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ATSG DELIVERS SECOND DRY-LEASED 767 FREIGHTER TO AMERIJET
Fifteen 767s Now Under Multi-Year Leases to External Customers

WILMINGTON, OH - July 16, 2010 – Air Transport Services Group, Inc. (NASDAQ:ATSG) announced that its leasing subsidiary, Cargo Aircraft Management, Inc. (CAM), has completed a lease agreement with Amerijet International, Inc. for a second efficient, Boeing 767 medium wide body freighter.

Under 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, Inc. CAM arranged Boeing 767 training for Amerijet pilots through ABX Air, which also provided maintenance manuals and technical assistance to help Amerijet obtain 767 operating certification. Airborne Maintenance & Engineering Services, another ATSG subsidiary, will provide line and heavy maintenance services, component exchange services and engineering services to Amerijet as necessary to support its daily aircraft operations.

“Leasing the 767 special freighter fits with our growth strategy and the efficiencies we get with this aircraft will improve profitability,” noted Amerijet President Dave Bassett. “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.”

"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,” ATSG CEO and President Joe Hete said. “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.”

Amerijet, which operates Boeing 727-200 and Boeing 767-200 aircraft from its primary hub at Miami International Airport and provides airfreight services from Miami and throughout Central America, South America and the Caribbean, has been a long-term ACMI customer of ABX Air, an ATSG cargo airline. Its main base is Fort Lauderdale-Hollywood International Airport. ATSG’s relationship with Amerijet has grown from one 767 freighter provided on an ACMI basis through ABX Air, to two 767s dry leased by CAM for full operation by Amerijet, with maintenance and support services provided through ATSG subsidiaries.

 
 

About Air Transport Services Group, Inc. (ATSG)
ATSG is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides air cargo lift, aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG’s subsidiaries include ABX Air, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; LGSTX Services, Inc.; and Airborne Maintenance and Engineering Services Inc.
 

Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. There are a number of important factors that could cause Air Transport Services Group's ("ATSG's") actual results to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, changes in market demand for our assets and services, and other factors that are contained from time to time in ATSG's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on ATSG's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ATSG undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

 
 

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ntact:
Air Transport Services Group, Inc.
Quint Turner
(937) 382-5591

 
             
             

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