ATSG deploys four more Freighters in support of DHL network

Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that its airline subsidiaries are deploying four additional freighter aircraft in January to support the U.S. portion of DHL’s international network. The additions include three Boeing 767-200 freighters operated by subsidiary ABX Air under terms of its continuing CMI agreement with DHL, and a Boeing 757-200 freighter operated by subsidiary Air Transport International (ATI) under a multi-year ACMI agreement, bringing ATSG’s support of DHL’s network up to a total of 27 available aircraft. Twenty-three of those 27 aircraft are owned by ATSG, and four are owned by and leased from DHL. ATSG subsidiary Cargo Aircraft Management (CAM) provides 13 of the 23 under seven-year dry leases to DHL terminating either in 2017 or 2018. As part of a fleet modernization strategy undertaken by ATSG and DHL, the new implementations replace retiring Boeing 727 aircraft operated by ATI and a third airline subsidiary, Capital Cargo International Airlines (CCIA). The retired freighters will be offered for sale.