||AIR TRANSPORT SERVICES GROUP
||+1 (501) 615-3500
||+1 (501) 603-2097
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TIN-2005 9 MTHS
FORMED IN 1978 AND STARTED OPERATIONS IN 1979. FORMERLY "INTERSTATE AIRLINES." PROVIDES WORLDWIDE, CARGO CHARTERS, FOR THE EXPRESS-PACKAGE INDUSTRY, AS WELL AS FOR THE USA DEPARTMENT OF DEFENSE, & THE AUTOMOTIVE INDUSTRY. DOMESTIC, REGIONAL AND INTERNATIONAL, CHARTER, CARGO, JET AIRPLANE SERVICES.
2800 CANTRELL ROAD
LITTLE ROCK, ARKANSAS 72202, USA
USA (United States of America) was established in 1776, it covers an area of 9,363,123 sq km, its population is 280 million, its capital city is Washington DC, and its official language is English.
MARCH 1991: ACCDT: (ATI) DC-8-62C (HUSHKITTED) (46161, /71) DESTROYED AT NEW YORK (JFK).
OCTOBER 1994: PARENT COMPANY IS ACTIVE AERO/USA JET.
AIR TRANSPORT INTERNATIONAL (ATI) MERGED WITH (ICX) INTERNATIONAL CARGO EXPRESS.
FEBRUARY 1995: ACCDT: (ATI) DC-8-63C (HUSHKITTED) (45929, /68) DESTROYED AT KANSAS CITY INTERNATIONAL AIRPORT.
JANUARY 1997: 1996 = 429.2 MILLION (FTM) FREIGHT TRAFFIC (378.8 MILLION).
JUNE 1997: AWARDED 83 CHARTER CARGO FLIGHTS TO BRAZIL.
500 EMPLOYEES (INCLUDING 280 FLIGHT CREW (FC) & 130 MAINTENANCE TECHNICIANS (MT).
SEPTEMBER 1997: DC-8-62F (46153), WET-LEASED TO KUWAIT AIRWAYS (KUW).
OCTOBER 1997: 2 DC-8-63F'S (JT3D-7) (45926; 46135) RETURNED TO AEROLEASE OPERATED FOR (CKF).
FEBRUARY 1998: BAX GLOBAL (BNA) ACQUIRES ATI - AIR TRANSPORT INTERNATIONAL (TIN), FOR $30 MILLION.
APRIL 1998: DEPARTMENT OF TRANSPORTATION (DOT) ALLOCATES ATI - AIR TRANSPORT INTERNATIONAL (TIN) 26 CHARTER ALL-CARGO FLIGHTS TO BRAZIL, FOR 1998 - 1999.
FILED FOR CHAPTER 11 BANKRUPTCY SHORTLY AFTER AGREEING TO SALE TO BAX GLOBAL (BNA).
MAY 1998: 1ST 4 MONTHS = 41 MILLION (RPK) TRAFFIC (-20.8%), 65.2% LF LOAD FACTOR (+7.8), 122.5 MILLION (FTK) FREIGHT TRAFFIC (-44.2%), 9,000 PASSENGERS (PAX) (-30.8%).
JUNE 1998: DC-8-71F (CFM56-2C1) TO BAX GLOBAL (BNA).
JULY 1998: DC-8-62F (45922), (IAL) LEASED.
SEPTEMBER 1998: AFTER BANKRUPTCY, THE DEPARTMENT OF TRANSPORTATION (DOT) FINDS ATI - AIR TRANSPORT INTERNATIONAL (TIN) FIT FOR OPERATIONS, CHARTER CARGO & COMBI SERVICE, TO INDUSTRIAL & FREIGHT FORWARDING COMPANIES, & DEFENSE DEPARTMENT'S AIR MOBILITY COMMAND, USING 10 DC-8'S.
+12 DC-8'S ON CONTRACT, FOR BAX GLOBAL (BNA).
OCTOBER 1998: 625 EMPLOYEES (FULL +1/2 PART).
1 DC-8-63CF (JT3D-7), EX-(CKF).
DECEMBER 1998: DC-8-62F RETURNED TO AIRCRAFT INVESTMENTS (551-46153).
JANUARY 1999: 1998 = 305.7 MILLION (FTM) FREIGHT TRAFFIC (387.8 MILLION); 51.6% LF LOAD FACTOR (-2).
DC-8-63F (46135), EX-(CKF), AEROLEASED.
APRIL 1999: JOHN SCHILDROTH, SENIOR DIRECTOR MAINTENANCE.
