AIR TRANSPORT SERVICES GROUP TO LEASE 767 TO FIRST AIR@fontSize>
WILMINGTON, Ohio – March 6, 2009 – Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that itssubsidiary, Cargo Aircraft Management, Inc. (CAM), has signed an agreement to lease one of its efficient, widebodyfreighters to Bradley Air Services Limited, which operates throughout Canada as First Air.
Under the three-year agreement, First Air will dry lease a Boeing 767-223 freighter from CAM. Under a contract withDelta TechOps, CAM also will provide engine maintenance services for the leased aircraft.
First Air is Canada’s third largest scheduled carrier, operating more than 30 aircraft, and serving more than 30communities with passenger and cargo transportation services primarily to northern Canada.
Scott Bateman, President and CEO of First Air, said, "This aircraft is our launch aircraft into widebody freighteroperations. It provides efficient capacity to service our core business and the capacity to pursue other opportunities inad-hoc and program charter work."
ATSG CEO and President Joe Hete said, "Our Boeing 767s continue to attract attention from leading cargo airlinesand other operators seeking high quality, widebody aircraft. We are pursuing leasing arrangements with leadingcarriers like First Air and others throughout the world, along with our traditional ACMI and logistics support services.Our goal is to fully deploy our available airlift under long-term agreements that maximize our returns for shareholders."
About ATSG
ATSG is a leading provider of air cargo transportation and related services to domestic and foreign air carriers andother companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including threeairlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides 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,Capital Cargo International Airlines, Inc., Cargo Aircraft Management, Inc., and LGSTX Services, Inc.
Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks anduncertainties. There are a number of important factors that could cause Air Transport Services Group's ("ATSG's") actual results to differ materially fromthose indicated by such forward-looking statements. These factors include, but are not limited to, Amerijet obtaining the necessary approvals from the FAAand 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 onForm 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on ATSG's forwardlookingstatements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ATSG undertakes noobligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
For more information, contact:
Quint Turner
Chief Financial Officer
Air Transport Services Group, Inc.
937-382-5591