself as a trusted leader in the aviation industry
with a steadfast commitment to safety and a relentless pursuit of
excellence. We are looking forward to growing with ATSG following
its great experience and expertise in the industry."
Georgian Airways offers scheduled, charter and regular flights
across Europe, the Baltic region, the Caucasus, the Black Sea
Region, the Middle East, eastern and southern Asia.
"These leases reflect the growing demand for global air capacity
and reinforce our Lease+Plus strategy, providing comprehensive,
reliable, and flexible leasing solutions for our global customers,"
said Mike Berger, chief executive officer of ATSG. "We are excited
to grow capacity with our existing customers, as it validates the
value ATSG brings to the leasing market. Medium widebody freighters
like the Boeing 767 and Airbus A330 are ideal for cargo airlines
based in Eastern Europe and Western Asia. The geographic location
of Tbilisi is an excellent mid-point for goods flowing out of China
and ultimately destined for Europe, Southeast Asia, and the Middle
East."
About Air Transport Services Group
Air Transport Services Group (ATSG) is a premier provider of
aircraft leasing and cargo and passenger air transportation
solutions for both domestic and international air carriers, as well
as companies seeking outsourced airlift services. ATSG is the
global leader in freighter aircraft leasing with a fleet that
includes Boeing 767, Airbus A321, and Airbus A330 converted
freighters. ATSG's unique Lease+Plus aircraft leasing opportunity
draws upon a diverse portfolio of subsidiaries including three
airlines holding separate and distinct U.S. FAA Part 121 Air
Carrier certificates to provide air cargo lift, passenger ACMI and
charter services. Complementary services from ATSG's other
subsidiaries allow the integration of aircraft maintenance, airport
ground services, and material handling equipment engineering and
service. ATSG subsidiaries comprise ABX Air, Inc.; Airborne Global
Solutions, Inc.; Airborne Maintenance and Engineering Services,
Inc., including its subsidiary, Pemco World Air Services, Inc.; Air
Transport International, Inc.; Cargo Aircraft Management, Inc.;
LGSTX Services, Inc.; and Omni Air International, LLC. For further
details, please visit www.atsginc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240729911522/en/
Quint Turner, Chief Financial Officer Air Transport Services
Group, Inc. 937-366-2303
Air Transport Services (NASDAQ:ATSG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Air Transport Services (NASDAQ:ATSG)
Historical Stock Chart
From Sep 2023 to Sep 2024