450 EMPLOYEES (INCLUDING 280 FLIGHT CREW (FC) & 130 MAINTENANCE TECHNICIANS (MT). SITA: LITDD8C.
AUGUST 1999: 1ST 7 MONTHS = 70.29 MILLION (RPK) TRAFFIC (+13.95%), +28.84% (ASK) CAPACITY; 60.4% LF LOAD FACTOR (-7.9), 257 MILLION (FTK) FREIGHT TRAFFIC (+6.3%), 2,000 PASSENGERS (PAX) (-15.38%).
APRIL 2000: 450 EMPLOYEES.
MAIN BASE AT LITTLE ROCK, ADAMS FIELD AIRPORT.
JULY 2000: 1999 = -$4.7 MILLION (NET LOSS) (+$17.48 MILLION): 123 MILLION (RPK) (+3.1%); 55.2% LF LOAD FACTOR; 475.76 MILLION (FTK) FREIGHT TRAFFIC (+9.2%); 2,000 PASSENGERS (PAX) (-4.2%); 655 EMPLOYEES (+20%).
APRIL 2001: MAIN BASE: LITTLE ROCK NATIONAL AIRPORT (LIT).
July 2002: 2001 = +$10.81 million (-$46.33 million): 113 million (RPK) traffic (-24.5%); 75.4% LF load factor; 24,000 passengers (PAX) (-22.5%); 284.89 million (FTK) freight traffic (-32.5%); 430 employees (-33.8%).
September 2002: 2 DC-8-73CF's (46003, N603AL; 46106, N605AL), Aeroleased.
October 2002: Awarded a $64 million contract by (USAF) Air Mobility Command, to provide charter combi passenger & cargo international airlift service.
December 2002: DC-8-73F (45991, N602AL), Aeroleased.
June 2003: 500 employees.
November 2003: DC-8-62F (45961) re-registered (N71CX).
December 2003: DC-8-63F (46034) sold to Air Algerie Airlines (ALG).
July 2004: 2003 = +$19.19 million (+$25.68 million): 81 million (RPK) traffic (-19.7%); 43.3% LF load factor; 21,000 passengers (PAX) (-5.7%); 295.87 million (FTK) freight traffic (-.1%).
October 2004: 500 employees.
April 2005: DC-8-73CF (46046, N604BX), bought from Aerofreighter.
May 2005: 575 employees (including 184 Flight Crew (FC), 35 Cabin Attendants (CA), & 251 Maintenance Technicians (MT)).
June 2005: 2 +1 order DC-8-72CF (46013, N721CX; 46043; 46130, N772CX), ex-French Air Force (FAF), delivery.
November 2005: ATI - Air Transport International (TIN) has accepted a take over made by Cargo Holdings International (CCA). The transaction is expected to be completed by the year end, subject to the customary closing conditions and regulatory approvals. With the completion of this purchase, (TIN) will join the family of companies comprising (CCA): subsidiaries Capital Cargo International Airlines (CCA); Cargo Aircraft Management; & CargoReservations.com. (TIN) will be a wholly owned subdiary of (CCA), and will operate independently as a certificated FAR 121 cargo air carrier.
November 2007: First 6 months = 34.42 million (RPK)s traffic (-1.44%); (+5.06%) (ASK)s capacity; 40% LF load factor (-2.6%), 140.78 (FTK)s freight traffic (-25.88%); 6,000 passengers.
Air Transport International (TIN) expects to hire Flight Crew (FC) again in 2008. The carrier is accepting resumes.
Having rejected a takeover offer from Astar Air Cargo (DHL) just a little more than three months ago, Ohio-based (ABX) Air became the acquirer, reaching a deal to purchase Cargo Holdings International (CCA) of Orlando in a transaction valued at approximately $350 million. (ABX) described (CCA) as "a leading provider of air cargo transportation and related services to domestic and foreign air carriers, and other companies that outsource their air cargo lift requirements." (CCA) and its Cargo Aircraft Management, Capital Cargo International Airlines (CCA), LGSTX Group and (TIN) subsidiaries, operate 32 freighter airplanes, and currently are converting five 767-200s and one 757-200. It also provides airplane leasing, fuel management and air charter brokerage services, and expects 2007 revenue of $300 million.
(ABX), which flies primarily as a wet-lease (ACMI) partner of (DHL), and reported a +$8.8 million profit, through the first six months of this year, said the combined company eventually will operate more than 135 airplanes, including the world's largest 767-200F freighter fleet (48). "The acquisition will create one of the world's leading diversified providers of integrated air cargo services," (ABX) President & CEO, Joe Hete said, adding that (CCA) has "an attractive fleet profile, long-term relationships with [customers], an exceptional on time delivery and safety record, significant cash flow, and an experienced management team."
