UPS, pilots union kicked out of plane crash investigation

After comments published on Air Cargo World’s website, the National Transportation Safety Board (NTSB) ejected the Independent Pilots Association (IPA) and UPS Airlines from its ongoing investigation of UPS Flight 1354.

Flight 1354 crashed on approach to Birmingham, Ala., in August 2013.

The NTSB took the action Monday after it found that IPA, the union representing UPS pilots, and UPS violated the terms of the party agreement that each had signed at the start of the investigation.

In letters to each organization, the NTSB wrote that IPA and UPS took actions “prejudicial to the investigation” by publicly providing their own analysis of the investigation prior to the NTSB’s public meeting to determine the probable cause of the accident.

“NTSB investigations depend heavily upon technical input from the accident parties,” Acting Chairman Christopher A. Hart said. “If one party disseminates information about the accident, it may reflect that party’s bias. This puts the other parties at a disadvantage and makes them less willing to engage in the process, which can undercut the entire investigation.”

Without first consulting with the NTSB, the IPA issued a press release on Aug. 13 providing its own analysis of the accident, which NTSB said is prohibited in the party agreement. In the press release published by Air Cargo World on its website, the IPA called for an end to the exemption of all-cargo airline operators from FAR Part 117, the new pilot rest and operating rules enacted by Congress.

UPS, also without first consulting with the NTSB, posted comments on Air Cargo World responding to the IPA press release, in which NTSB said it provided its own analysis.

“Flight 1354 was a tragedy, and UPS continues to mourn the loss of our crewmembers, Capt. Cerea Beal and First Officer Shanda Fanning. We believe the anniversary is a time for reflection about the accident and the lives of our crewmembers,” UPS Airlines spokesperson Mike Mangeot wrote in the comments section. “Despite union rhetoric, the facts of Flight 1354 do not support changing rest rules for cargo crewmembers. A cargo pilot is not a passenger pilot. Just because all pilots sit in cockpits does not mean they experience the same conditions.”

The NTSB has the responsibility for disseminating aviation accident investigation-related information from the time of the accident’s occurrence all the way through to the end of its investigation.

The NTSB may grant “party status” to organizations that are able to provide technical assistance in an investigation. As a condition to being granted this status, as UPS Airlines and IPA were, parties sign an agreement that prohibits them from releasing investigative information to the media or to comment on or analyze investigative findings without prior consultation with the NTSB.

“UPS was surprised and disappointed to learn of the NTSB’s decision to remove our party status from the Flight 1354 investigation. We are a company that takes regulatory compliance very seriously, which is why we’re troubled by this decision,” Mangeot says in a statement from UPS Airlines. “We maintain that our actions have been in line with NTSB rules for communicating during an accident investigation. Those rules limit discussions to facts released by the investigation. Throughout the investigation, we have limited our discussions to those facts, and that’s what we did this time, too.”

Mangeot says the NTSB’s position that it should have been consulted “represents a change in the interpretation of those rules.” UPS Airlines has asked the NTSB to reconsider its decision. As of Tuesday at 9 a.m. ET, UPS Airlines had not received a response, Mangeot says.

“It is worth noting that the NTSB does not take issue with UPS’s factual statement. Their concern is that we did not notify them,” he says. “We believe we have been unfairly reprimanded for attempting to set the facts straight and defending our brand.”

IPA declined to comment about the NTSB’s decision to Air Cargo World.

Article source: http://www.aircargoworld.com/Air-Cargo-World-News/2014/08/ups-pilots-union-kicked-out-plane-crash-investigation/6720

Research and Markets: International Air Cargo In Mexico (Imports/Exports)

DUBLIN–(BUSINESS WIRE)–

Research and Markets (http://www.researchandmarkets.com/research/nwhg5v/international_air) has announced the addition of the “International Air Cargo In Mexico (Imports/Exports)” report to their offering.

