ATSG and DHL agree to four additional leases of 767 | Business
WILMINGTON, Ohio – (BUSINESS WIRE) – May 24, 2021 –
Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that its rental subsidiary Cargo Aircraft Management has committed to supply four additional converted Boeing 767-300s to DHL Network Operations (USA), Inc. according to the terms of autonomy. rental contracts without guarantee. The leases are each for a term of seven years. Three of the four are to be delivered in the second half of 2021, the fourth delivery of the lease in early 2022.
The leased cargo ships will further support DHL Express’s global network, with the four Boeing 767s extending the long-standing relationship between DHL and ATSG. Once these four additional aircraft start flying, DHL Express will have 17 Boeing 767s leased from CAM in its global network.
“The growth in shipment volume that we continue to experience requires the expansion of our global aviation network,” said Rob Hyslop, executive vice president, global aviation for DHL Express. “We are delighted to strengthen our relationship with ATSG. The cargo market is currently very competitive, so it is essential to guarantee this additional capacity to meet customer demand. “
“We are delighted to strengthen our eighteen-year relationship with DHL,” said Mike Berger, Commercial Director of ATSG. “Demand for our converted 767 medium-wide body cargo aircraft remains very strong due to the continued expansion of express and e-commerce markets around the world. We are proud to be one of the companies that has enabled the continued expansion of e-commerce and m-commerce across the world. “
DHL –The logistics company for the world
DHL is the world’s leading brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from domestic and international parcel delivery, e-commerce shipping and fulfillment solutions, from international express, road, air and sea transport to supply chain management. industrial supply. With approximately 400,000 employees in more than 220 countries and territories around the world, DHL connects people and businesses securely and reliably, enabling sustainable trade flows on a global scale. With specialized solutions for growing markets and industries including technology, life sciences and health, engineering, manufacturing and energy, automobility and retail, DHL is positioning itself as a decisively as the “logistics company of the world”. DHL is part of the Deutsche Post DHL group. The Group achieved sales of over 66 billion euros in 2020. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero emission logistics by 2050.
About Air Transport Services Group, Inc. (ATSG)
ATSG is a leading provider of aircraft rental and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo transportation needs. ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 cargo aircraft. Through its major subsidiaries, including three airlines holding separate and distinct US FAA Part 121 Air Operator Certificates, ATSG provides aircraft leasing, air freight, passenger and charter ACMI, aircraft maintenance services and airport ground services. ATSG subsidiaries include ABX Air, Inc .; Airborne Global Solutions, Inc .; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc .; Air Transport International, Inc .; Cargo Aircraft Management, Inc .; and Omni Air International, LLC. For more information, please see www.atsginc.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210524005798/en/
CONTACT: Quint O. Turner,
Chief Financial Officer of ATSG Inc.
KEYWORD: OHIO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: AEROSPACE MANUFACTURING LOGISTICS / AIR TRANSPORT SUPPLY CHAIN MANAGEMENT
SOURCE: Air Transport Services Group, Inc.
Copyright Business Wire 2021.
PUB: 05/24/2021 4:15 p.m. / DISC: 05/24/2021 4:16 p.m.
Copyright Business Wire 2021.