(CCA)'s customers include the USA government, (BAX)/Schenker, (DHL), USA Postal Service, and (UPS). Upon conclusion of the transaction, expected this year, (ABX) Air and (CCA) will be wholly owned subsidiaries of (ABX) Holdings. Final equity purchase price is expected to be $260 million, accounting for an adjustment based upon (CCA)'s net assets. The transaction will be financed with the issuance of 4 million shares of (ABX) common stock, and cash from a $345 million senior secured credit facility, led by SunTrust Financial and Regions Bank, (ABX) said.
January 2008: 2007 Performance Statistics: 64.43 million (RPK)s traffic (-3.7%); -4.42% ASK)s; +.3 load factor 40.9% LF; 282.3 million (FTK)s (-25.44%) freight traffic; 16,000 passengers. SEE ATTACHED - - "TIN-2007-STATS."
March 2008: ABX Holdings, parent of USA cargo carriers (ABX) Air, Air Transport International (TIN) and Capital Cargo International Airlines (CCA), reported a -78.2% drop in net income for 2007 to +$19.6 million compared to +$90.1 million the previous year. The company downplayed the earnings decrease, attributing it in large part to "the effect of non-cash tax items," and noting that its acquisition of (TIN) and (CCA) parent, Cargo Holdings International (CHI) at year end, would pay dividends in the future. (ABX) enjoyed a noncash tax benefit of $54 million in 2006 but incurred a tax expense of $13 million in 2007. It also pointed out that while revenue generated from its wet-lease (ACMI) agreement with (DHL) declined -11% to $1.08 billon, revenue from its non-(DHL) business grew +89% to $91.6 million, boosting its effort to become less reliant on the express cargo giant.
(ABX) President & (CEO) Joe Hete said that the purchase of (CHI) marked a "quantum leap that will accelerate our growth, diversify our revenue streams and contribute significantly to our cash flow in 2008 and beyond." Overall 2007 revenue fell -7.1% to $1.17 billion, while expenses decreased -7.4% to $1.13 billion, producing operating income of +$42.8 million, flat year-over-year. 4th-quarter net income declined -87.8% to +$8.4 million, compared to +$68.9 million the prior year.
May 2008: Air Transport International (TIN) provides world wide cargo and combi charters for the express package industry and freight forwarders, as well as for the USA Department of Defense, and the automotive industry. Also, wet-leases airplanes on an Aircraft, Maintenance Crew & Insurance (AMCI) basis.
Employees = 376.
(IATA) Code: 8C. (ICAO) Code: ATN - AIR TRANSPORT.
Parent organization/shareholders: Cargo Holdings International (100%, an Orlando, Florida-based aviation services group.
Main Base: Toledo Express Airport (TOL).
Domestic, freight destinations: Dallas Fort Worth; Laredo; & Toledo.
Air Transport International (TIN) is currently interviewing and hiring flight crew (FC). The carrier handles all job applications through a web based service. To view current openings and to submit an application go to: https://airtransport.applicantharbor.com/.
ATI (TIN)'s DC-8-73F/71F freighters are configured with a full roller cargo handling system on the upper deck, with the capability to load 18 standard 125" X 88" cargo pallets or containers. The airplanes can also be rapidly reconfigured to accommodate 108" X 88" commercial cargo pallets or 463L military pallets.
767-223F (22318, N316AA), transferred from Capital Cargo Airlines (CCA).
September 2008: Air Transport International (TIN) has closed its Flight Crew (FC) application window. The carrier will interview from its pilot (FC) pool of applicants.
November 2008: 1st 6 months = 24.05 million (RPK)s traffic (-30.12%); -29.61% (ASK)s capacity, 39.7% LF load factor(-.3); 117.27 million (FTK)s freight traffic (-16.7%); 6,000 passengers.
February 2009: 767-232Fs (22224, N747AX; 22225, N748AX), ex-(ABX) Air, Aircraft One leased.
July 2009: 767-223ERF (22318, N761CX), (ATI) Air Transport International (TIN) wet-leased to (QAN) subsidiary, Australian Air Express (ACS) for freight service between Australia and New Zealand - - SEE PHOTO - - "TIN-767-223ERF-2009-07."
September 2010: 767-232F (22225, N748AX), re-registered as (N762CX).
October 2009: Air Transport International (TIN) recalled all of its furloughed pilots (FC) and is hiring 10 pilots (FC) for an October class and plans to hire 25 pilots (FC) through January. (TIN) will interview through December with applicants currently on file. (TIN) just signed a two-year contract with Qantas (QAN)/Australian Air Express (ACS) to provide 767F freighter service out of Sydney.
December 2010: Air Transport International (TIN) has an opening for a Flight Engineer. Applications may be made through its website at http://www.airtransport.cc
January 2011: Air Transport Services Group promoted Air Transport International (ATI) VP & (CFO), Cynthia Treadwell-McConnell to President of (ATI). Treadwell-McConnell will succeed James Hobson Jr. on March 31, who will retire after 12 years of serving as President & (CEO).