This report provides detailed information on the import and export air cargo in Mexico, detailing the volume of all types of cargo vs air cargo in terms of value. In addition, the customs of entry of air cargo, top 20 sectors, top 20 products and top 20 companies in import and export air cargo are provided.

This report also details the main customs of entry and exit in value (usd). An extra detail of the top 3 customs in import and export is presented, showing the top sectors and top products for each of the three customs with figures in value (usd) and number of companies by sector or product.

Key Topics Covered:

1. Size of the Trade Data

2. Customs of Entry of Air Cargo

3. Top 20 Sectors in Air Cargo

4. Top 20 Products in Air Cargo

5. Top 20 Companies (by value of cargo)

6. Air Cargo Imports by Airport (Custom) in 2013, in million USD vs Country of Origin

7. Top 3 Airports (Customs) in value of cargo

8. Size of the Trade Data

9. Customs of Exit of Air Cargo

10. Top 20 Sectors in Air Cargo

11. Top 20 Products in Air Cargo

12. Top 20 Companies (by value of cargo)

13. Air Cargo Imports by Airport (Custom) in 2013, in million USD vs Country of Origin

14. Top 3 Airports (Customs) in value of cargo

Companies Mentioned

  • ABC Aerolineassa De Cv
  • Aerovias De Mexico Sa De Cv
  • Apple Operations Mexico, S.A. De C.V.
  • ARJ De Yucatan Sa De Cv
  • Boehringer Ingelheim Promeco Sa De Cv
  • Celestica De Monterrey Sa De Cv
  • Cia Mexicana De Aviacion Sa De Cv
  • Continental Automotive Mexicana Sa De Cv
  • Desarrollos Mineros San Luissa De Cv
  • Flextronics Manufacturing Mex Sa De Cv
  • Flextronics Plastics Sa De Cv
  • Grupo Buenoro S.A. De C.V.
  • IBM De Mexico Comercializacion Y Servicios Sa De Cv
  • Jabil Circuit De Mexico Sa De Cv
  • Lenovo Centro Tecnologico, S. De R.L. De C.V.
  • LG Electronics Mexico Sa De Cv
  • Menlo Worldwide Mexicos De Rl De Cv
  • Merck Sharp Dohme De Mexico Sa De Cv
  • Met Mex PeOles Sa Cv
  • Mexicana Mro, S.A. De C.V.
  • Pce Paragon Solutions (Mexico) S.A. De C.V.
  • Pfizer Sa Cv
  • Productos Roche, S.A. De C.V.
  • Saltillo Jet Centers De Rl De Cv
  • Samsung Electronics Mexico Sa De Cv
  • Sanmina-Sci Systems De Mexico Sa De Cv
  • Schering Plough Sa De Cv
  • Siemens Vdo Sa De Cv
  • Sony De Mexico Sa De Cv
  • Wyeth Sa De Cv

For more information visit http://www.researchandmarkets.com/research/nwhg5v/international_air

Article source: http://finance.yahoo.com/news/research-markets-international-air-cargo-180100133.html

ATSG Reports Strong Second Quarter Results

WILMINGTON, Ohio–(BUSINESS WIRE)–

Air Transport Services Group, Inc. (ATSG), the leading provider
of medium wide-body aircraft leasing, air cargo transportation and
related services, today reported consolidated financial results for the
quarter ended June 30, 2014.

