Air Transport Services Group (ATSG) extends its aircraft leasing and operating agreements with DHL


News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.


Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it has signed agreements with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management and ABX Air subsidiaries will continue to lease aircraft to DHL and to operate these aircraft. within DHL’s global network.

The agreements include:

  • Six-year extensions to April 2028 of dry leases for five Boeing 767 freighters that CAM currently leases to DHL, and of the Crew, Maintenance and Insurance (CMI) agreement under which ABX Air operates aircraft freighter for DHL.
  • Extension of the CMI agreement to include two more 767 freighters, bringing the total number operated under this agreement to twelve.

As previously announced, DHL agreed in May 2021 to lease four more 767 freighters from CAM. One was delivered in 2021 and three more will be delivered in 2022, two of which will be operated under the CMI agreement. This will bring the total fleet of 767s leased by CAM from DHL to fifteen.

ABX has been supplying and operating cargo aircraft for DHL, primarily in the United States, since August 2003.

“ATSG is delighted to continue and expand its longstanding support of DHL’s unrivaled global logistics network,” said ATSG Chief Commercial Officer Mike Berger, “and we are proud of the role our airlines continue to play in providing e-commerce and m-commerce satisfaction worldwide.

About Air Transport Services Group, Inc. (ATSG)

ATSG is a leading provider of aircraft leasing, cargo and passenger air transportation and related services to domestic and foreign air carriers and other companies that outsource their cargo and passenger air transportation needs. of passengers. ATSG, through its leasing and airline subsidiaries, is the world’s largest lessor of freighter aircraft as well as the largest owner and operator of converted Boeing 767 freighters. Through its principal subsidiaries, including three airlines holding separate and distinct US FAA Part 121 Air Operator Certificates, ATSG provides aircraft leasing, air cargo transportation, ACMI and charter services. passengers, aircraft maintenance services and airport ground services. ATSG subsidiaries include 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.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

Quint O. Turner

ATSG Inc. Chief Financial Officer

937-366-2303

Source: Airline Services Group, Inc.

Comments are closed.