ATSG buys 3 B767s from Qantas

[Dave Dale]

Quote:

"Air Transport Service Group Inc. said Monday it has committed to buy three Boeing 767-300 extended range jets from Qantas Airways Ltd, executing on a letter of intent announced in May.

The Wilmington, Ohio-based air transport services company said it expects to take delivery on the three GE-power jets, with a payload of 120,000 pounds, by this fall. ATSG didn't disclose the purchase price, but said similar 767-300 extended range freighters are valued from $28.5 to $31.5 million.

Joe Hete, ATSG president and CEO, said, "The purchase of these 767-300ERs extends our leading position in the medium wide-body freighter market, and gives us the means to transport greater cargo volumes over longer non-stop routes than our 767-200s can today."

The company said it will finance the purchase from its existing credit agreements."

Source: http://news.cincinnati.com/article/2...7s-from-Qantas