Hope for ABX dudes!
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Join Date: Mar 2009
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Hope for ABX dudes!
Friday March 6, 8:00 am ET
WILMINGTON, Ohio -- Air Transport Services Group, Inc. said today that its subsidiary, Cargo Aircraft Management, Inc. (CAM), has signed an agreement to lease one of its efficient, widebody freighters to Bradley Air Services Limited, which operates throughout Canada as First Air.
Under the three-year agreement, First Air will dry lease a Boeing 767-223 freighter from CAM. Under a contract with Delta TechOps, CAM will also provide engine maintenance services for the leased aircraft.
First Air is Canada’s third largest scheduled carrier, operating more than 30 aircraft, and serving more than 30 communities with passenger and cargo transportation services primarily to northern Canada.
Scott Bateman, President and CEO of First Air, said, “This aircraft is our launch aircraft into widebody freighter operations. It provides efficient capacity to service our core business and the capacity to pursue other opportunities in ad-hoc and program charter work.”
ATSG CEO and President Joe Hete said, "Our Boeing 767s continue to attract attention from leading cargo airlines and other operators seeking high quality, widebody aircraft. We are pursuing leasing arrangements with leading carriers like First Air and others throughout the world, along with our traditional ACMI and logistics support services. Our goal is to fully deploy our available airlift under long-term agreements that maximize our returns for shareholders.”
WILMINGTON, Ohio -- Air Transport Services Group, Inc. said today that its subsidiary, Cargo Aircraft Management, Inc. (CAM), has signed an agreement to lease one of its efficient, widebody freighters to Bradley Air Services Limited, which operates throughout Canada as First Air.
Under the three-year agreement, First Air will dry lease a Boeing 767-223 freighter from CAM. Under a contract with Delta TechOps, CAM will also provide engine maintenance services for the leased aircraft.
First Air is Canada’s third largest scheduled carrier, operating more than 30 aircraft, and serving more than 30 communities with passenger and cargo transportation services primarily to northern Canada.
Scott Bateman, President and CEO of First Air, said, “This aircraft is our launch aircraft into widebody freighter operations. It provides efficient capacity to service our core business and the capacity to pursue other opportunities in ad-hoc and program charter work.”
ATSG CEO and President Joe Hete said, "Our Boeing 767s continue to attract attention from leading cargo airlines and other operators seeking high quality, widebody aircraft. We are pursuing leasing arrangements with leading carriers like First Air and others throughout the world, along with our traditional ACMI and logistics support services. Our goal is to fully deploy our available airlift under long-term agreements that maximize our returns for shareholders.”
Join Date: Jun 2008
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Dry Lease (in this case) = ABX Crews remain furloughed/on the street and another Airline using their crews operate the aircraft, translation not a good thing for ABX crews.
This also means fewer assets at ABX for ABX crews to return to.
This simply says that ABX is disposing of aircraft and not a good sign of things to come for ABX crews.
DBW
This also means fewer assets at ABX for ABX crews to return to.
This simply says that ABX is disposing of aircraft and not a good sign of things to come for ABX crews.
DBW