For the second quarter of 2014:

  • Revenues were $149.6 million, up $10.7 million, or 8 percent from a
    year ago. Excluding revenues from reimbursable expenses, revenues
    increased $4.8 million, or 4 percent. The year-over-year gain stemmed
    from an improvement in combi revenue from the U.S. military and more
    aircraft maintenance services performed for external customers.
  • Pre-tax earnings from continuing operations increased 33 percent to
    $14.7 million. Sharp improvement in the profitability of ATSG’s
    airline operations more than offset margin reductions in ATSG’s
    aircraft leasing business, which incurred greater costs without
    compensating revenues while preparing 767 freighters for redeployment
    to external lease customers.
  • Net earnings from continuing operations of $9.3 million, or $0.14 per
    share, were up 34 percent from $6.9 million, or $0.11 per share a year
    ago. The Company has operating loss carryforwards for U.S. federal
    income tax purposes that offset its federal income tax liabilities. As
    a result, ATSG does not expect to pay significant federal income taxes
    until 2016 or later.
  • Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and
    Amortization, also adjusted for the effect of derivative transactions)
    was $45.3 million, up 26 percent from $35.9 million in the prior-year
    quarter, and up 17 percent from $38.8 million in the first quarter of
    2014. Adjusted EBITDA is a non-GAAP financial measure, defined and
    reconciled to comparable GAAP results in separate tables at the end of
    this release.

Separately today, ATSG announced that its Board of Directors has
authorized the purchase of up $50 million of the company’s common
shares, with discretion to determine whether and to what extent such
repurchases might take place. Also, ATSG said that its aircraft leasing
business, CAM, has agreed to purchase from Guggenheim Aviation Partners,
Ltd., two 767-300 freighters that ATSG is already operating under leases
from Guggenheim.

Joe Hete, President and Chief Executive Officer of ATSG, said, “The
second quarter provided strong evidence of the efficiency with which our
businesses convert revenue growth into cash flow and higher earnings.
The new agreements with Amerijet and Cargojet we announced in May,
including dry leases of four more of our 767s, led to the return of
several 767 freighters from our airlines to our leasing business, CAM.
That shift, plus significant reductions in personnel related costs,
fewer heavy maintenance checks in the second quarter, and stronger
returns from our operations for the U.S. military, led to a profitable
quarter in our ACMI Services segment. I’m also pleased with the
contribution of our aircraft maintenance business, AMES, which opened
its new hangar facility in Wilmington in late June.”

For the first half of 2014, ATSG earned $15.8 million, or $0.24 per
share from continuing operations, up 3 percent from the first half of
2013. Revenues increased 4 percent to $293.2 million. Adjusted EBITDA
for the first half of 2014 was $84.1 million, up 15 percent from the
first half of 2013.

Capital expenditures in the first half, including expenses related to
construction of new leased hangar facilities, were $23.5 million,
compared with $72.8 million in the first half of 2013. The company
increased its projection for 2014 capital spending from $45 million to
approximately $95 million to reflect the purchase of two currently
leased-in 767-300 freighters at the end of the third quarter.

Segment Results

CAM (Aircraft Leasing)

Significant Developments:

  • Lower pre-tax earnings from leasing operations reflect a $5.5 million
    increase in depreciation from additional and newer aircraft, including
    four Boeing 757 combis (combined passenger and main-deck cargo
    aircraft) that offer significant operating cost savings compared with
    the DC-8s they replaced. At the same time, CAM’s costs to prepare
    aircraft for redeployment to lessees, and the associated loss of lease
    revenues from CAM’s airline affiliates for those aircraft, reduced its
    second-quarter earnings by about $1.5 million.
  • At June 30, CAM owned 51 Boeing cargo aircraft in serviceable
    condition. Four CAM-owned 757 combis have entered service since the
    first one was deployed in June 2013, and three DC-8 combis were
    retired, including one that was removed at the end of the second
    quarter last year. One more 767-300 freighter was added earlier this
    year. A table reflecting cargo aircraft in service is included at the
    end of this release.
  • CAM delivered the first of two 767-200 freighters to Cargojet in June
    under a dry-lease agreement. It expects to deliver four more 767
    freighters this year, including two 767-300s to Amerijet and another
    767-200 to Cargojet this summer. Amerijet also extended for 18 months
    the dry-lease agreements for two of the three 767-200s that it
    currently leases from CAM. Finally, West Atlantic of Sweden is
    expected to lease a 767 freighter from CAM later this quarter.
  • When fully implemented, the new arrangements with Amerijet, Cargojet
    and West Atlantic are expected to expand the number of CAM aircraft
    leased to external customers from 21 to 25.

