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ATSG Completes Lease Agreement With Amerijet

LBR Staff Writer Published 15 July 2010

Cargo Aircraft Management (CAM), a leasing subsidiary of Air Transport Services Group (ATSG), has completed a lease agreement with Amerijet International for a second efficient, Boeing 767 medium wide body freighter.

As per the seven-year agreement, Amerijet will dry-lease its second Boeing 767-232 special freighter from CAM. CAM delivered the first leased freighter to Amerijet in March 2010. Amerijet also holds options to lease three additional 767 freighters from CAM.

CAM is providing turnkey assistance to Amerijet as the leased aircraft enter its operating fleet. CAM will provide access to engine maintenance for Amerijet via CAM's contract with Delta TechOps, a subsidiary of Delta Air Lines.

Dave Bassett, president of Amerijet, said: Leasing the 767 special freighter fits with our growth strategy and the efficiencies we get with this aircraft will improve profitability.

Leasing from CAM gives us access to the ATSG family of companies and they do an excellent job of bundling their services to streamline getting this aircraft into revenue service much quicker.

Joe Hete, president and CEO of ATSG, said: With the placement of this aircraft we now have 15, or half of our available Boeing 767 freighter aircraft, under long-term leases with customers external to the ATSG group. The rest are deployed in ACMI service by one of the ATSG-owned airlines.

We continue to see demand from leading cargo airlines and other operators seeking high quality, medium wide body aircraft. The efficiencies, services and the flexibility that the ATSG family of companies offers have made our fleet of 767s very attractive to the leading cargo airlines.

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