Latest news with #ULSAirlinesCargo
Yahoo
4 days ago
- Business
- Yahoo
ATSG Delivers Second A330 Converted Freighter to ULS Airlines Cargo
WILMINGTON, Ohio, August 14, 2025--(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 View source version on Contacts Kym Parks, Director, MarketingAir Transport Services Group, 937-470-5348 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
4 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
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
