Air Transport Services Group

Last updated
Air Transport Services Group Inc.
Company type Public
Nasdaq:  ATSG
Russell 2000 Component
Industry Airlines
Headquarters
Wilmington, Ohio
,
United States
Key people
  • Joe Hete (CEO)
  • Mike Berger (president)
  • Paul Chase (CCO)
  • Joe Payne (CLO)
  • Quint Turner (CFO)
  • Ed Koharik (COO)
  • Matt Fedders (VP & controller)
  • Trisha Frank (VP government programs)
  • Paul Harding (VP information technology)
  • Debbie Loveless (VP Human Capital)
  • Russ Smethwick (VP Corporate Development)
Website www.atsginc.com

Air Transport Services Group Inc. (ATSG) is an American aviation holding company which provides air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, is the world's largest lessor of converted Boeing 767 freighter aircraft through its leasing division, Cargo Aircraft Management. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include Cargo Aircraft Management; ABX Air; Air Transport International; Omni Air International, Airborne Global Solutions; Airborne Maintenance & Engineering Services, including its subsidiary, Pemco Conversions dba Pemco World Air Services; and LGSTX Services. [1]

Contents

ATSG owns a 25 percent equity interest in West Atlantic. [2]

History

ABX Holdings, Inc. was created on 31 December 2007 when ABX Air purchased Cargo Holdings International. [3] On 16 May 2008, the company changed its name to Air Transport Services Group. [4]

In March 2016, ATSG announced an agreement to operate an air cargo network to serve Amazon.com customers in the United States including the leasing of 20 Boeing 767 freighter aircraft by ATSG subsidiary Cargo Aircraft Management; the operation of the aircraft by ATSG airline, Air Transport International; and gateway and logistics services provided by LGSTX Services. The 20 leases will be for five to seven years and operations agreements are for five years. ATSG will also grant Amazon warrants to soon buy 9.99% and up to 19.9% over a five-year period of ATSG common shares. [5] May 2021, Amazon.com exercised ATSG warrants it holds to acquire 19.5% of their common shares, including a cash equity investment of $132 million. [6]

In January 2017, ATSG announced it had acquired Tampa, Florida-based PEMCO World Air Services, [7] a commercial aircraft maintenance, repair & overhaul provider and Boeing 737 passenger-to-freighter conversion house.

On October 2, 2018, ATSG announced that it had agreed to acquire Omni Air International LLC (Omni Air) based in Tulsa, Oklahoma. Omni Air is a passenger ACMI and charter services provider with significant experience serving U.S. and allied foreign governments plus commercial customers. They are a leading provider of passenger airlift services to the U.S. Department of Defense (DoD) via the Civil Reserve Air Fleet (CRAF) program, and a worldwide provider of full-service passenger charter and ACMI services. Omni Air also carries passengers worldwide for a variety of private sector customers and government services firms. Omni Air, founded in 1993, is an FAR Part 121 certificated and IATA Operational Safety Audit registered airline. [8]

In December 2018 it was announced that additional agreements to lease and operated ten additional Boeing 767s for Amazon.com Services, Inc., to extend leases for twenty 767 aircraft ATSG provides to Amazon and extend the operating agreement through which ATSG's airline operate those aircraft in the Amazon Network.

On February 24, 2020, CEO Joe Hete announced his retirement effective on May 7, 2020, after 40 years of service to ATSG and its subsidiary companies. On May 7, 2020, Joe Hete was elected as chairman of the board for ATSG and Rich Corrado was elected CEO and President of ATSG. [1]

In June 2020, Air Transport Services Group, Inc. has deployed a Boeing 767-300 converted freighter in June in support of the DHL Express network in Asia under the terms of a stand-alone ACMI agreement with DHL-Bahrain. [9]

In May 2021, ATSG and Fort Lauderdale aerospace firm GA Telesis announced a joint venture to establish an Engine Services facility in the United States; GA Telesis had previously constructed an engine facility at Helsinki Airport in Finland. It was later announced in 2022 that the Wilmington Air Park in Clinton County, Ohio, was selected to be the site of a Special Procedures Aeroengine Hospital (SPAH). ATSG and GA Telesis received a 1.3 percent tax credit designated for job creation from Ohio's tax credit authority, with JobsOhio also providing financial assistance for the construction, estimating that 50 new high-paying jobs would come to Wilmington through the repair facility. [10] By November 2023, the Wilmington SPAH would receive certification from the American FAA, and later the European Union's EASA in April 2024, initially servicing aircraft engines manufactured by GE Aerospace and CFM International. [11] [12]

In November 2024, the company announced it had reached an agreement to be acquired by Stonepeak. [13]

Subsidiaries

Related Research Articles

Polar Air Cargo Worldwide Inc. is a cargo airline based in Purchase, New York, United States. It operates scheduled all-cargo services to North America, Asia, Europe, and the Middle East. Its main base is Cincinnati/Northern Kentucky International Airport, with hubs at Los Angeles International Airport, Hong Kong International Airport, Narita International Airport and Incheon International Airport near Seoul, South Korea. Polar's parent company is Atlas Air Worldwide Holdings and DHL has a 49% equity interest in the airline.

