ATSG announces share buyback

Lessor Air Transport Services Group (ATSG) has “adopted a new common-share repurchase authorisation in replacement for its largely exhausted prior authorisation”, meaning it could “repurchase up to an additional US$150 million of its common shares”. President and chief executive Rich Corrado said the move, “when used effectively as one component of a carefully considered capital allocation programme”, would “in the best interest of all shareholders of ATSG”. The group resumed share repurchases last month under a previous board authorisation, according to a company statement, since when it has acquired “approximately 1.6 million of its shares, or approximately 2% of those