Imperial Capital Upgrades Air Transport Services Group (ATSG) to Outperform
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ATSG Expands and Extends its Aircraft Leasing and Operating Agreements with Amazon
December 21, 2018 9:00 AM ESTATSG to lease and operate ten more Boeing 767-300 freighters for Amazon, with deliveries of five each in 2019 and 2020; Multi-year lease extensions for ATSGs existing twenty 767s in Amazon network; Extension of network operating agreement through March 2026; Additional warrants increasing Amazons potential ownership of ATSG to 33.2%; Warrant incentives available to Amazon increasing its potential ownership to 39.9% for leasing up to 17 additional freighter aircraft from ATSG
WILMINGTON,... More
ATSG Secures Rights to Fleet of Boeing 767-300ER Aircraft
December 19, 2018 4:01 PM ESTTwenty aircraft to be acquired through 2021 will meet strong e-commerce-driven demand for mid-size freighters
WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body cargo aircraft leasing, passenger and cargo air transport and related services, today announced an agreement with Jetran, LLC to acquire twenty Boeing 767-300 extended-range passenger aircraft from Jetran over the next three years.
The aircraft covered by this agreement are currently operated by American Airlines. They were manufactured between 1993 and 2003, and are powered by General Electric... More
