Air Transport Services Group, Inc. said its subsidiary, Airborne Maintenance and Engineering Services, Inc. (AMES), has acquired PEMCO World Air Services, Inc., a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions. Financial details of the acquisition were not revealed by ATSG, but the group did say that no PEMCO debt was assumed in connection with the acquisition. ATSG said the acquisition … [Read more...] about ATSG acquires P2F specialist PEMCO
Joe Hete
ATSG, DHL extend agreement through March 2019
Air Transport Services Group has completed a new agreement that extends its support of DHL’s air cargo network in the US through at least March 2019. Principal elements of the new agreement include: Extended dry leases through March 2019 for the 13 Boeing 767 freighters currently leased to DHL for its US air network. New dry leases of two Boeing 767 freighters through March 2019. ABX Air’s continued operation of the fifteen Boeing 767 freighters leased to DHL through March 2019. … [Read more...] about ATSG, DHL extend agreement through March 2019
ATSG reports strong 3Q results
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended 30 September 2014. Pre-tax earnings from continuing operations increased 25 per cent to US$15.6 million driven by a US$7.0 million improvement in airline profitability compared with a year ago. Nett earnings from continuing operations increased 23 per cent to US$9.6 million, from US$7.8 million in the third … [Read more...] about ATSG reports strong 3Q results