February 2011: Air Transport International (TIN) is only interviewing and hiring pilots (FC) from (ABX).
December 2011: Air Transport International (TIN) has furloughed its flight engineers due to the retirement of the DC-8 airplanes in its fleet. See FltOps.com and FAPA.aero.
March 2012: (ABX) Air parent, the Air Transport Services Group (ATSG), reported 2011 net income of +$23.2 million, down -41.7% from a +$39.8 million net profit in 2010.
The company said earnings were partly affected by training and transitioning costs for pilots (FC) as it upgrades its fleet. Airplanes added during 2011 included 9 767F converted freighters and 1 757F. Additions in 2012 are slated to include 7 767Fs and 2 757 combi airplanes. (ATSG) is in the process of retiring its remaining 727F and DC-8F freighters.
"Our fleet is substantially more modern, more fuel efficient and more reliable than ever before," President & (CEO) Joe Hete said. "We remain confident about the continued customer interest and strong yield potential from our investments in converted freighter assets."
(ATSG) is the parent of (ABX) Air, Airborne Global Solutions, Air Transport International (TIN), Cargo Aircraft Management, Capital Cargo International Airlines (CCA), and Airborne Maintenance and Engineering Services. Its full-year 2011 revenue rose +9.4% year-over-year to $730.1 million, while expenses grew +14% to $667.5 million, producing an operating profit of +$62.6 million, down -23.4%.
Revenue last year from (ACMI) wet lease airline services rose just +2.9% compared to 2010 to $444.8 million.
"Our 2012 results will benefit from a full year of gains from the owned and leased airplanes which entered service during 2011, as well as owned and leased airplanes which we plan to add during 2012," Hete said.
May 2012: (ATI) - Air Transport International (TIN) and its sister carrier, Capital Cargo International Airlines (CCA) will be merged before the end of the year by its parent, Air Transport Services Group. (TIN) currently operates 1 757-200F, 3 767-200Fs and 2 767-300Fs, along with up to 9 remaining DC-8Fs. (CCA) operates 8 727-200Fs and 2 757-200Fs. Both carriers are adding additional 757F and 767F freighters that are currently being converted and will eventually replace its 727s and DC-8s. Besides its cargo business, (TIN) also operates 1 767-200ER on passenger charter flights. It is unclear at this point under which of the two brand names, operations will be combined.
June 2012: Astar Air Cargo (DHL) has lost its biggest customer (DHL) with almost no advance notice. It has now retired all of its remaining 8 DC-8-73F freighters and will have to lay off up to -200 of its staff. Astar (DHL), however, plans to continue operating at least 1 of its DC-8s on a contract for the USA government. Only 2 dozen DC-8s are now active world wide and the sole USA airline operator was (ATI) - Air Transport International (TIN).
December 2012: (ATI) - Air Transport International ((IATA) Code: 8C, based at Little Rock Adams airport (LIT)) (TIN) will replace its remaining fleet of 3 DC-8-62 combi airplanes currently mainly operated on behalf of the United States military (USF) by 3 757-200 Combi airplanes it has acquired from National Airlines (MUA) which has never put the airplanes in service, since they have been converted for National (MUA). The newer generation combi airplanes will be delivered to (ATI) (TIN) parent, Cargo Aircraft Management from later this month onwards.
January 2013: After nearly 54 years of service, DC-8 operations in the USA are set to become even rarer with the pending retirement of Air Transport International's (ATI) remaining DC-8 fleet.
(TIN) is withdrawing its last 4 DC-8s from service early this year and replacing them with 757s. Once completed, only 2 DC-8s will be in operation with USA operators: a DC-8-63F with National Airlines (MUA) and a DC-8-72 test bird with (NASA) (NAS).
Interestingly, 4 of the 6 DC-8s still in operation in the USA still have the original (JT3D) engines and not the relatively fuel-efficient and quiet (CFM56)s that many DC-8s were re-engined with in the mid-1980s.
36 DC-8s are left in service world wide.
March 2013: The (ATI) Air Transport Services Group (ATSG) (TIN) has completed the merger of 2 of its airline subsidiaries. The move creates a single airline from (TIN) - Air Transport International (ATI) and Capital Cargo International Airlines (CCIA) (CCA).
The newly formed entity, (ATI), will be headquartered in Little Rock, Arkansas, with its operations center in Wilmington, Ohio. It will be headed by (ATI) President Dennis Manibusan.
The merger follows the cessation of (ATSG)’s contract with global logistics provider, D B Schenker, which the (ATSG) had supported with a dedicated air cargo network served by (ATI) (TIN) and (CCIA) (CCA). The North American air freight network agreements ended in December 2011. Schenker's contribution to airline services revenues was $85.7 million in 2011.
