ATSG

ATSG Expands Operations in the Amazon Air Network

Retrieved on: 
Monday, May 6, 2024
Air, Transport, Logistics, Supply Chain Management, Other Transport, Boeing 767, Atmosphere of Earth, Air Transport Services Group, ATSG, Amazon Air, Exercise, Boeing, Aircraft, Atmosphere, Airline

Air Transport Services Group, Inc. (Nasdaq: ATSG), a leading provider of medium wide-body cargo aircraft leasing, air cargo transportation and related services, today announced an agreement to operate ten additional Boeing 767 freighters for Amazon.com Services LLC in the Amazon Air network by the end of 2024.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), a leading provider of medium wide-body cargo aircraft leasing, air cargo transportation and related services, today announced an agreement to operate ten additional Boeing 767 freighters for Amazon.com Services LLC in the Amazon Air network by the end of 2024.
  • The operating agreement through which ATSG’s airlines operate those aircraft will be extended to May 2029, with extension rights for five additional years.
  • “We’re pleased to further expand our leading role in the Amazon Air network that we started in 2016,” said Joe Hete, Chairman and CEO of ATSG.
  • This expanded and extended operating agreement is a testament to the dependability of our employees and the reliability we bring to the Amazon Air network,” Hete said.

ATSG Reports First Quarter 2024 Results

Retrieved on: 
Monday, May 6, 2024
Transportation, Air, Transport, Travel, Aircraft, Boeing 767, Table, GAAP, Item, Atmosphere of Earth, Airbus, Depreciation, Air Transport Services Group, Cash flow, ATSG, PIN, Accounting, Regulation S-K, ABX Air, Form, Tax, EPS, Regulation, Boeing, Adjustment, Omni Air International, Earnings, Projection, Airline

Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the first quarter ended March 31, 2024.
  • CAM’s first quarter pretax earnings decreased $21 million, or 61%, to $13 million versus the prior-year quarter.
  • Pretax loss was $3 million in the first quarter, versus a loss of $2 million in the first quarter of 2023.
  • ATSG will host an investor conference call on Tuesday, May 7, 2024, at 10 a.m. Eastern Time to review its results for the first quarter of 2024, and its outlook for the remainder of the year.

ATSG to Host First Quarter 2024 Investor Conference Call

Retrieved on: 
Monday, April 15, 2024
Air, Transport, Logistics, Supply Chain Management, Transportation, Travel, Other Transport, PIN, Air Transport Services Group, ATSG, Event

Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, May 7, 2024, at 10 a.m. Eastern time to review its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, May 7, 2024, at 10 a.m. Eastern time to review its financial results for the first quarter ended March 31, 2024.
  • The company will issue its first quarter 2024 earnings release on Monday, May 6, 2024, after the stock market closes.
  • Slides to accompany management’s discussion may be accessed from the site shortly before the start of the call.
  • Listen-only access to live and replay versions of the call, as well as slides, will be available via separate links at the same ATSG website location.

Abacus Group Appoints New CEO to Drive Global Expansion

Retrieved on: 
Wednesday, April 10, 2024
Managed services, ATSG, D'Ambrosi, MSP, Chairperson, Friedman Fleischer & Lowe, NAFTA, Organization, Growth, Chair, Management

NEW YORK, April 10, 2024 /PRNewswire/ -- Abacus Group, the leading Managed Services Provider ("MSP") to alternative investment firms, today announced that it has appointed Anthony J. D'Ambrosi as its new Chief Executive Officer. Replacing Chris Grandi, who has transitioned to the post of Chairperson, D'Ambrosi expects to more than double the size of the business within the next three years, while further bolstering service delivery capabilities and innovation.

Key Points: 
  • D'Ambrosi brings over three decades of global IT and service provider industry experience and a well-established background in managed services, cybersecurity, and finance.
  • He joins Abacus Group from ATSG, where he was CEO, and has previously held a number of senior executive posts leading and transforming large public and middle-market private service provider organizations.
  • Under his leadership, D'Ambrosi will accelerate the growth of Abacus Group's business across the financial services market on a global scale, both through targeted acquisitions and organic client expansion.
  • Jonathan Bunt, Partner at FFL Partners said: "We are thrilled with Anthony's appointment as the new CEO of Abacus Group.

Abacus Group Appoints New CEO to Drive Global Expansion

Retrieved on: 
Wednesday, April 10, 2024
Managed services, ATSG, D'Ambrosi, MSP, Chairperson, Friedman Fleischer & Lowe, NAFTA, Organization, Growth, Chair, Management

NEW YORK, April 10, 2024 /PRNewswire/ -- Abacus Group, the leading Managed Services Provider ("MSP") to alternative investment firms, today announced that it has appointed Anthony J. D'Ambrosi as its new Chief Executive Officer. Replacing Chris Grandi, who has transitioned to the post of Chairperson, D'Ambrosi expects to more than double the size of the business within the next three years, while further bolstering service delivery capabilities and innovation.

Key Points: 
  • D'Ambrosi brings over three decades of global IT and service provider industry experience and a well-established background in managed services, cybersecurity, and finance.
  • He joins Abacus Group from ATSG, where he was CEO, and has previously held a number of senior executive posts leading and transforming large public and middle-market private service provider organizations.
  • Under his leadership, D'Ambrosi will accelerate the growth of Abacus Group's business across the financial services market on a global scale, both through targeted acquisitions and organic client expansion.
  • Jonathan Bunt, Partner at FFL Partners said: "We are thrilled with Anthony's appointment as the new CEO of Abacus Group.

