ATSG to repurchase shares

Air Transport Services Group (ATSG) has agreed to repurchase $50 million of its common shares at $13.07 per share, representing approximately 3.8 million shares, from its largest shareholder, a fund affiliated with Red Mountain Capital Partners. The shares purchased represent approximately 6 percent of ATSG’s outstanding shares. “Like Red Mountain, many of our investors continue to share our confidence in the growth and earnings potential of ATSG and its businesses, which makes this transaction a good deal for ATSG and its shareholders” The transaction was approved by the Board of Directors of ATSG after market close on June 20, with