Latest news with #ATSG
Business Wire
3 days ago
- Business
- Business Wire
ATSG Delivers Second A330 Converted Freighter to ULS Airlines Cargo
WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc., a leading provider of cargo aircraft leasing, air cargo transportation, and related services, today announced the delivery of its second Airbus A330 passenger-to-freighter (P2F) conversion to ULS Airlines Cargo, a cargo carrier based in Istanbul, Türkiye. The A330-300P2F is a versatile widebody freighter offering a gross payload capacity of approximately 62 tons and a cargo volume of over 526 cubic meters. The aircraft was converted from passenger to freighter configuration by Turkish Technic in Istanbul, in collaboration with Elbe Flugzeugwerke GmbH (EFW), the joint venture of Airbus and ST Engineering that holds the Supplemental Type Certificate (STC) for the A330P2F program. 'ATSG's A330P2F program continues to deliver modern, fuel-efficient freighter capacity to meet the growing demands of global air cargo,' said Todd France, Chief Commercial Officer of ATSG. 'The delivery of this second aircraft to ULS reflects our shared commitment to fleet modernization, operational reliability, and long-term partnership.' ULS Airlines Cargo operates a network spanning Europe, the Middle East, and Asia, specializing in scheduled and charter cargo services. The addition of a second A330P2F strengthens its capacity to serve high-volume and long-haul markets, complementing its existing fleet and supporting its strategic growth plans. 'Expanding our A330P2F fleet enhances our ability to meet customer demand while improving efficiency and reliability,' said Yasin Ata, Managing Director of ULS Airlines Cargo. 'We value ATSG's expertise in providing dependable aircraft solutions and look forward to continuing this partnership as we grow our cargo network.' About Air Transport Services Group Air Transport Services Group (ATSG) is a premier provider of aircraft leasing and air cargo transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced air cargo services. ATSG is the global leader in freighter leasing with a fleet that includes Boeing 767, Airbus A321, and Airbus A330 aircraft. A diverse portfolio of subsidiaries encompasses ATSG's Lease+Plus aircraft leasing strategy including three airlines holding separate and distinct U.S. FAA Part 121 Air Carrier certificates to provide air cargo lift, passenger ACMI and charter services, aircraft maintenance, airport ground services and material handling equipment engineering and service. ATSG subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For further details, visit About ULS Airlines Cargo ULS Airlines Cargo is an Istanbul-based cargo carrier offering scheduled and charter services to destinations across Europe, the Middle East, the Far East, and Africa. Operating a fleet of widebody freighters, ULS is committed to providing efficient, reliable air cargo solutions that meet the evolving needs of its global customers. For further details, visit
Yahoo
18-07-2025
- Business
- Yahoo
Xtium's CFO on team-building and tech's competitive energy
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Jeanne Walters started college expecting to finish as a nurse but left as an accountant. Frustrated by how long she'd be taking science courses before she could start nurse training, Walters noticed how her accounting major roommate was learning what she needed for her chosen career much sooner. So, Walters added an accounting course to her schedule. She soon had the correct formula for an entirely new career path. Walters' role today as CFO of Xtium, a managed IT services provider, extends her deep experience with technology companies. The Xtium name itself has only been around since March; it's the result of a late 2024 merger between tech firms ATSG and Evolve IP. For her part, Walters has also been the CFO of both a private equity-owned enterprise mobility, telematics and business process automation company and a publicly traded health care technology organization. Before joining Xtium in 2021, Walters was CFO of a private equity-owned behavioral health services provider and briefly owned a healthy-eating franchise. Jeanne Walters CFO, Xtium First CFO position: 2004 Notable previous employers: TrueCore Behavioral Solutions Sage Ernst & Young This interview has been edited for brevity and clarity. JEANNE WALTERS: It's about having access to cutting-edge innovation while you're constantly learning. In many cases, we're not just selling the solution to customers, we're also implementing it within our organization. It's exciting to see the value firsthand. I also love being ahead of the curve and seeing the different types of technology available to businesses to improve efficiency and drive growth. I was intrigued when the company recruited me. The organization manages multiple facilities in Tennessee and Florida; residents are primarily adjudicated youth. I became very interested in the position once I met some of the people at the facility where I'd be working. It was a great experience, and I especially enjoyed interacting with the young people, but I eventually missed the energy and competitive drive to do better that comes with a private equity-owned technology company. I needed to get back in there and help businesses and employees grow. This successful California startup offering healthy eating options like smoothies and natural juices wanted to expand to the East Coast, where I am. The concept was a bit before its time for the East Coast, though. In addition, the franchisor expanded before it had the proper franchisee systems and support in place. So, I wasn't involved with it very long. But I learned so much from the experience that translates to where I'm at now. It helped me see what's required to have a successful business. For example, I grew to understand how important it is to know which vendor relationships are core to your success and why you must make sure you've got solid relationships with those organizations. I learned a lot about human resources, too, including why and how you need to build a great team. It's important to