WILMINGTON, Ohio - Air Transport Services (NASDAQ:ATSG) Group, Inc. (NASDAQ: ATSG) has initiated a new lease agreement with DHL Network Operations (USA), Inc., expanding their long-standing partnership. Under this deal, ATSG's subsidiary Cargo Aircraft Management (CAM) will lease a Boeing (NYSE:BA) 767-300 freighter aircraft to DHL for use within its global network.
Paul Chase, the chief commercial officer of ATSG, highlighted the significance of the Boeing 767 in the medium-widebody freighter market, emphasizing its critical role in providing payload capacity and range capabilities that are essential for efficient express delivery operations.
The new lease brings the total number of CAM-leased 767 aircraft operated by DHL to fourteen. Chase also pointed out the unique position ATSG holds in the market, offering a comprehensive bundle of services through its Lease+Plus strategy.
This approach is designed to help leasing customers increase capacity and respond to market demand, incorporating a suite of services such as leasing, air express operations, maintenance, freighter conversions, and logistics.
ATSG is recognized as a leading provider of aircraft leasing and air cargo transportation solutions. Its diverse portfolio includes a global leader in freighter leasing with a fleet featuring Boeing 767, Airbus A321, and Airbus A330 converted freighters.
The company's subsidiaries, which offer a range of services from air cargo lift to aircraft maintenance and engineering, contribute to ATSG's comprehensive offering in the air cargo services sector.
This leasing agreement is a testament to ATSG's commitment to supporting the expansion and efficiency of its clients' cargo operations. The information reported is based on a press release statement from Air Transport Services Group, Inc.
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