“This merger is the most significant of a number of steps we are taking throughout the (ATSG) to better fit our airline overhead and operating cost structures to the airline operations we have today, and expect to add in the future,” (ATSG) President & (CEO) Joe Hete said.
(ATI) (TIN) has a fleet of 13 airplanes; 5 767-200s, 2 767-300s, 3 757Fs and 3 DC-8 Combis. The DC-8s are slated to be replaced “soon” with 4 757 Combis.
(CCIA) (CCA)’s air operator certificate (AOC) was surrendered to the (FAA) and its airplane leases and other assets transferred to (ATI). The (ATSG) is also the parent of (ABX) Air, Airborne Global Solutions, Cargo Aircraft Management, plus Airborne Maintenance & Engineering Services.
April 2013: SEE PHOTO - - "TIN-757-2YOF - 2013-04" of recently acquired 757-2YOF arriving at Baltimore Washington International from Thule Air Base.
December 2013: USA-based Air Transport Services Group (ATSG) (TIN) is taking a 25% stake in Gothenburg-based, West Atlantic Group, paving the way for a strategic partnership between the two freight specialists.
The (ATSG) (TIN) and West Atlantic (AAG) are both active in cargo operations, airplane leasing and maintenance, prompting the tie-up that was signed December 6 and is expected to close January 2, 2014.
The West Atlantic Group has two subsidiary airlines (West Air Sweden and Atlantic Airlines (AAG)) which operate a fleet of 40 freighters including B Ae ATPs, Bombardier CRJ-200s and Boeing 737s. The (ATSG) (TIN) is a Boeing 767 conversion specialist, with 47 of the type. It is parent to a range of subsidiaries, including cargo airline (ABX) Air and charter carrier, Air Transport International (TIN).
The partners did not disclose a value for the deal, although the (ATSG) (TIN) said the cost was “significantly less” than purchasing and modifying a single 767.
(ATSG) (TIN) President & (CEO) Joe Hete said the equity stake is expected to generate strong returns and it will help strengthen (ATSG) (TIN)’s air cargo presence in Europe, the Middle East, and Africa. “Our leading position in the medium wide body freighter market, and global reputation for delivering complete medium-size freighter solutions to major logistics services providers, together with West Atlantic (AAG)’s complementary strengths in providing time-definite air cargo services in Europe, make us ideally suited to work together on emerging opportunities,” he said.
West Atlantic (AAG) (CEO) Gustaf Thureborn also detailed plans to add a 767 to its fleet. “The 767 offers exactly the right combination of service capability and operating economics for us to expand our established position as a leading outsourced service provider, whilst leveraging the capabilities, experience and support of the world’s largest owner and operator of freighter converted 767s,” he said.
October 2014: Ribway Cargo Airlines (based at Nairobi Jomo Kenyatta, Kenya) (RBW) is a Kenyan freight start-up set to take delivery of its 1st airplane, a DC-8-73CF (32-46044, /69 5Y-RCA), ex-(N606AL), formerly with (ATI) - Air Transport International ((IATA) Code: 8C, based at Little Rock) (TIN). According to "AeroTransport," the DC-8F is currently stored at Wilmington, Ohio awaiting delivery to Nairobi Jomo Kenyatta.
(RBW) has been licensed by the Kenyan Civil Aviation Authority (KCAA) to operate non-scheduled cargo flights throughout Kenya as well as to the rest of Africa, the Middle East, Asia, and Europe using DC-8F, Fokker F 50, and Fokker F27 airplanes.
December 2015: News Item A-1: "Amazon to Set Up Own Air Freight Unit" by www.ch-aviation.com, December 21, 2015.
Online retail giant Amazon is in talks with Boeing (TBC)) over the proposed acquisition of "at least" 20 freighter airplanes, "Cargo Facts" has reported.
Following weeks of speculation in the cargo community, informed sources told "Cargo Facts" that Amazon is indeed pushing ahead with plans to set up its own air freight operation, specializing in overnight deliveries throughout the USA. As such, talks with Boeing (TBC) reportedly focus on the 767-300F with deliveries to be spanned over 3 years.
In preparation for the logistics unit launch, Amazon has partnered fellow USA firm and parent to (ABX) Air ((IATA) Code: GB, based at Wilmington, Ohio, USA), Air Transport Services Group Inc (TIN), in trialing freighter operations. Thus far, Amazon has set up bases around the USA including Seattle Boeing Field and Wilmington, Ohio. At the former, Amazon has chartered a 737F freighter from Northern Air Cargo ((IATA) Code: NC, based at Anchorage Ted Stevens) (NAC) for use in serving Seattle, San Bernardino (close to a large Amazon fulfillment center), and the small city of Boise in Western Idaho.