ATSG Highlights Progress in Third Annual Sustainability Report

Retrieved on: 
Wednesday, April 3, 2024
Other Transport, Security, Aerospace, Manufacturing, Environment, Other Philanthropy, Air, Transport, Asset Management, Sustainability, Finance, Environmental, Social and Governance (ESG), Fund Raising, Professional Services, Foundation, Philanthropy, Technology, Transportation, Travel, Organization, Airbus A330, Risk, ATSG, Airbus, A321, Air Transport Services Group, Computer security, A330, Audit committee

Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of freighter aircraft, has published its 2023 Sustainability Report to provide information about significant sustainability efforts made by the company in 2023.
  • Creating the ATSG Charitable Foundation, a 501(c)(3) non-profit organization dedicated to supporting the communities where ATSG operates.
  • “We are proud of the progress the ATSG team has made in 2023, but we recognize that there is still more work to be done," said Hete.
  • To learn more about ATSG’s environmental, social and governance efforts and view the full Sustainability Report, visit https://www.atsginc.com/responsibility/sustainability.

My Freighter Leases Third 767 from ATSG

Retrieved on: 
Monday, March 25, 2024
Air, Transport, Logistics, Supply Chain Management, Other Transport, Air Transport Services Group, A330, ATSG, Airbus, Boeing 767, Airbus A321, Boeing, Aviation, A321, Airline

Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that it has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that it has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan.
  • This delivery marks ATSG’s fourth newly converted Boeing 767-300 dry-lease delivery this year, as outlined in its fourth quarter investor release on February 26, 2024.
  • “Our expanding relationship with My Freighter exemplifies the tangible value of our Lease+Plus strategy,” said Paul Chase, chief commercial officer of ATSG.
  • ATSG's freighter offering, including the Airbus A321 and A330 freighters, is poised to meet increased capacity growth demands in these growing global markets.

ATSG Delivers Additional Boeing 767 Freighter to DHL

Retrieved on: 
Monday, March 18, 2024
Air, Transport, Logistics, Supply Chain Management, Other Transport, Aircraft, Air Transport Services Group, CAM, ATSG, Boeing, DHL, Chase, Airline

Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that it has commenced a new lease agreement with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management (CAM) has leased a 767-300 freighter aircraft to DHL to operate within DHL’s global network.

Key Points: 
  • Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that it has commenced a new lease agreement with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management (CAM) has leased a 767-300 freighter aircraft to DHL to operate within DHL’s global network.
  • “As one of our longest leasing relationships, we take pride in identifying opportunities to enhance capacity within the DHL network,” said Paul Chase, chief commercial officer of ATSG.
  • “The Boeing 767 remains unrivaled in the medium-widebody freighter market, serving as the backbone for lessees by offering payload capacity and range capabilities to optimize express delivery operations.”
    The agreement will increase the total CAM-leased 767 fleet at DHL to fourteen.
  • “No other company in the world can compete with our bundle of services for midsize freighters, including leasing, air express operations, heavy maintenance, freighter conversions, and logistics services.”

GA Telesis Engine Services' U.S. SPAH Facility Receives EASA Certificate for Engine Maintenance

Retrieved on: 
Tuesday, March 26, 2024
CFM International, Certification, General Electric, Documentation, EASA, ATSG, Transport, Air Transport Services Group, SPAH, European, Telesis, Wilmington Air Park, Airline

With this significant achievement, the joint venture aims to offer rapid jet engine maintenance services to the airline industry, significantly contributing to enhancing performance reliability.

Key Points: 
  • With this significant achievement, the joint venture aims to offer rapid jet engine maintenance services to the airline industry, significantly contributing to enhancing performance reliability.
  • Once fully integrated and operational, the new facility can service up to two hundred engines annually, prioritizing those produced by General Electric and CFM International during the initial phase of operations.
  • We are now able to offer our customers dual release for both EASA and FAA; thus, extending the global reach of our services," said Russ Shelton, President of GA Telesis Engine Strategy Group .
  • "The ability to better serve our global customers enhances the future of not only GA Telesis Engine Services, but the GA Telesis Ecosystem™ ," Shelton added.

ATSG Surpasses $980,000 in Charitable Giving in 2023

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Philanthropy, DEI (Diversity, Equity and Inclusion), Other Transport, Fund Raising, Foundation, Air, Transport, Finance, Other Philanthropy, Environmental, Social and Governance (ESG), Logistics, Supply Chain Management, American Cancer Society, American Heart Association, Education, ATSG, Blood, Golf, Air Transport Services Group, Culture, Gold, United Way, Human, American Red Cross, Tot, Organization, Food security, Humanity, Pharmaceutical industry

Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that its charitable giving in 2023 topped $980,000, a fifteen percent increase over the prior year total.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that its charitable giving in 2023 topped $980,000, a fifteen percent increase over the prior year total.
  • The company’s charitable giving in 2023 included:
    Over $308,000 raised through employee giving campaigns.
  • “At ATSG, we believe that giving back is an essential part of being a responsible corporate citizen,” said ATSG Chairman and CEO Joe Hete.
  • “Their enthusiasm for giving back is truly inspiring, and it is a testament to the strong culture of philanthropy that we have built at ATSG.”