Air Transport Services Group (ATSG) orders 767 additional conversions


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Air Transport Services Group, Inc. (Nasdaq:ATSG), the world’s largest owner and operator of converted Boeing 767 aircraft, today announced that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing ( NYSE: BA) for the conversion of four CAM-owned 767-300 aircraft to Boeing Converted Freighters (BCF), with an option for four additional conversions beyond that. Conversions are expected to begin in late 2023.

“Demand for the 767-300 platform remains strong among e-commerce and express providers,” said Mike Berger, chief commercial officer of ATSG. “As the world’s leading midsize cargo charter company, ATSG is committed to delivering on our 360-degree brand promise to provide broad-spectrum support to our customers around the world as they continue to grow their market share and expand their reach.

ATSG’s initial order for four 767-300BCF conversions was announced in November 2021. With these four additional Boeing conversion commitments, ATSG has now secured over 80 passenger-to-cargo conversion slots from its conversion suppliers over the past few years. next five years.

“We are delighted that ATSG has again selected the 767-300BCF to augment its portfolio and fleet growth for e-commerce and express customers worldwide,” said Jens Steinhagen, Boeing Converted Freighter Program Manager. . “The 767-300BCF is in high demand, and we are adding three additional 767-300BCF conversion lines at new and existing MRO providers around the world to help customers like ATSG provide their customers with the dedicated cargo capacity they need. need.”

About Airline Services Group

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

Chief Financial Officer of ATSG

937-366-2303

Charles Kaufman

Boeing Global Services Communications

[email protected]

Source: Airline Services Group, Inc.

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