ATSG Contracts for Purchase of Boeing 767-300 Aircraft

WILMINGTON, Ohio, Sep 08, 2011 (BUSINESS WIRE) — Air Transport Services Group, Inc. ATSG -0.58% said today that its Cargo Aircraft Management Inc. (CAM) subsidiary has committed to purchase a Boeing 767-300-series extended-range aircraft from Qantas Airways Ltd.

ATSG said it anticipates that CAM will take delivery of its fifth 767-300 aircraft from Qantas in the fourth quarter, and schedule it for conversion from passenger to standard freighter configuration by mid-year 2012. CAM owns four other Boeing 767-300 aircraft and 36 Boeing 767-200 aircraft, all of which are in service as standard freighters or undergoing conversion from passenger to freighter configuration.

Joe Hete, President and CEO of ATSG, said, “This additional 767-300ER aircraft extends our leading global position in the medium wide-body freighter market. Our 14 years of experience operating and maintaining 767s around the world, including the expertise of our veteran 767 flight crews and maintenance personnel, make us the preferred source of 767 freighter airlift for customers seeking a comprehensive solution for missions best suited to the 767’s unique performance and fuel-efficiency advantages.”