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Announcement
ATSG AIRLINE
SUBSIDIARIES COMPLETE MERGER
WILMINGTON, OH - March 11, 2013 – Air Transport Services Group, Inc.
(NASDAQ:ATSG) announced today the completion of the merger of two of its airline
subsidiaries, Air Transport
International, Inc. (ATI) and Capital Cargo International Airlines, Inc.
(CCIA).
The merger creates a single airline, ATI, with its headquarters in Little Rock,
Ark., its operations center in Wilmington, Ohio, and its management team led by
ATI President ATSG President and CEO
Dennis Manibusan. ATI currently operates 13 aircraft, including seven Boeing
767 freighters (five 767-200s and two 767-300s), three Boeing 757 freighters,
and three DC-8 combi (combination passenger and main-deck cargo) aircraft. The
three DC-8 combis are to be replaced soon with four Boeing 757 combis.
The Air Carrier Certificate for CCIA has been surrendered to the Federal
Aviation Administration, and its aircraft leases and other assets transferred to
ATI, following that agency’s review and approval of the technical aspects of
ATI’s airline merger plan. Further, the economic authority for CCIA has been
surrendered to the U.S. Department of Transportation for cancellation.
ATSG President and CEO
Joe Hete,
President and CEO of ATSG, said completing the merger is an important milestone
in an overall effort to make ATSG more profitable, and to better serve its
customers.
“This merger is the most significant of a number of steps we are taking
throughout ATSG to better fit our airline overhead and operating cost structures
to the airline operations we have today, and expect to add in the future,” Hete
said. “Dennis Manibusan and his teams in each company have worked hard to
complete this process, and I applaud their efforts. The larger scale and
strength of the new combined ATI they have created will be better prepared to
support ATI’s customers, including DHL and the U.S. military, and attract new
business in the months to come.”
About Air Transport Services Group, Inc.
ATSG is a leading provider of aircraft leasing and air cargo transportation and
related services to domestic and foreign air carriers and other companies that
outsource their air cargo lift requirements. ATSG, through its leasing and
airline subsidiaries, is the world's largest owner and operator of converted
Boeing 767 freighter aircraft. Through its principal subsidiaries, including two
airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates,
ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services
and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne
Global Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft
Management, Inc.; and Airborne Maintenance and Engineering Services, Inc. Learn
more at
www.atsginc.com.