Atlas Air, Inc. is a major American cargo airline, passenger charter airline, and aircraft lessor based in White Plains, New York. It is a wholly owned subsidiary of Atlas Air Worldwide Holdings. Atlas Air is the world's largest operator of the Boeing 747, with 54 of the type. In 2021, the airline had 4,056 employees and operated to more than 300 global destinations.

<span class="mw-page-title-main">First Air</span> Defunct Canadian airline

Bradley Air Services Limited, operating as First Air, was an airline headquartered in Kanata, a suburb of Ottawa, Ontario, Canada. It operated services to 34 communities in Nunavut, Nunavik, and the Northwest Territories. First Air has assisted in various humanitarian missions such as the 2010 Haiti earthquake, airlifting relief supplies and equipment. Its main base, which included a large hangar, cargo and maintenance facility, was located at Ottawa Macdonald–Cartier International Airport, with hubs at Iqaluit Airport, and Yellowknife Airport. On November 1, 2019, the airline consolidated operations with Canadian North.

Omni Air International, LLC. is a United States charter airline headquartered in Hangar 19 on the grounds of Tulsa International Airport in Tulsa, Oklahoma, United States. It specializes in passenger charter flights and Aircraft, Crew, Maintenance and Insurance (ACMI) wet leasing. Omni Air International is a member of the Civil Reserve Air Fleet as a long-range international carrier. Omni Air International is a FAA Part 121 certificated airline with IATA Operational Safety Audit (IOSA) registration.

ABX Air, Inc., formerly Airborne Express, is a cargo airline headquartered at Wilmington Air Park near the City of Wilmington, Ohio, US. ABX Air operates scheduled, ad hoc charter and ACMI freight services. It also provides flight support services and training. ABX Air is owned by Air Transport Services Group.

SmartLynx Airlines Limited, previously LatCharter, is a Latvia-based ACMI, charter and cargo airline based in Mārupe, operating flights on wet lease out (ACMI), holiday charter flights, ad-hoc passenger charter and cargo flights across Europe, Africa, Asia, Australia, Canada and the United States.

West Atlantic UK Limited, formerly Atlantic Airlines Ltd is a British cargo airline based at East Midlands Airport. It operates contract and ad hoc cargo flights worldwide, especially within Europe as part of the West Atlantic Group. The company's fleet is composed of Boeing 737 and ATR72 aircraft. The airline specialises in the transport of dangerous goods and radioactive products and other specialist aerial work, including oil spill response, dispersant spraying and icing trials. The prime activity of the business is the supply and operating of aircraft to night-time freight integrators and consolidators and the operation of ad hoc air charters on behalf of other airlines, freight brokers and forwarders. Atlantic Airlines merged with the Swedish airline West Air Europe in 2008 to establish the West Atlantic Group.

Air Transport International, Inc. is an airline based in Wilmington, Ohio, United States. It operates worldwide cargo charters and combi charters for the express package industry and freight forwarders, as well as for the United States Department of Defense. It also wet-leases aircraft. Its main base is Wilmington. It is part of the Air Transport Services Group.

<span class="mw-page-title-main">Amerijet International</span> American cargo airline

Amerijet International Airlines, Inc. is an American cargo airline headquartered in Miami, United States. The airline delivers air freight with its fleet of Boeing 757s and Boeing 767s from its main hub at the Miami International Airport to 48 destinations throughout the Caribbean, Mexico, Central and South America. Their network spans 476 destinations throughout the world, including Europe, Asia, the Americas, Africa, and the Middle East.

Capital Cargo International Airlines, Inc. was a cargo airline based in Orlando, Florida, United States from 1995 to 2013. It provided on-demand and wet lease aircraft charter. Its main base was Orlando International Airport. It is owned by the Air Transport Services Group.

Southern Air Inc. was a global air cargo carrier headquartered in Florence, Kentucky. It was the first airline to provide ACMI service for the wide-body Boeing 777F. On November 17, 2021, Southern Air ceased operations upon its merger into Atlas Air.

