ATSG

Uzbek airline My Freighter adds 2 more Boeing 767s

My Freighter, a startup cargo airline based in Tashkent, Uzbekistan, has signed long-term leases with Air Transport Services Group for two additional Boeing 767-300 converted freighter aircraft, the U.S. leasing and aviation services company announced on Tuesday.

The deal increases the size of My Freighter’s fleet to five aircraft, all of them medium widebody freighters supplied by Air Transport Services Group (NASDAQ: ATSG) via its Irish leasing subsidiary. The airline received its first 767...

https://www.freightwaves.com/news/uzbek-airline-my-freighter-adds-2-more-boeing-767s

Air Transport Services Group promotes Berger to CEO

Air Transport Services Group, the top air cargo partner for Amazon and largest global lessor of freighter aircraft, on Tuesday named Mike Berger, the current president, to replace Joe Hete as CEO seven months after Hete stepped in to stabilize the company’s finances and stock price during a transitional period.

Hete, who also serves as chairman, has been appointed executive chairman, which means he will continue to play a role in running the holding company. Jeffrey Dominick, who has served for...

https://www.freightwaves.com/news/air-transport-services-group-promotes-berger-to-ceo

ABX pilots win back Amazon business with power of positivity

A new transportation services agreement to operate 10 Boeing 767 cargo jets for Amazon paved the way for pilots at cargo airline ABX Air over the weekend to ratify an extension of their labor contract until 2030, company officials said Tuesday.

Amazon’s assignment of planes to ABX Air was also made possible by union leaders’ more collaborative approach to jointly growing business after a history of tensions and a shortage of captains at sister airline Air Transport International, they said.

Parent...

https://www.freightwaves.com/news/abx-pilots-win-back-amazon-business-with-power-of-positivity

Amazon to rent 10 Boeing 767-300 freighters in fleet upgrade

Amazon has committed to lease 10 additional freighter aircraft from Air Transport Services Group and pay its partner to operate the aircraft over five years as part of a deal that deepens relations between the companies and underscores how the retailer is gaining in the U.S. parcel market.

ATSG (NASDAQ: ATSG) announced late Monday that it will begin flying the Boeing 767-300 cargo jets for Amazon’s logistics network this summer, with the potential to add another 10 aircraft, under a five-year...

https://www.freightwaves.com/news/amazon-to-rent-10-boeing-767-300-freighters-in-fleet-upgrade

ABX Air pilots choose cooperation over confrontation 

LOUISVILLE, Ky. — The exhibit hall at the Omni Hotel here was filled in mid-February with booths representing airlines, logistics providers, airports, truck delivery companies and technology vendors marketing their capabilities to industry peers attending the AirCargo 2024 conference. The stall with a handful of ABX Air pilots from the Teamsters union stood out.

Pilots never attend air logistics conferences, let alone rent space for a display. Why would they? They don’t have anything to sell....

https://www.freightwaves.com/news/abx-air-pilots-choose-cooperation-over-confrontation

Amazon’s return of leased cargo jets hurts ATSG profit

Less leasing demand for freighter aircraft significantly contributed to a 12% reduction in adjusted core operating profit at Air Transport Services Group during 2023, including a 20% decline in the fourth quarter, and to management’s decision to further slash the budget for investment in new equipment. 

Lower revenue and higher costs for ATSG’s transportation segment, especially passenger airline Omni International, also weighed on earnings.

The cargo-oriented aviation company gave a sober...

https://www.freightwaves.com/news/amazons-return-of-leased-cargo-jets-hurts-atsg-profit

Pilots flying Amazon cargo say employer stalling contract talks

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MEMPHIS, Tenn. — The chair of the pilots’ union at Air Transport International, the largest air...

https://www.freightwaves.com/news/pilots-flying-amazon-cargo-say-employer-stalling-contract-talks

ATI cargo pilots give union power to call a strike

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Pilots at Air Transport International, a cargo airline owned by Air Transport Services Group that...

https://www.freightwaves.com/news/ati-cargo-pilots-give-union-power-to-call-a-strike

Cargo airlines throttle back on aircraft leases, ATSG says

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A number of freighter operators are starting to back out of, or postpone, commitments for upcoming...

https://www.freightwaves.com/news/cargo-airlines-throttle-back-on-aircraft-leases-atsg-says

Air Transport Services Group dumps Corrado, names Hete CEO

Air Transport Services Group, a diversified provider of cargo aircraft and transportation services, has fired CEO Rich Corrado and replaced him with Joe Hete, the current chairman of the board who previously ran the company for 17 years.

The announcement late Monday afternoon coincided with the company’s publication of third-quarter earnings after the market closed. ATSG’s (NASDQ: ATSG) revenues increased 1% to $523 million, about $15 million below analysts’ expectations, with earnings per share...

https://www.freightwaves.com/news/air-transport-services-group-dumps-corrado-names-hete-ceo

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