The multi-billion dollar firm's move into the logistics market is expected to have serious repercussions on the global air freight market, given that the majority of its parcels are shipped using 3rd party operators such as United Parcel Service (UPS), FedEx (FED), and the United States Postal Service.
March 2016: "Amazon to Start Air Cargo Network; Leases 20 Boeing 767Fs from (ATSG)" by (ATW) Mark Nensel, March 11, 2016.
Cargo aircraft lessor, Air Transport Services Group (ATSG) (TIN) inked a deal March 9 with online retailing giant Amazon (AZO) to run an air cargo network in the USA.
Ohio-based (ATSG)’s subsidiary charter cargo-delivery airlines (ABX) Air and Air Transport International (TIN) will operate 20 Boeing 767F freighters on behalf of Amazon Fulfillment Services, the delivery arm affiliate of Amazon (AZO), for 5 years, according to (ATSG). The network will only serve Amazon customers residing in the USA.
(ATSG)’s Cargo Aircraft Management division is in charge of the 5- to 7-year lease agreement with Amazon (AZO). (ATSG) subsidiary, (LGSTX) Services will provide gateway and logistics services for the freighter airplanes.
The value of the arrangement was not released by either (ATSG) or Amazon (AZO).
As part of the agreement, (ATSG) granted Amazon (AZO) warrants to acquire up to 19.9% of (ATSG)’s common stock shares at $9.73 per share over a 5-year period. “We have been working closely with Amazon to demonstrate that a dedicated, fully customized air cargo network can be a strong supplement to existing transportation and distribution resources,” (ATSG) President & (CEO) Joe Hete said.
“We offer ultra-fast delivery promises to a growing group of [Amazon Prime] members,” Amazon Senior VP Worldwide Operations & Customer Service Dave Clark said. “Adding 20 planes [will] ensure air cargo capacity to support one- and two-day delivery for customers.”
As of December 31, 2015, (ATSG)’s total fleet of owned freighter airplanes comprised 36 Boeing 767-200s, 11 767-300s, 4 757-200s and 4 757 Combi airplanes.
In 2015, (ATSG) posted $619.3 million in revenues, up +5% year-over-year (YOY), an operating profit of +$72.8 million (up +12.8% YOY) and a net profit of +$41.2 million, up +38.1% (YOY).
August 2016: 757-26DF (24471, N588GT) returned to (DHL) Network Operations after lease, exported to Panama.
September 2016: 767-338ERF (28725, N307AZ), ex-(N374CM) leased from Cargo Aircraft Management.
January 2017: Wilmington, Ohio-b1ased Air Transport Services Group (ATSG), parent of cargo carriers (ABX) Air and Air Transport International (TIN), has acquired Tampa, Florida-based (PEMCO) World Air Services (ASC).
(PEMCO) (ASC) offers heavy maintenance, repair & overhaul (MRO) services to airlines, and also is a leading provider of passenger-to-freighter conversions on narrow body airplanes with a focus on 737-300 and 737-400 conversions.
Financial details of the acquisition were not provided, though (ATSG) said it did not assume any (PEMCO) (ASC) debt as part of the transaction. “This acquisition will allow for a number of strategic benefits through combining operational strengths, expanded capabilities and cost savings related to shared services between the companies,” (ATSG) said. In particular, (ATSG) subsidiary Airborne Maintenance & Engineering Services (AMES) and (PEMCO) (ASC) will jointly market (MRO) services globally.
“The combination of (PEMCO) (ASC)’s conversion and (MRO) sales of both Airbus (EDS) and Boeing (TBC) products with (AMES)’ existing offerings will create a sustained, growth-oriented aircraft maintenance product and services portfolio,” (ATSG) President & (CEO) Joe Hete said, adding that “the (PEMCO) (ASC) acquisition is expected to be accretive to (ATSG)’s earnings starting in 2017.”
March 2017: 767-319ERF (24875, N331AZ) of Air Transport Services Group (TIN), ex-(N385CM), operates for Amazon (AZO) Prime Air.
November 2017: The Air Transport Services Group (ATSG) (TIN) had -$32.8 million net loss for (3Q) 2017 (vs +$2.1 million profit in (3Q) 2016) on +31.5% higher revenues; its dry leasing and maintenance and logistics businesses recorded double-digit revenue increases before eliminations, and (ATSG) said 81% of its Boeing 767 fleet is currently under multi-year dry lease contracts.
October 2018: News Item A-1: "Omni Deal Adds Defense Work, Cargo Candidates, said (ATSG) by Sean Broderick October 04, 2018.
Air Transport Services Group's (ATSG) purchase of Omni Air International (OAE) is intended to diversify the growing cargo airplane-leasing specialist's revenue stream, while adding passenger airplanes that could help satisfy future freighter-conversion needs.
