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

WILMINGTON, Ohio–(Enterprise WIRE)–Air Transport Solutions Group, Inc. (NASDAQ:ATSG) currently announced that its Cargo Aircraft Administration, Inc. subsidiary has agreed to obtain two Boeing 767-300ER plane from Air Canada of Montreal, change them from passenger to freighter configuration, and lease them again to Air Canada. This is the initially sale-leaseback arrangement among ATSG and Air Canada.

The initial aircraft will be inducted for conversion in March 2021. The two are anticipated to be redelivered to Air Canada by the stop of 2021.

In November 2020, Air Canada declared the future methods in its strategic plan to use converted freighters to improve its cargo organization throughout the global offer chain in reaction to evolving opportunities in the air freight market place.

Obtaining these two 767 freighters into our operation 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 situation to seize the sector opportunities that at the moment current them selves. Delivering on our commitments is critically essential to all of us at Air Canada.”

ATSG has significant experience in running the passenger-to-freighter conversion method, which involves extensive engineering modifications these kinds of as reinforcing the floor beams to aid hefty cargo, installing a principal-deck cargo door, and installing a rigid metallic barrier behind the cockpit to shield against sliding hundreds. The plane will be converted by Israel Aerospace Industries (IAI) of Tel Aviv, Israel.

It is normally a good emotion to get a new lease consumer, and we are proud to be equipped to once more aid a terrific airline like Air Canada,” claimed Mike Berger, chief business officer of ATSG. “We are searching forward to delivering these airplanes and extending our special partnership with Air Canada. We continue to see expansion exterior of the United States, and ATSG continues to allow fantastic corporations to acquire advantage of rising world-wide e-commerce and mobile-commerce trends.”

About Air Transportation Providers Group, Inc.

ATSG is a major company of plane leasing and air cargo transportation and relevant providers to domestic and foreign air carriers and other providers that outsource their air cargo elevate prerequisites. ATSG, by means of its leasing and airline subsidiaries, is the world’s major owner and operator of converted Boeing 767 freighter plane. By way of its principal subsidiaries, such as a few airlines with independent and unique U.S. FAA Component 121 Air Provider certificates, ATSG gives aircraft leasing, air cargo carry, passenger ACMI and constitution solutions, aircraft maintenance services and airport ground providers. ATSG’s subsidiaries incorporate ABX Air, Inc. Airborne World Answers, Inc. Airborne Routine maintenance and Engineering Expert services, Inc., such as its subsidiary, Pemco Earth Air Providers, Inc. Air Transportation Global, Inc. Cargo Aircraft Administration, Inc. and Omni Air International, LLC. For additional details, you should see www.atsginc.com.