ATSG announces merger of its subsidiaries

Victoria
By Victoria March 12, 2013 13:00

ATSG announces merger of its subsidiaries

Two of Air Transport Services Group’s airline subsidiaries – Air Transport International and Capital Cargo International Airlines – have merged.
“This merger is the most significant of a number of steps we are taking throughout 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”
The merger creates a single airline, ATI, with its headquarters in Little Rock, Ark., its operations center in Wilmington, Ohio, and its management team led by ATI President Dennis Manibusan. ATI currently operates 13 aircraft, including seven Boeing 767 freighters (five 767-200s and two 767-300s), three Boeing 757 freighters, and three DC-8 combi (combination passenger and main-deck cargo) aircraft. The three DC-8 combis are to be replaced soon with four Boeing 757 combis.
The Air Carrier Certificate for CCIA has been surrendered to the Federal Aviation Administration, and its aircraft leases and other assets transferred to ATI, following that agency’s review and approval of the technical aspects of ATI’s airline merger plan. Further, the economic authority for CCIA has been surrendered to the U.S. Department of Transportation for cancellation.
Joe Hete, President and CEO of ATSG, said completing the merger is an important milestone in an overall effort to make ATSG more profitable, and to better serve its customers.
“This merger is the most significant of a number of steps we are taking throughout 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,” Hete said. “Dennis Manibusan and his teams in each company have worked hard to complete this process, and I applaud their efforts. The larger scale and strength of the new combined ATI they have created will be better prepared to support ATI’s customers, including DHL and the U.S. military, and attract new business in the months to come.”

Victoria
By Victoria March 12, 2013 13:00
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