Under the $845 million deal announced October 2, (OAE) will become an (ATSG) (TIN) subsidiary and continue to operate its 13-passenger airplanes (10 owned and 3 leased Boeing 767s plus 3 Boeing 777-200ERs) from its Tulsa, Oklahoma, headquarters.
(OAE) specializes in passenger charters and generates about 70% of its annual revenues from flights for the US Defense Department (DOD). The company is a long-time Civil Reserve Air Fleet (CRAF) contract holder, and provides about 50% of (CRAF)'s troop-transport flights each year. (ATSG) (TIN) also performs some (CRAF) flying and with the (OAE) purchase, the (DOD) would become (ATSG)'s largest customer, jumping to providing 33% from 11% of its revenue based on 1st-half 2018 results. (ATSG) projects annual consolidated revenues of $1.4 billion for the 2 companies.
While (ATSG) executives welcomed the diversity that (OAE)'s passenger-focused operations bring, (ATSG) plans to use some of (OAE)'s cash-generating ability to help feed its growing air express and e-commerce leasing businesses, which include large contracts providing lift to Amazon Air (AZO) and (DHL). (ATSG), which generated $1.1 billion in revenue last year, has 75 airplanes in service, including 65 Boeing 767F freighters: 36 767-200s and 29 767-300s. (ATSG)'s current operating fleet comprises 8 Boeing 757s (4 combis that serve the (DOD) and 4 freighters at (DHL) — 2 Boeing 737-400Fs dry-leased to West Atlantic. Additionally, 5 767-300s are being converted to 767-300F freighters and expected to enter service this year.
Omni (OAE)'s owned fleet could become future conversion candidates, (ATSG) President & (CEO) Joe Hete said. "It allows us to buy future potential feedstock, younger airplanes at higher prices, run them for a number of years in the passenger mode and then roll them out into the cargo conversion side when they hit that sweet spot that we always strive for in terms of our 767 acquisitions," he explained.
Besides adding to (ATSG)'s sizable 767 fleet, the (OAE) deal adds a new airplane type (the 777-200ER) to (ATSG)'s portfolio and 1 that is popular among freight carriers, including (DHL). Hete suggested they could become conversion feedstock as well. "The 777 platform provides another option that we don't have today [and] actually enhances our ability to serve the growing e-commerce segment," he said.
(ATSG)'s subsidiary Airborne Maintenance & Engineering Services purchased Pemco in early January 2017.
News Item A-2: To promote childhood cancer awareness, Air Transport International (Prime Air) has applied a special "Go Gold" (cancer logo) on its 767-338ER (1287-32745, N313AZ). The left side of the airplane bears "Go Gold ... because children can't fight cancer alone."
Click below for photos:
TIN-757-2YOF - 2013-04
TIN-DC-8-73F N605AL 2010-07.jpg
1 757-2B6F (23687, N557CM), EX-(CN-RMZ), FREIGHTER.
1 757-2Q8 (26273, N751CX). EX-(N556CM), CARGO AIRCRAFT MANAGEMENT LEASED 2013-06. COMBI.
1 757-2YOF (26152, N753CX - - SEE PHOTO - - "TIN-757-2YOF - 2013-04"), 2013-04. FREIGHTER.
1 757-200PCF (PW2037), EX-(UAL), CONVERTED TO FREIGHTER BY PRECISION CONVERSIONS, CARGO AIRCRAFT MANAGEMENT LEASED 2012-01. FREIGHTER.
1 757-232F (PW2037) (146-22812, N605DL), EX-(DAL), CARGO AIRCRAFT MANAGEMENT LEASED 2008-12. FREIGHTER.
1 757-232F (PW2037) (111-22910, /86 N620DL), BOUGHT FROIM (DAL) 2007-09. CONVERTED 2008-01. 24F, 159Y.
1 757-26DF (24471, N588GT) RETURNED TO (DHL) NETWORK OPERATIONS EXPORTED TO PANAMA 2016-08. FREIGHTER.
2 767-223ERF (CF6-80A2) (111-22318, /85 N761CX - - SEE PHOTO - - "TIN-767-223ERF-2009-07;" 112-22319, /85 N317AA, 2008-06), BOUGHT FROM (AAL) 2004-12. TO CONVERT TO FREIGHTER BY (ARP), TRANSFERRED FROM (CCA) 2008-05. WET-LEASED TO (QAN)/(ACS) 2009-07. FREIGHTER.
1 767-232F (76-22224, N747AX; 77-22225, N762CX), EX-(ABX), AIRCRAFT ONE LEASED 2009-02. 22224; NTU. FREIGHTER.
2 767-319ERF (24875, N331AZ), EX-(N385CM), OPERATIONS FOR AMAZON (AZO) PRIME AIR (2017-03). FREIGHTER.
1 767-338ERF (28725, N307AZ), EX-(N374CM), CARGO AIRCRAFT MANAGEMENT LEASED 2016-09.
