Welcome to our dedicated page for Air Transport Services Grp news (Ticker: ATSG), a resource for investors and traders seeking the latest updates and insights on Air Transport Services Grp stock.
Air Transport Services Group, Inc. (NASDAQ: ATSG) features prominently in news coverage as a global leader in medium widebody freighter aircraft leasing, air transport operations, and related aviation support services. Company news frequently highlights its role in aircraft leasing, contracted cargo and passenger transportation, and the broader air logistics ecosystem.
Recent releases describe ATSG’s consolidated financial results, including quarterly and full-year performance for its Cargo Aircraft Management (CAM) and ACMI Services segments. These updates discuss trends in revenues, pretax earnings, adjusted non-GAAP metrics, free cash flow, and operating statistics such as cargo and passenger block hours. Investors following ATSG news can see how the company’s leasing activity, aircraft conversions, and flight operations contribute to its reported results.
Another major theme in ATSG news is corporate transactions. The company has announced a definitive agreement to be acquired by Stonepeak in an all-cash transaction and later reported that its stockholders approved the proposed merger, with closing subject to customary conditions and regulatory approvals. Additional releases cover related milestones such as the expiration of a “go-shop” period and the impact of the acquisition on holders of ATSG’s convertible senior notes, including the occurrence of a “Fundamental Change” and “Make-Whole Fundamental Change” under the applicable indenture.
Operational news items describe aircraft deliveries and leasing activity, such as the delivery of a Boeing 767-300 converted freighter under a long-term lease to CAMEX Airlines, and the leasing of additional freighters to external customers. Other stories cover partnerships and initiatives, including a joint venture engine services facility with GA Telesis and an educational alliance with Purdue Global to support employee learning. Readers who follow ATSG news can track developments in its fleet, customer relationships, financial performance, and the progress of its planned acquisition by Stonepeak.
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Air Transport Services Group (NASDAQ: ATSG) announced that pilots of its subsidiary ABX Air have approved an amendment to their Collective Bargaining Agreement. This vote, supported by the Airline Professionals Association of the IBT, reflects a unified approach towards growth and enhanced customer service. The amended agreement will take effect on January 1, 2021, and will remain amendable for six years. Specific terms of the agreement were not disclosed. ATSG is a leading provider in aircraft leasing and air cargo services, operating the largest fleet of converted Boeing 767 freighter aircraft.
Air Transport Services Group (ATSG) announced that its subsidiary, ABX Air, has reached a tentative agreement to amend its collective bargaining agreement with over 230 pilots. This agreement, if ratified, will extend for six years and aims to enhance ABX Air's competitive position, providing employees with opportunities for career advancement. Specific terms will be disclosed before a ratification vote, expected to conclude by year-end. ATSG is a leading provider of aircraft leasing and air cargo services, operating the largest fleet of converted Boeing 767 freighters.
Air Transport Services Group (Nasdaq: ATSG) will present a webcast at the 2020 Stephens Investment Conference on November 18, 2020, at 8:00 a.m. Eastern time. The presentation, led by CEO Rich Corrado and CFO Quint Turner, will cover ATSG's business model as a top independent provider of converted Boeing 767 freighter aircraft and will highlight recent developments, including their Q3 2020 financial results and new leasing agreements. The presentation will be accessible live and on-demand for 10 days via www.atsginc.com.
Air Transport Services Group (NASDAQ: ATSG) announced the delivery of a converted Boeing 767-300ER freighter to Cargojet Airways under a seven-year lease agreement. This partnership reflects ATSG's growth and commitment to meeting customer demands. Cargojet, a leading overnight air cargo provider in Canada, carries over eight million pounds of cargo weekly and serves 15 major cities. ATSG's ability to convert Boeing 767s into freighters enhances its operational capabilities within the air cargo market.
Air Transport Services Group (ATSG) has delivered its first Boeing 767-200 converted freighter to Astral Aviation under a five-year lease. This marks a significant milestone as it is both the first aircraft ATSG has leased to Astral and the first Boeing 767 in Astral's fleet. Astral aims to enhance its service capabilities across Africa and the Middle East, with over 50 destinations served. ATSG continues to solidify its position as the world’s largest lessor of 767 freighters, contributing to growth in the air cargo sector.
Air Transport Services Group (ATSG) will host an investor conference call on October 30, 2020, at 10 a.m. ET to discuss its Q3 2020 financial results. The earnings release will be available on October 29, 2020, after market close. Participants can join the call by dialing (800) 708-4540 or (847) 619-6397 for international calls, using the passcode 49994622. The call will be webcast live on ATSG's website, with a replay available after 2 p.m. ET on the same day. ATSG specializes in aircraft leasing and air cargo services, operating numerous subsidiaries and a fleet of Boeing 767 freighter aircraft.