EFW (Elbe Flugzeugwerke), based in Germany, has completed the delivery of its first A330P2F (Passenger-to-Freighter conversion) for Air Transport Services Group (ATSG). The converted freighter has been handed over to ULS Airlines Cargo, a Turkish cargo operator, marking a major milestone in the ongoing 30-aircraft conversion agreement between EFW and ATSG.
Air Transport Services Group (US) (ATSG) has announced plans to increase its Airbus freighter leasing portfolio in 2025, preparing to introduce up to four A330-300P2Fs (Passenger-to-Freighter conversions) and five A321-200PCFs into its leasing program. This move underscores ATSG’s commitment to expanding its cargo aircraft offerings amid growing demand for converted narrowbody and widebody freighters.
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
FlyCAA (Congo) is set to become the first African airline to operate an A321-200PCF, as serial 808 is scheduled for delivery soon. The aircraft is being leased from Cargo Aircraft Management (US), marking a significant milestone in the African cargo aviation sector.
Air Transport Services Group (ATSG), a prominent U.S.-based provider of air cargo and leasing services, has entered into a definitive agreement to be acquired by investment firm Stonepeak in an all-cash transaction valued at approximately $3.1 billion. The deal, which is expected to close in the first half of 2025, will result in ATSG transitioning…
Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…
