ATSG subsidiaries to convert two B737-400 aircraft for China-based airline

Air Transport Services Group reported that its subsidiaries have acquired two Boeing 737-400 aircraft and will convert them to freighter configuration for lease to China-based Okay Airways. ATSG West Leasing, an aircraft leasing company based in Ireland and a wholly owned ATSG subsidiary, has acquired and will lease the aircraft to Okay in late 2017 for terms of seven years. PEMCO World Air Services, another wholly owned ATSG subsidiary, will convert the 737-400s to freighters this summer at PEMCO’s facilities at the Tampa International Airport.