ACMI Services

Significant Developments:

  • A pre-tax profit in the second quarter contrasts with losses of $9
    million a year ago and $7 million in the first quarter of this year.
    Principal factors were reductions in personnel costs including pension
    expense, fewer heavy maintenance checks than in the prior periods,
    stronger results from combi operations for the U.S. Military, and
    lower lease costs compared with the second quarter last year.
  • ACMI block hours decreased 6 percent compared with the prior-year
    quarter, principally reflecting reduced operations for DHL in the
    Mideast that ended early this year.

Other Activities

  • A $1.5 million increase in pre-tax earnings was driven largely by a
    $5.8 million gain in revenues from external customers at AMES. They
    also supported CAM’s efforts to prepare its freighters during the
    second quarter for new dry lease assignments. A new two-bay, 105,000
    square foot hangar opened in Wilmington in June, which will support
    AMES’s growth.

Outlook

ATSG now projects that its Adjusted EBITDA for 2014 will exceed $170
million, with final results for the year dependent on its ability to
continue to deploy its aircraft.

“The broad interest in our aircraft that we noted in May has persisted
into the summer,” Hete said. “We expect our cash flow this year to
continue to benefit from operating gains from additional aircraft
leases, plus reduced pension funding obligations. As we deploy more
aircraft under multi-year customer arrangements, we have also
demonstrated our confidence in the cash-generating power of the business
through a Board authorization for share repurchase flexibility. We now
have the option to choose from a wide range of non-exclusive capital
allocation alternatives, mindful of the interests of our shareholders
for long-term growth, a strong balance sheet, and optimal returns on
their investments.”

Conference Call

ATSG will host a conference call on August 6, 2014, at 10:00 a.m.
Eastern time to review its financial results for the second quarter of
2014. Participants should dial 888-895-5479 and international
participants should dial 847-619-6250 ten minutes before the scheduled
start of the call and ask for conference pass code 37765304. The
call will also be webcast live (listen-only mode) via www.atsginc.com.

A replay of the conference call will be available by phone on August 6,
2014, beginning at 2:00 p.m. and continuing through August 13, 2014, at
(888) 843-7419 (international callers 630-652-3042); use pass code 37765304#.
The webcast replay will remain available via www.atsginc.com
for 30 days.

About ATSG

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. For more information, please see www.atsginc.com.

Except for historical information contained herein, the matters
discussed in this release contain forward-looking statements that
involve risks and uncertainties. There are a number of important factors
that could cause Air Transport Services Group’s (“ATSG’s”) actual
results to differ materially from those indicated by such
forward-looking statements. These factors include, but are not limited
to, changes in market demand for our assets and services, the number and
timing of deployments of our aircraft, our operating airlines’ ability
to maintain on-time service and control costs, and 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 on Form
10-K and Quarterly Reports on Form 10-Q. Readers should carefully review
this release and should not place undue reliance on ATSG’s
forward-looking statements. These forward-looking statements were based
on information, plans and estimates as of the date of this release. ATSG
undertakes no obligation to update any forward-looking statements to
reflect changes in underlying assumptions or factors, new information,
future events or other changes.

