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