Global Aviation Holdings Inc. (Global) was the parent company of World Airways, Inc. (World), and North American Airlines, Inc., headquartered in Peachtree City, Georgia, US. Its airline holdings included World and North American along with ATA Airlines until the parent company renamed from Global Aero Logistics to Global Aviation Holdings. ATA, World, and North American all were Part 121 U.S.-certified air carriers providing customized air transportation services for major international passenger and cargo carriers, international freight forwarders, the U.S. military, international leisure tour operators, and international corporations.

<span class="mw-page-title-main">Wilmington Air Park</span> Airport in Wilmington, Ohio

Wilmington Air Park is a public-use airport located two nautical miles (3.7 km) southeast of the central business district of Wilmington, a city in Clinton County, Ohio, United States. While DHL had privately owned the property while operating from the facility, the company agreed to donate the airfield to the Clinton County Port Authority.

West Atlantic is a holding company for two European cargo airlines, West Air Sweden and West Atlantic UK, with its head office in Malmö, Sweden. West Atlantic employ some 650 staff and operate a fleet of 19 aircraft. The airline specializes in the transport of mail, dangerous goods and general cargo.

<span class="mw-page-title-main">Atlas Air Worldwide Holdings</span> American freight and charter airline

Atlas Air Worldwide Holdings, Inc. is an airline holding company based in Purchase, New York. The group owns Atlas Air, Polar Air Cargo, and has a freighter aircraft leasing joint venture with Bain Capital: Titan Aircraft Investments. The company was named after Atlas, a figure in Greek mythology, who carries the sky on his shoulders.

Airborne Maintenance & Engineering Services (Airborne) is an MRO based in Wilmington, Ohio, Ohio, USA at the Airborne Airpark (ILN) and Tampa International Airport (TPA). They provide aircraft maintenance, repair, and overhaul services including Heavy Maintenance, Line Maintenance, Component Repair/Overhaul, Engineering, Manufacturing Services, and Material Sales. Airborne holds a Part 145 FAA Repair Station certificate for its Wilmington location that includes 315,000 sq. ft. of hangar space, 100,000 sq. ft. component facility, and 40,000 sq. ft. material sales warehouse. They also operate line maintenance stations at Greater Cincinnati/Northern Kentucky Airport and Miami International Airport. Airborne also offers Boeing 737 Cargo Conversion services through its subsidiary Pemco Conversions. It is part of the Air Transport Services Group.

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<span class="mw-page-title-main">ASL Aviation Holdings</span> Aviation services group

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<span class="mw-page-title-main">GA Telesis</span> American aviation company

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References

  1. 1 2 "ATSG Holds Annual Meeting of Stockholders". ATSG. Retrieved 2020-06-01.
  2. ↑ "ATSG Acquires Equity Interest in West Atlantic AB". Archived from the original on 2013-12-15. Retrieved 2013-12-10.
  3. ↑ "ABX Deal Completed". Springfield News-Sun. Associated Press. 2 January 2008. p. A9. Retrieved 28 October 2023.
  4. ↑ "ABX Holdings Announces Name Change to Air Transport Services Group". Air Transport Services Group. 16 May 2008. Retrieved 28 October 2023.
  5. ↑ "ATSG, Amazon strike deal for next five years".
  6. ↑ Kym, Parks (May 5, 2021). "ATSG Reports First Quarter 2021 Results".
  7. ↑ "ABX Air parent acquires PEMCO World Air Services". atwonline.com. Retrieved 2017-08-09.
  8. ↑ "Air Transport Services Group to Acquire Omni Air International". ATSG. Retrieved 2020-06-01.
  9. ↑ "ATSG deploys 767 freighters to support DHL network". Global Cargo News. 7 July 2020. Archived from the original on 9 July 2020. Retrieved 7 July 2020.
  10. ↑ Parks, Kym (May 27, 2021). "Greater Cincinnati public company, Florida firm partner on aerospace facility". Cincinnati Business Courier.
  11. ↑ "GA Telesis Engine Services' U.S. SPAH Facility Receives FAA Part 145 Air Agency Certificate". AVIATOR. 2023-11-14. Retrieved 2024-07-09.
  12. ↑ "Rolling Daily Updates | Aviation Week Network". aviationweek.com. Retrieved 2024-07-09.
  13. ↑ Gnau, Thomas (4 November 2024). "New owner to acquire Wilmington air cargo carrier in $3.1B deal". Dayton Daily News. Retrieved 17 November 2024.
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