 

 

AIR TRANSPORT SERVICES GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

 

 

 

 

 

 

Three Months Ended

Six Months Ended

June 30,

June 30,

2014

 

2013

2014

 

2013

REVENUES

$

149,618

$

138,904

$

293,211

$

282,183

 

OPERATING EXPENSES

Salaries, wages and benefits

40,895

41,964

83,960

85,273

Maintenance, materials and repairs

23,168

25,005

48,047

47,139

Depreciation and amortization

27,142

21,765

52,121

42,685

Fuel

14,014

12,440

26,274

26,801

Rent

6,924

6,791

14,234

13,570

Travel

4,419

4,772

8,992

9,499

Landing and ramp

2,576

1,972

5,314

6,037

Insurance

1,573

1,396

2,778

2,907

Other operating expenses

10,790

 

8,630

 

19,538

 

17,690

 

131,501

124,735

261,258

251,601

 

 

 

 

 

 

 

 

OPERATING INCOME

18,117

14,169

31,953

30,582

OTHER INCOME (EXPENSE)

Interest income

24

18

43

39

Interest expense

(3,481

)

(3,554

)

(7,304

)

(6,686

)

Net gain on derivative instruments

31

 

452

 

330

 

742

 

(3,426

)

(3,084

)

(6,931

)

(5,905

)

 

 

 

 

 

 

 

 

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

14,691

11,085

25,022

24,677

INCOME TAX EXPENSE

(5,393

)

(4,170

)

(9,202

)

(9,261

)

 

 

 

 

 

 

 

 

EARNINGS FROM CONTINUING OPERATIONS

9,298

6,915

15,820

15,416

 

EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX

211

 

(1

)

422

 

(2

)

NET EARNINGS

$

9,509

 

$

6,914

 

$

16,242

 

$

15,414

 

 

EARNINGS PER SHARE – Basic

Continuing operations

$

0.14

 

$

0.11

 

$

0.25

 

$

0.24

 

Discontinued operations

0.01

 

 

 

 

NET EARNINGS PER SHARE

$

0.15

 

$

0.11

 

$

0.25

 

$

0.24

 

 

EARNINGS PER SHARE – Diluted

Continuing operations

$

0.14

 

$

0.11

 

$

0.24

 

$

0.24

 

Discontinued operations

0.01

 

 

0.01

 

 

NET EARNINGS PER SHARE

$

0.15

 

$

0.11

 

$

0.25

 

$

0.24

 

 

WEIGHTED AVERAGE SHARES

Basic

64,285

 

64,050

 

64,217

 

63,931

 

Diluted

65,207

 

64,859

 

65,174

 

64,692

 

 

 

AIR TRANSPORT SERVICES GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

 

 

 

 

 

 

June 30,

December 31,

2014

2013

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

23,763

$

31,699

Accounts receivable, net of allowance of $863 in 2014 and $717 in
2013

57,126

52,247

Inventory

9,777

9,050

Prepaid supplies and other

12,810

9,730

Deferred income taxes

13,957

13,957

Aircraft and engines held for sale

1,015

 

2,995

 

TOTAL CURRENT ASSETS

118,448

119,678

 

Property and equipment, net

809,810

838,172

Other assets

38,214

21,143

Pension assets, net of obligations

18,862

14,855

Intangibles

4,755

4,896

Goodwill

34,395

 

34,395

 

TOTAL ASSETS

$

1,024,484

 

$

1,033,139

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

$

33,971

$

34,818

Accrued salaries, wages and benefits

21,061

23,163

Accrued expenses

10,121

9,695

Current portion of debt obligations

24,027

23,721

Unearned revenue

9,487

 

8,733

 

TOTAL CURRENT LIABILITIES

98,667

100,130

 

Long term debt

328,103

360,794

Post-retirement obligations

29,985

30,638

Other liabilities

64,134

62,740

Deferred income taxes

118,335

109,869

 

STOCKHOLDERS’ EQUITY:

Preferred stock, 20,000,000 shares authorized, including 75,000
Series A Junior Participating Preferred Stock

Common stock, par value $0.01 per share; 75,000,000 shares
authorized; 64,939,895 and 64,618,305 shares issued and outstanding
in 2014 and 2013, respectively

649

646

Additional paid-in capital

526,023

524,953

Accumulated deficit

(110,571

)

(126,813

)

Accumulated other comprehensive loss

(30,841

)

(29,818

)