communicate, listen and explain why the acquisition or merger integration is occurring. It goes beyond the 'why,' though, to discussing what we have to do to make it successful. When you project a positive attitude and have patience so people understand the why and the how, they're excited about the opportunity for career growth. Still, it's hard, because with system integrations, there are staffing reorganizations and business process re-engineering. It's my job to be the rock and to be confident and honest. My ability to build great teams. It's strategic, and it's hard to do. Assembling the right team is like putting an intricate puzzle together. Once you get that right and have teams that work well together, their effectiveness in finance and their impact on the organization are incredible. They become leaders, drivers of change and information providers. I am a stickler about obtaining a CPA license and working in a public accounting environment. Experience in that discipline helps people understand how businesses run from top to bottom. It also teaches how to go through financial statements at a detailed level, how to analyze and why you need to look for positive and negative trends and drivers. You also get involved in many different industries, see great and horrible companies and witness successes and bankruptcies. It's a wonderful place to start a career. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
17-07-2025
- Business
- Business Wire
ATSG Leases First EASA-Certified A321 Converted Freighter To Warsaw Cargo
WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc., a leading provider of cargo aircraft leasing, air cargo transportation, and related services, today announced the delivery of its first A321 passenger-to-freighter (P2F) conversion certified by the European Union Aviation Safety Agency (EASA) to Warsaw Cargo, an emerging air cargo operator based in Warsaw, Poland. The A321-200PCF is a highly capable narrowbody freighter that brings modern efficiency and versatility to regional air cargo networks. Converted through 321 Precision Conversions, a joint venture of ATSG, the aircraft features containerized main deck cargo capability, excellent fuel efficiency, and a payload capacity of up to 27 tons. Its design makes it particularly well-suited for time-sensitive shipments in high-density, short- to medium-haul markets. 'ATSG continues to grow its global leasing fleet with high-performance, fuel-efficient aircraft, providing flexible, reliable aircraft solutions tailored to our clients' operational goals,' said Todd France, Chief Commercial Officer of ATSG. 'This delivery represents another milestone in our international growth strategy and supports Warsaw Cargo's vision to expand reliable cargo service across Europe.' Warsaw Cargo specializes in flexible ACMI and charter solutions for both short- and long-term cargo operations. The addition of the A321 freighter to its fleet will allow the carrier to enhance service across Europe and adjacent regions, meeting growing demand for regional express and e-commerce cargo. 'As a new cargo carrier, we're focused on building a strong foundation with the right partners and the right equipment,' said Jarosław Chłopecki, Chief Executive Officer of Warsaw Cargo. 'This A321 freighter allows us to launch operations with a reliable, efficient aircraft platform, and ATSG's expertise and support have been instrumental. We're excited to meet the growing demand for regional cargo service across Europe.' About Air Transport Services Group Air Transport Services Group (ATSG) is a premier provider of aircraft leasing and air cargo transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced air cargo services. ATSG is the global leader in freighter leasing with a fleet that includes Boeing 767, Airbus A321, and Airbus A330 aircraft. A diverse portfolio of subsidiaries encompasses ATSG's Lease+Plus aircraft leasing strategy including three airlines holding separate and distinct U.S. FAA Part 121 Air Carrier certificates to provide air cargo lift, passenger ACMI and charter services: aircraft maintenance, airport ground services and material handling equipment engineering and service. ATSG subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For further details, visit About Warsaw Cargo Warsaw Cargo is a Poland-based startup air cargo carrier focused on delivering flexible and reliable freight solutions across Europe and neighboring regions. Specializing in ACMI and charter operations, Warsaw Cargo is committed to providing responsive service tailored to the evolving needs of logistics providers, e-commerce platforms, and freight forwarders. With a focus on efficiency, scalability, and customer-driven solutions, Warsaw Cargo is building a modern fleet designed to meet the growing demand for regional air cargo transportation. For further details, visit
Yahoo
06-03-2025
- Business
- Yahoo
Turkey's ULS Cargo Airlines to receive 1st A330 freighter in March
Air Transport Services Group, a major lessor and operator of freighter aircraft, expects to deliver its first Airbus A330-300 converted freighter this month to Turkey-based ULS Airlines Cargo and a second one in April, an industry source close to the company said. The Airbus A330-300 cargo jets are much larger than the three A310 converted freighters ULS Airlines Cargo currently operates from Istanbul Airport. Air Transport Services Group (NASDAQ: ATSG) said in Tuesday's fourth-quarter earnings report that it plans to place its first four Airbus A330-300 converted freighters with customers this year after historically relying on the Boeing 767 as its platform of choice. The first two A330 freighter conversions are expected to be completed in March, ATSG added in its annual report. The A330's introduction has slipped several months for undisclosed reasons. Industry publication Cargo Facts in March 2024 first reported ULS Airlines Cargo as the launch customer for ATSG's A330 lease program and said then the planes would join the fleet last August. That month, Wilmington, Ohio-based ATSG said two A330s were nearly finished undergoing conversion by Airbus aftermarket services