Air Transport Services Group, the largest lessor of freighter aircraft in the world, on Friday said revenue fell 10% in the third quarter because a large number of aircraft with expiring leases were returned, cutting the number of outsourced cargo flights airline subsidiaries fly for large customers.
Financial results were released four days after ATSG (NASDAQ: ATSG) announced plans to go private in a $3.1 billion deal with investment firm Stonepeak. The company said adjusted earnings before...