TOTAL STOCKHOLDERS’ EQUITY

385,260

 

368,968

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

1,024,484

 

$

1,033,139

 

 

 

 

 

 

AIR TRANSPORT SERVICES GROUP, INC. AND SUBSIDIARIES

PRE-TAX EARNINGS AND ADJUSTED PRE-TAX EARNINGS SUMMARY

FROM CONTINUING OPERATIONS

NON-GAAP RECONCILIATION

(In thousands)

 

 

Three Months Ended

Six Months Ended

June 30,

June 30,

2014

 

2013

2014

 

2013

Revenues

CAM

$

40,590

$

39,362

$

81,225

$

78,331

ACMI Services

Airline services

88,657

89,920

176,164

183,077

Reimbursables

22,647

 

16,684

 

43,736

 

34,843

 

Total ACMI Services

111,304

106,604

219,900

217,920

Other Activities

36,493

 

26,951

 

63,301

 

53,205

 

Total Revenues

188,387

172,917

364,426

349,456

Eliminate internal revenues

(38,769

)

(34,013

)

(71,215

)

(67,273

)

Customer Revenues

$

149,618

 

$

138,904

 

$

293,211

 

$

282,183

 

 

Pre-tax Earnings from Continuing Operations

CAM, inclusive of interest expense

10,667

17,214

25,107

34,087

ACMI Services

309

(9,093

)

(6,737

)

(14,497

)

Other Activities

4,108

2,607

7,125

4,788

Net, unallocated interest expense

(424

)

(95

)

(803

)

(443

)

Net gain on derivative instruments

31

 

452

 

330

 

742

 

Total Pre-tax Earnings

$

14,691

$

11,085

$

25,022

$

24,677

 

Adjustments to Pre-tax Earnings

Less net gain on derivative instruments

(31

)

(452

)

(330

)

(742

)

Adjusted Pre-tax Earnings

$

14,660

 

$

10,633

 

$

24,692

 

$

23,935

 

 

Adjusted Pre-tax Earnings is defined as Earnings from Continuing
Operations Before Income Taxes less derivative gains. Management uses
Adjusted Pre-tax Earnings from Continuing Operations to assess the
performance of its operating results among periods. Adjusted Pre-tax
earnings from Continuing Operations is a non-GAAP financial measure and
should not be considered an alternative to Earnings from Continuing
Operations Before Income Taxes or any other performance measure derived
in accordance with GAAP.

 

 

AIR TRANSPORT SERVICES GROUP, INC. AND SUBSIDIARIES

UNAUDITED ADJUSTED EARNINGS FROM CONTINUING OPERATIONS BEFORE
INTEREST, TAXES, DEPRECIATION AND AMORTIZATION

NON-GAAP RECONCILIATION

(In thousands)

 

 

 

 

 

 

Three Months Ended

Six Months Ended

June 30,

June 30,

2014

 

2013

2014

 

2013

 

Earnings from Continuing Operations Before Income Taxes

$

14,691

$

11,085

$

25,022

$

24,677

Interest Income

(24

)

(18

)

(43

)

(39

)

Interest Expense

3,481

3,554

7,304

6,686

Depreciation and Amortization

27,142

 

21,765

 

52,121

 

42,685

 

EBITDA from Continuing Operations

$

45,290

$

36,386

$

84,404

$

74,009

Less net gain on derivative instruments

(31

)

(452

)

(330

)

(742

)

 

 

 

 

 

 

 

 

Adjusted EBITDA from Continuing Operations

$

45,259

 

$

35,934

 

$

84,074

 

$

73,267

 

 

EBITDA and Adjusted EBITDA from Continuing Operations are non-GAAP
financial measures and should not be considered as alternatives to
Earnings from Continuing Operations Before Income Taxes or any other
performance measure derived in accordance with GAAP.

