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ATSG's Q3 revenue up 3pc to US$142.3m
US-based Transport Services Group (ATSG) achieved a six per cent increase in freighter aircraft leasing revenues, helping to push its third quarter revenues up three per cent year on year to US$142.3 million.
President and chief executive of ATSG, Joe Hete, was quoted as saying in a report by Air Cargo News: "We deployed three Boeing 767 cargo aircraft under new arrangements during the third quarter, and will deploy eight others, five of those under dry lease arrangements, in the fourth quarter."
Mr Hete added: "We also signed commitments during the third quarter to invest in a new joint venture that will provide air express services in China and other points in Asia, starting in mid-2016 after pending regulatory approvals.
"That airline, United Star Express, will serve rapidly growing e-commerce markets from an operating base in Tianjin. We expect to be a source of leased aircraft to United Star Express as it expands over the next several years."
Looking ahead, Mr Hete said: "The market for ATSG's scale and expertise as an innovative source of comprehensive solutions for regional air networks is expanding rapidly."
President and chief executive of ATSG, Joe Hete, was quoted as saying in a report by Air Cargo News: "We deployed three Boeing 767 cargo aircraft under new arrangements during the third quarter, and will deploy eight others, five of those under dry lease arrangements, in the fourth quarter."
Mr Hete added: "We also signed commitments during the third quarter to invest in a new joint venture that will provide air express services in China and other points in Asia, starting in mid-2016 after pending regulatory approvals.
"That airline, United Star Express, will serve rapidly growing e-commerce markets from an operating base in Tianjin. We expect to be a source of leased aircraft to United Star Express as it expands over the next several years."
Looking ahead, Mr Hete said: "The market for ATSG's scale and expertise as an innovative source of comprehensive solutions for regional air networks is expanding rapidly."
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