March 21, 2023

foreign business

project business

ATSG and Air Canada Agree to Sale, Conversion and Leaseback of Two Boeing 767 Aircraft

WILMINGTON, Ohio–(Business WIRE)–Air Transport Services Team, Inc. (NASDAQ:ATSG) these days announced that its Cargo Aircraft Management, Inc. subsidiary has agreed to purchase two Boeing 767-300ER aircraft from Air Canada of Montreal, convert them from passenger to freighter configuration, and lease them back to Air Canada. This is the initially sale-leaseback agreement concerning ATSG and Air Canada.

The first aircraft will be inducted for conversion in March 2021. Equally are envisioned to be redelivered to Air Canada by the stop of 2021.

In November 2020, Air Canada declared the future actions in its strategic strategy to use converted freighters to increase its cargo company across the world wide provide chain in reaction to evolving chances in the air freight market.

“Finding these two 767 freighters into our procedure in 2021 is aligned with our announcement in November,” claimed Jason Berry, vice-president of cargo at Air Canada. “We are psyched to be in a posture to seize the marketplace chances that presently current by themselves. Delivering on our commitments is critically important to all of us at Air Canada.”

ATSG has considerable knowledge in handling the passenger-to-freighter conversion method, which demands comprehensive engineering modifications such as reinforcing the floor beams to assistance major cargo, setting up a principal-deck cargo doorway, and installing a rigid metal barrier at the rear of the cockpit to shield in opposition to sliding masses. The aircraft will be transformed by Israel Aerospace Industries (IAI) of Tel Aviv, Israel.

“It is usually a fantastic feeling to attain a new lease consumer, and we are proud to be in a position to again assist a terrific airline like Air Canada,” claimed Mike Berger, main professional officer of ATSG. “We are seeking forward to providing these airplanes and extending our particular partnership with Air Canada. We go on to see development exterior of the United States, and ATSG continues to empower terrific businesses to consider benefit of rising global e-commerce and cell-commerce tendencies.”

About Air Transport Products and services Team, Inc.

ATSG is a main company of aircraft leasing and air cargo transportation and connected expert services to domestic and foreign air carriers and other firms that outsource their air cargo elevate demands. ATSG, via its leasing and airline subsidiaries, is the world’s major proprietor and operator of converted Boeing 767 freighter aircraft. By way of its principal subsidiaries, together with 3 airlines with separate and distinctive U.S. FAA Portion 121 Air Provider certificates, ATSG gives plane leasing, air cargo carry, passenger ACMI and charter expert services, aircraft upkeep companies and airport ground providers. ATSG’s subsidiaries include things like ABX Air, Inc. Airborne World Options, Inc. Airborne Maintenance and Engineering Expert services, Inc., like its subsidiary, Pemco Globe Air Expert services, Inc. Air Transportation International, Inc. Cargo Plane Management, Inc. and Omni Air Worldwide, LLC. For extra data, be sure to see