Tag Archives: 767-200F

Cargojet reports an expanded profit for its second quarter

Cargojet Inc. (Cargojet Airways) (Hamilton, ON) has announced its financial results for the second quarter ending on June 30, 2015.

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For the Second Quarter Ended June 30, 2015 :

Total Revenues were $75.2 million (all amounts are in Canadian dollars), an increase of $30.9 million or 69.6% versus the previous year

Gross Margin was $7.3 million, an increase of $2.1 million or 39.3% versus the previous year

Adjusted EBITDA before one-time costs was $10.9 million, an increase of $6.5 million or 147.7% versus the previous year. Adjusted EBITDA net of one-time costs was $6.6 million .

Adjusted EBITDAR before one-time costs was $20.0 million , an increase of 115.1% versus the previous year. Adjusted EBITDAR net of one-time costs was $15.7 million .

“Cargojet has successfully completed the integration of its new major customer in 2015, which has contributed to revenue growth in the Quarter,” said Ajay Virmani , President and Chief Executive Officer.

“Overall customer demand for Cargojet’s primary overnight network services and its air cargo charter services were softer than expected in the Quarter and we continue to match capacity to actual demand, in order to keep operating costs in line”, he added.

“One-time costs related to the expansion of our core overnight network that started in March 2015 , for a major customer were in line with our planned expenditures,” he added.

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 6 Boeing 767-300 ER, 3 Boeing 767-200 ER, 5 Boeing 757-200 and 9 Boeing 727-200F aircraft.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Cargojet has been adding wide-body freighters including the pictured former American Airlines Boeing 767-223 (F) C-GCJO (msn 22315) pictured at Winnipeg.

Cargojet Airways aircraft slide show: AG Airline Slide Show

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ABX Air to return four Boeing 767-200F freighters to DHL

Air Transport Services Group, Inc. (Wilmington, Ohio) announced its airline subsidiary, ABX Air (Wilmington, Ohio), has received termination notices from DHL affecting four DHL-owned Boeing 767-200 freighter aircraft that ABX Air leases and operates within the U.S. under terms of the Crew, Maintenance and Insurance (CMI) agreement between the companies. DHL sought bids to operate the aircraft from other vendors earlier this year.

The notices are effective in late December 2014 for two aircraft, and in January 2015 for the two remaining aircraft. This reduction in CMI operations for DHL will likely reduce ATSG’s earnings from continuing operations by less than one cent per share in 2015. Excluding those four aircraft, ATSG currently operates 21 freighter aircraft over scheduled routes for DHL, including 17 Boeing 767s and four Boeing 757s.

Related to this announcement, Atlas Air announced it will expand its service for DHL Express’ North American route network using four additional Boeing 767-200 freighter aircraft owned by DHL. Atlas Air expects to start flying the first incremental aircraft in December 2014, and to operate all four by the end of January 2015.

Copyright Photo: Jay Selman/AirlinersGallery.com. ABX Air’s Boeing 767-281 (F) N798AX (msn 23431) arrives in Miami in DHL colors.

ABX Air: AG Slide Show

DHL: AG Slide Show

Atlas Air expands operations for DHL Express

Atlas Air Worldwide Holdings, Inc. (New York) today (August 27) said that its Atlas Air, Inc. (New York) unit will provide expanded operating service for DHL Express’ North American route network using four additional Boeing 767-200 freighter aircraft owned by DHL. Atlas Air expects to start flying the first incremental aircraft in December 2014, and to operate all four by the end of January 2015.

The operation represents a continued expansion of Atlas Air’s non-asset-intensive CMI (Crew, Maintenance and Insurance) service solution, as well as its Boeing 767 platform. With the addition of the aircraft to Atlas Air’s operating certificate, the company’s fleet of Boeing 767s will increase to 15 aircraft, including nine operated for DHL in North America and two for DHL in the Asia-Pacific region.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Atlas Air also operates Boeing 767-300F freighters for DHL. Atlas Air’s Boeing 767-3JHF N644GT (msn 37810) dressed in DHL’s well-known yellow and red livery arrives in Tokyo (Narita).

DHL-Atlas Air: AG Slide Show

Atlas Air: AG Slide Show

AmeriJet announces a new West Coast cargo hub at Reno, Nevada

AmeriJet International, Inc. (Fort Lauderdale/Hollywood and Miami) has announced its U.S. growth plan, including agreements with the Rickenbacker and Reno airports for the development of two domestic air cargo hubs in Ohio and Nevada.

On July 7, AmeriJet will begin daily operations between its new hubs providing long-haul air freight service connecting eleven cities coast to coast for intercontinental and domestic freight.

Amerijet’ s Pamela Rollins, Sr. V.P. Business Development said, “Amerijet’ s dedicated B767 wide body cargo planes will operate exclusively between these hubs and will provide our customers with additional options for expedited and heavyweight domestic freight. We believe this product fills the need for select services once the mainstay of companies such as Burlington Air Express, Kitty Hawk, Emery and other all cargo carriers who did not survive the economic turmoil of the last decade. Our new freighter service is ideal for shipments moving on long-haul lanes over 1,500 miles, especially those in need of time-critical and high-value, temperature controlled or hazardous material shipments.”

