Cargojet leases on 767-300F

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By admin February 10, 2015 22:26

Cargojet leases on 767-300F

Air Transport Services Group’s Cargo Aircraft Management (CAM) subsidiary has completed a new six-year lease of a Boeing 767-300 freighter to Cargojet of Canada.
This freighter is in addition to four other Boeing 767 freighters that CAM has leased to Cargojet, including two added in 2014. Together with agreements with DHL for the lease of two more 767 freighters starting next month, CAM expects to have 27 of its 45 Boeing 767 freighters under lease to third parties by the end of March 2015. The remaining aircraft are leased to CAM’s airline affiliates to operate on behalf of other customers.

Joe Hete, President and CEO of ATSG, said that he is confident about ATSG’s outlook for 2015, based on recent freighter leases with Cargojet, DHL, and Amerijet, plus the extension of ATSG’s air network services agreement with DHL through March 2019, and improving trends in its ACMI business that included new service between Hawaii and the U.S. mainland in the fourth quarter last year.

“We ended 2014 on a strong positive trend, and we expect to report solid gains for the year in both earnings and cash flow, excluding non-cash charges. We anticipate that our 2014 Adjusted EBITDA from Continuing Operations will be approximately $178 million, and expect to share our outlook for 2015 when we report our fourth-quarter and full-year results for 2014 on Thursday, March 5, 2015.”

admin
By admin February 10, 2015 22:26