affiliate Elbe Flugzeugwerke GmbH and would be delivered in late 2024. EFW accepted ATSG's first A330 passenger plane at one of its conversion facilities in October previously reported that EFW was months behind schedule delivering A330 passenger-to-freighter conversions to Amazon Air and South America's Avianca because of program mismanagement that compounded supply chain challenges across the aerospace sector. An ATSG spokesperson didn't respond to an email query seeking details about the A330's conversion and delivery schedule. ATSG intends to acquire and convert 29 A330s for cargo to diversify its midsize aircraft offering as the availability of used 767 passenger aircraft begins to dry up, but will take longer to do so after the company in 2023 decided to scale back capital expenditures in favor of cash flow and shareholder returns. The company several years ago formed a joint venture to design a conversion for Airbus A321 into a cargo configuration, but so far has had difficulty leasing them because of overcapacity in the global narrowbody freighter fleet, a slowdown in regional parcel demand and competition from the Boeing 737-800. There are three A321s in service and five additional conversions in storage that ATSG said it expects to lease this month, stockholders voted to approve the proposed merger with Stonepeak, an alternative investment firm specializing in infrastructure and real assets. The company is working to obtain approval from the U.S. Department of Transportation and hopes to complete the transaction in the first half of the year, according to quarterly results published on Tuesday. The addition of 10 Boeing 767-300 freighters provided by retail and logistics giant Amazon helped improve airline revenues from the prior quarter. Amazon last spring ended a partnership with Atlas Air and began transferring the 10 medium freighters to ATSG subsidiary ABX Air to operate on its behalf for five years. The final aircraft joined the ABX fleet in December. ATSG now operates 51 medium 767 freighters for Amazon, including 30 owned and leased by ATSG. ATSG's results improved slightly in the second half of 2024. Revenue during the fourth quarter was flat year over year at $517 million. Adjusted earnings from core operations increased 23% to $162.2 million. ATSG generated $34.7 million in free cash flow versus negative cash flow of $65.5 million in the same 2023 period. On a full-year basis, revenue slipped $100,000 to $2 billion, and adjusted core earnings decreased 2.2% to $549.4 million. Straight leasing revenue decreased 12% for the fourth quarter and 6% for the year as the scheduled return of nine 767-200 and four 767-300 leased aircraft offset the placement of nine additional 767-300s with customers. At the end of the year, ATSG had 91 aircraft leased to external customers – one more than in 2023. It sold nine older 767-200s and three 767-300s during the year. The outsourced airline business saw pretax earnings tumble to $1 million for the full year from $32 million in 2023 due to reduced flying in the Amazon and DHL Express delivery networks, as well as by passenger operator Omni International. Increased costs, including for employee compensation and capital expenses, also hurt profitability, ATSG revenue block hours for ATSG airlines declined 5% in 2024 versus the prior year. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Write to Eric Kulisch at ekulisch@ Avianca faces delivery delays for Airbus converted freighters The post Turkey's ULS Cargo Airlines to receive 1st A330 freighter in March appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Teamsters pilots authorize strikes at Omni Air
This article first appeared in AirlineGeeks. Omni Air International pilots represented by the Teamsters Union have voted to authorize strikes at the airline after the union said Omni made 'unilateral changes to working conditions' without following legally required processes. According to a news release from the Teamsters, 350 pilots represented by the Airline Professionals Association-Teamsters Local 1224 voted by a 99% margin to strike. The move comes one year after pilots voted unanimously to call a strike against the Tulsa, Oklahoma-based carrier once released to do so by the National Mediation the past year, the Teamsters release said, Omni and parent company ATSG 'have committed a record number of contract violations and at least one unlawful status quo change.' The union said a recent survey of Omni pilots showed 'serious concerns' regarding safety and working conditions, with 80% of pilots saying they do not have confidence the company is prioritizing pilot safety and operational integrity. The release added that 91% of Omni pilots also report that the carrier's scheduling practices cause pilot fatigue, while 40% of pilots say Omni management has attempted to coerce them into unsafe practices or violations of federal aviation regulations. 'The Teamsters urge Omni Air to honor the contributions of these pilots and stop implementing unlawful status quo changes,' said Greg Unterseher, director of the Teamsters airline division, in the release. 'Our pilots are dedicated professionals who deserve to be treated with dignity and respect. If the company refuses to recognize our rights, we are prepared to act accordingly.'Around 600 pilots at Omni's sister company, Air Transport International, a subsidiary of ATSG and the largest Amazon air cargo carrier, are also operating under an active strike vote authorization administered by their labor union, the Air Line Pilots Association. ATSG, on behalf of Omni, told AirlineGeeks in an emailed statement that the airline wants to keep negotiating with the union. 'Omni Air International remains committed to negotiating in good faith with their pilots' union,' ATSG stated. 'They value the contributions of the pilots and are focused on reaching an agreement that supports all employees while ensuring continued service for their customers and delivering value to stakeholders. They look forward to a resolution that benefits everyone involved.' The post Teamsters pilots authorize strikes at Omni Air appeared first on FreightWaves.
