Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest owner and operator of converted Boeing 767 aircraft, announced today that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing (NYSE: BA) for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters (BCF), with an option for four additional conversions beyond that. The conversions are slated to begin in late 2023.
“Demand for the 767-300 platform remains strong among e-commerce and express providers,” said Mike Berger, chief commercial officer of ATSG. “As the world leader in midsize freighter leasing, ATSG is committed to fulfilling our 360-degree brand promise to provide wide-spectrum support for our customers around the globe as they continue to grow market share and expand their reach.”
ATSG’s initial order of four 767-300BCF conversions was announced in November 2021. With these four additional Boeing conversion commitments, ATSG now has secured with its conversion suppliers more than 80 passenger-to-freighter conversion slots over the next five years.
“We are thrilled that ATSG has again selected the 767-300BCF to increase their portfolio and fleet growth for e-commerce and express customers around the world,” said Jens Steinhagen, director of the Boeing Converted Freighter program. “The 767-300BCF is in strong demand, and we are adding three additional 767-300BCF conversion lines at new and existing MRO suppliers around the globe to help customers like ATSG provide their customers with the dedicated freighter capacity they need.”