As Amazon fails to deliver and freighters return, ATSG sees profits tumble
“ATSG has never faced such a rapid shift in customer demand as occurred during 2023,” ...
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WILMINGTON, Ohio–(BUSINESS WIRE)–Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that its Cargo Aircraft Management (CAM) subsidiary has completed a new six-year lease of a Boeing 767-300 freighter to Cargojet of Canada.
This freighter is in addition to four other Boeing 767 freighters that CAM has leased to Cargojet, including two added in 2014. Together with agreements with DHL for the lease of two more 767 freighters starting next month, CAM expects to have 27 of its 45 Boeing 767 freighters under lease to third parties by the end of March 2015. The remaining aircraft are leased to CAM’s airline affiliates to operate on behalf of other customers.
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