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Air Transport Services reports Q2 loss of US$53.7 million
WILMINGTON, Ohio's Air Transport Services Group (ATSG) posted a second-quarter net loss of US$53.7 million, despite a 43.4 per cent year-on-year increase to $253.2 million.
Said ATSG president and CEO Joe Hate: "Expanding our fleet to include A321-200 freighters will supplement the shareholder value we create in the future.
"I'm pleased to say that we are scheduled to deliver the twentieth leased B767 freighter to Amazon later this week, 17 months after we formalised our relationship in March 2016. Our total leased-aircraft portfolio has grown by eight B767s as of June 30, compared to the same date a year ago.
"Excluding the two 767-300s required to complete Amazon's 20-aircraft order, our current purchase and conversion commitments will yield 12 additional B767-300s extending through the first half of next year."
Said ATSG president and CEO Joe Hate: "Expanding our fleet to include A321-200 freighters will supplement the shareholder value we create in the future.
"I'm pleased to say that we are scheduled to deliver the twentieth leased B767 freighter to Amazon later this week, 17 months after we formalised our relationship in March 2016. Our total leased-aircraft portfolio has grown by eight B767s as of June 30, compared to the same date a year ago.
"Excluding the two 767-300s required to complete Amazon's 20-aircraft order, our current purchase and conversion commitments will yield 12 additional B767-300s extending through the first half of next year."
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