“This exciting new coast-to-coast freight service will benefit both businesses and consumers that count on efficient and cost-effective supply chain solutions,” said Elaine Roberts, President & CEO of the Columbus Regional Airport Authority, which operates Rickenbacker International Airport. “Rickenbacker is well-equipped and perfectly positioned to meet Amerijet’s needs as a key hub for this service and we look forward to building a strong, successful partnership with them.”

“Amerijet’s selection of Reno-Tahoe International for its west coast operation is amazing news for our airport and our community,” Marily Mora, President/CEO of Reno-Tahoe International Airport, said. “Their unique, cost-effective business model, that will blend air cargo with trucking, is a perfect fit for our growing list of distribution centers. We are proud to welcome Amerijet, and their CEO Dave Bassett, to our community.”

Rollins further added “This service connects Seattle/Tacoma, San Francisco, Los Angeles, Phoenix and Reno on the west coast with Columbus, Chicago (O’Hare), Detroit, Philadelphia, Newark and Atlanta on the east coast with 1-2 day service. Our customers are going to benefit from late local cut-off times, typically between 7-9pm and early recovery times, including Saturdays. This new network will also connect to our Miami Hub providing our customers with a faster and cost effective way to seamlessly move their freight between our domestic and international routes.”

AmeriJet International, Inc. is full‐service multi‐modal transportation and logistics provider, offering U.S. Domestic and International, scheduled all‐cargo transport via land, sea, and air. Amerijet connects over 30 major cities in the U.S. with more than 600 destinations worldwide, providing global transportation solutions for customers throughout the Americas, Mexico, the Caribbean, Europe, Asia, and the Middle East.

Copyright Photo: Jay Selman/AirlinersGallery.com. Formerly operated by Delta as a passenger aircraft, converted Boeing 767-232 (F) freighter N743AX (msn 22218) approaches the runway at the Miami International Airport (MIA) cargo hub.

AmeriJet International: AG Slide Show

Cargojet Airways leases two Boeing 767-200 ERF freighters from Air Transport Services Group

Air Transport Services Group, Inc. (Wilmington, Ohio), the sister company of ABX Air and ATI, has announced it has signed a new agreement with Cargojet Airways (Hamilton, Ontario), Canada’s cargo airline, to lease two Boeing 767-200 ER freighters.

Cargojet currently dry-leases two Boeing 767-200 freighters from ATSG’s subsidiary Cargo Aircraft Management Inc. (CAM) under long-term agreements. Cargojet has signed agreements to dry-lease an additional two Boeing 767-200 freighters from CAM, for up to three years. The first aircraft is expected to be delivered by the end of the second quarter, with the second aircraft delivering early in the third quarter.

Cargojet is currently in the process of a fleet renewal plan. Leasing these two additional 767-200 freighters is part of the company’s current growth strategy. The cargo airline is gearing up its fleet for the upcoming Canada Post/Purolator contract. The airline is also phasing out its Boeing 727 freighter fleet, one of the last operators of the trijet in North America.

Copyright Photo: Reinhard Zinabold/AirlinersGallery.com. Formerly operated by American Airlines, Boeing 767-223 (F) C-FMCJ (msn 22316) is pictured landing at the Hamilton base.

Cargojet: AG Slide Show

21 Air joins the ACMI leasing business with two Boeing 767-200 freighters

21-air.com 767-200F (Nose)(21 Air)(LR)

21 Air, LLC (Greensboro) is a new North Carolina corporation based in Piedmont Triad International Airport at Greensboro, NC. The company has been created as a marketing vehicle operating in the international ACMI (Aircraft Crew Maintenance and Insurance) and charter markets, to become an Air Cargo Solutions provider. 21 Air currently manages two Boeing 767-200F ERs (ex TAMPA Cargo and Avianca Cargo 767-241F ER N769QT msn 23801 and N768QT msn 23803). The aircraft are operated under U.S. 121 carrier air operator certificates by Dynamic Airways.

Copyright Photo and Images: 21 Air.

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AmeriJet to start a new cargo operation at Rickenbacker International Airport on July 7

AmeriJet International, Inc. (Fort Lauderdale/Hollywood and Miami) has announced its selection of Rickenbacker International Airport as one of its key air cargo hubs connecting eleven cities within the U.S.. Amerijet continues to spread its wings and has signed a long-term lease agreement with the Rickenbacker Airport for a 20,000 square foot facility, including five loading dock doors, located at 2566 Jerrie Mock Ave, Columbus, Ohio 43217. Service from Rickenbacker starts on July 7, with dedicated Boeing 767 wide body freighter service for intercontinental and domestic freight coast to coast.

AmeriJet International, Inc. is a full-service multi-modal transportation and logistics provider, offering U.S. Domestic and International, scheduled all-cargo transport via land, sea, and air. AmeriJet connects over 600 destinations worldwide, providing global transportation solutions for customers throughout the Americas, Mexico, the Caribbean, Europe, Asia, and the Middle East.

Schedules from the Miami hub: CLICK HERE

Copyright Photo: Bruce Drum/AirlinersGallery.com. Ex-Delta Boeing 767-232 (F) N743AX (msn 22218) arrives back at the Miami cargo hub.

AmeriJet International: AG Slide Show

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AmeriJet Service Area Map

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