ATSG Expands Operations in the Amazon Air Network
06 Mai 2024 - 10:45PM
Business Wire
Air Transport Services Group, Inc. (Nasdaq: ATSG), a leading
provider of medium wide-body cargo aircraft leasing, air cargo
transportation and related services, today announced an agreement
to operate ten additional Boeing 767 freighters for Amazon.com
Services LLC in the Amazon Air network by the end of 2024. The
operating agreement through which ATSG’s airlines operate those
aircraft will be extended to May 2029, with extension rights for
five additional years.
“We’re pleased to further expand our leading role in the Amazon
Air network that we started in 2016,” said Joe Hete, Chairman and
CEO of ATSG. “Our operating capabilities will continue to support
Amazon’s customer-centric commitments for years to come.”
Key features of the new and amended agreements include:
- ATSG airlines to operate the initial ten Boeing 767-300
freighters provided by Amazon beginning in Summer 2024, with the
potential to add up to ten more aircraft.
- Operating agreement extended to May 2029, with the option to
extend for an additional five years.
ATSG has also agreed to extend the exercise period for vested
warrants for 21.8 million shares it previously issued to Amazon,
amend the vesting conditions and extend the exercise period for
unvested existing warrants for 2.9 million shares, and issued new
warrants for up to 2.9 million additional shares to Amazon.
“These additional aircraft will allow us to leverage our
existing infrastructure and capabilities for expanded operating
revenues. This expanded and extended operating agreement is a
testament to the dependability of our employees and the reliability
we bring to the Amazon Air network,” Hete said. “Our mission is to
continue to provide Amazon with exceptional service while creating
value for all of our shareholders.”
Additional information about these agreements is provided in a
Form 8-K that ATSG expects to file with the U.S. Securities &
Exchange Commission.
About Air Transport Services Group
Air Transport Services Group (ATSG), a premier provider of
aircraft leasing and air cargo transportation solutions for both
domestic and international air carriers, as well as companies
seeking outsourced air cargo services. ATSG is the global leader in
freighter leasing with a fleet that includes Boeing 767, Airbus
A321, and Airbus A330 aircraft. A diverse portfolio of subsidiaries
encompasses the Lease+Plus aircraft leasing opportunity including
three airlines holding separate and distinct U.S. FAA Part 121 Air
Carrier certificates to provide air cargo lift, passenger ACMI and
charter services: aircraft maintenance, airport ground services and
material handling equipment engineering and service. ATSG
subsidiaries comprise ABX Air, Inc.; Airborne Global Solutions,
Inc.; Airborne Maintenance and Engineering Services, Inc.; Air
Transport International, Inc.; Cargo Aircraft Management, Inc.; and
Omni Air International, LLC. For further details, please visit our
website at www.atsginc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506472390/en/
Quint O. Turner, Chief Financial Officer Air Transport Services
Group, Inc. 937-366-2303
Air Transport Services (NASDAQ:ATSG)
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