1 767-338ER (1287-32745, N313AZ) "Go Gold ... because children can't fight cancer alone." ON LHS OF FUSELAGE 2018-10.
0 DC-8-61F (JT3D-3B) (364-45964, /68), EX-(ACN), PARTED OUT 2000-03. FREIGHTER.
0 DC-8-62 (JT3D-3B HK) (487-46110, /69, EX-(UAL); 546-46142, /71, EX-(ALI); 467-46070, /69, EX-(UAL), LEASED TO (IAL), 46142 WET-LEASED TO (KUW). 3 WFU.
0 DC-8-62F (JT3D-7 HK) (361-45961, /68 N71CX). FREIGHTER.
0 DC-8-62F (JT3D-7 HK) (353-45918, /68, N728PL "JERRY/PETE/ZERKEL" EX-(UTA), (INM) LSD; 551-46153, /71; 552-46161, /71, EX-(JAL), 46153 WET-LEASED TO (KUW). 46153; 46161; WFU. FREIGHTER.
0 DC-8-62F (JT3D-7 HK) (335-45922, /68 N799AL), (IAL) LEASED 1998-07. FREIGHTER.
0 DC-8-62CF (JT3D-7 HK) (365-45955, /68 N21CX, EX-(JAL); 318-45911, /67 N31CX; 523-46129, /70, N41CX, EX-(SAS). 45911 WFU IN STORAGE 2005-02. FREIGHTER.
0 DC-8-63 (JT3D-7 HK) (367-45929, /68 77 22, EX-(CDI); 383-45923, /68 70 23, EX-(SAS). 45929; 45923; WFU.
0 DC-8-63CF (JT3D-7 HK) (454-46087, /69, EX-(NAL); 479-46049, /69). 46087; 46049; WFU. FREIGHTER.
0 DC-8-63F (JT3D-7 HK) (500-46121, /69 79 23), EX-(KLM) (46135). 46121; 46135; RTND 2002-12. 46121 to (JON) 2004-11. FREIGHTER.
0 DC-8-63F (JT3D-7 HK) (479-46049, /69 N867BX; 434-46034, /69 N868BX; 438-46035, /69 N869BX; 445-46036, /69 N870BX "CARL TACCINI"), (BAX) LEASED. 46034 SOLD TO ALG 2004-12. 46049 WFU AT MARANA 2004-11. FREIGHTER.
0 DC-8-71F (CFM56-2C) (262-45811, /67 N821BX; 284-45813, /67 N822BX; 339-45946, /68; 356-45971, /68 N837BX; 358-45973, /68 N830BX; 381-45978, /68 N825BX; 382-45993, /68 N828BX; 387-45994, /68 N829BX; 399-45998, /68; 459-46064, /69 N823BX; 460-46065, /69 N820BX "L. LJ. JOHNSTON"), EX-(UAL). 45946; 45998; WFU. 45971 RETURNED AEROUSA 2004-05. FREIGHTER.
0 DC-8-72CF (CFM56-2) (427-46013, /69 N721CX, 2005-07; 443-46043, /69; 542-46130, /70 N722CX), EX-(FIN). 46013; PARTED OUT 2005-02. 46043; 46130. N772CX; BOUGHT FROM (FAF) 2005-07. 178Y COMBI/FREIGHTER.
0 DC-8-73CF (CFM56-2C) (401-46003, /68 N603AL; 490-46106, /69 N605AL; 32-46044, /69 N606AL), AEROLEASED 2002-09. FREIGHTER.
0 DC-8-73CF (CFM56-2C) (444-46046, /69 N604BX), BOUGHT FROM AEROFREIGHTER 2005-04. FREIGHTER.
0 DC-8-73F (380-45991, /68 N602AL), AEROLEASED 2002-12. FREIGHTER.
JOE HETE, (ATSG) PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO).
DENNIS MANIBUSAN, PRESIDENT (ATI) (TIN) (2013-03).
MS CYNTHIA TREADWELL, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO) (2011-03) ON PROMOTION FROM VP & CHIEF FINANCIAL OFFICER (CFO).
CHUCK ADAMI, EXECUTIVE VP & GENERAL MANAGER.
KENNETH O'STEEN, VP FLIGHT OPERATIONS.
RICHARD SHURTLEFF, VP TECHNICAL SERVICES.
KARL PERMAN, VP HUMAN RESOURCES (HR) & ADMINISTRATION.
CHARLES CARSON, VP SALES & MARKETING.
JOHN SCHILDROTH, SENIOR DIRECTOR MAINTENANCE (1999-04).
GERRY HEROTH, DIRECTOR MAINTENANCE.
BRUCE EMBREE, DIRECTOR QUALITY CONTROL (QC).