Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that its ABX Air subsidiary has deployed two Boeing 767 freighter aircraft with DHL under short-term ACMI arrangements in support of DHL’s U.S. air network.
ATSG said a 767-200 and a 767-300 freighter aircraft are supplementing 18 Boeing 767 freighter aircraft (14 of which are owned by ATSG) that ABX Air is currently operating for DHL in the domestic market. The two aircraft were placed in service for DHL on June 1 under agreements following the recent removal of several aircraft from DHL’s network by another carrier. ATSG is in discussions with DHL concerning the potential for a longer-term agreement involving the two additional aircraft.
Joe Hete, President and CEO of ATSG, said, “Our strong, long-term relationship with DHL is based in part on our ability to meet both its short- and long-term requirements for access to efficient medium widebody freighters. As DHL’s principal source of freighter airlift in North America, we will make every effort to support DHL’s future freighter aircraft requirements as they may develop in the future.”
About Air Transport Services Group, Inc. (ATSG)ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft. 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, aircraft maintenance services and airport ground services. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. There are a number of important factors that could cause Air Transport Services Group's ("ATSG's") actual results to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, changes in market demand for our assets and services, and other factors that are contained from time to time in ATSG's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on ATSG's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ATSG undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
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