EBITDA from Continuing Operations is defined as Earnings from Continuing
Operations Before Income Taxes plus net interest expense, depreciation,
and amortization expense. Adjusted EBITDA from Continuing Operations is
defined as EBITDA from Continuing Operations less derivative gains.

Management uses EBITDA from Continuing Operations as an indicator of the
cash-generating performance of the operations of the Company. Management
uses Adjusted EBITDA from Continuing Operations to assess the
performance of its operating results among periods. EBITDA and Adjusted
EBITDA from Continuing Operations should not be considered in isolation
or as a substitute for analysis of the Company’s results as reported
under GAAP, or as an alternative measure of liquidity.

 

 

AIR TRANSPORT SERVICES GROUP, INC. AND SUBSIDIARIES

IN-SERVICE CARGO AIRCRAFT FLEET

 

Aircraft Types

 

 

 

 

December 31,

 

 

June 30,

 

 

December 31,

2013

2014

2014 Projected

 

 

Operating

 

 

Operating

 

 

Operating

Total

Owned

Lease

Total

Owned

Lease

Total

Owned

Lease

B767-200

40

36

4

40

36

4

40

36

4

B767-300

8

6

2

9

7

2

9

9

B757-200

4

4

4

4

4

4

B757 Combi

3

3

4

4

4

4

Total Aircraft In-Service

55

49

6

57

51

6

57

53

4

 

Owned Aircraft In Serviceable Condition

December 31,

June 30,

December 31,

2013

2014

2014 Projected

ATSG airlines

29

26

27-28

External customers

20

21

25-26

Staging/Unassigned

4

49

51

53

 

Article source: http://finance.yahoo.com/news/atsg-reports-strong-second-quarter-201600446.html

AAR’s Nordisk Delivers the Industry’s Lightest Full-Aluminum Containers to Korean Air

Norway, August 18, 2014 — AAR’s Nordisk Aviation Products announced today it has started delivery of 400 Nordisk AluLite AKE air cargo containers to Korean Air. The Nordisk AluLite AKE weighs 65 kg and is the lightest-weight full-aluminium airfreight LD3 container in the industry.

“Korean Air continues to favour aluminium because of its simplicity in maintenance and greater recycling benefits. With the Nordisk AluLite, Korean Air also gets the lightest full aluminium AKE container available,” says Boon Yang Sim, Nordisk’s Vice President of Sales and Business Development, Asia Pacific and the People’s Republic of China. “Nordisk’s relationship with Korean Air began in 1979 and has leveraged Nordisk’s development of lighter containers for the past 35 years without compromising durability and quality.”

Nordisk is the leading supplier of air cargo containers and pallets in the industry., With more than 700,000 ULDs sold over 40 years, Nordisk ULDs are used by virtually every airline operating wide-body aircraft.

AAR (NYSE: AIR), with its Telair and Nordisk subsidiaries, offers a full line of main-deck and lower-deck cargo systems and a variety of baggage handling and freight solutions that enable increased payload and fuel savings. From the Nordisk Ultralite®, the lightest-weight container in the industry, to a patented Sliding Carpet® baggage loading system to specialized pallets, containers and air mobile shelters, AAR offers products with excellent strength-to-weight performance, high reliability and low total cost of ownership, backed by a global aftermarket support network.

About Nordisk Aviation Products

A subsidiary of aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air cargo containers and pallets, also known as Unit Load Devices (ULD) to the global commercial aviation industry. Nordisk, established in 1970, has production facilities in Norway, China and the United States and has spare parts warehousing and sales offices across Europe, Asia, and the United States. Nordisk containers and pallets are flown by nearly every airline operating wide-bodied aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. For more information visit www.nordisk-aviation.com or call + 852 2107 6668.

About AAR

AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.

Article source: http://www.aviationpros.com/press_release/11652152/aars-nordisk-delivers-the-industrys-lightest-full-aluminum-containers-to-korean-air

Leading Air Cargo Company Selects Ultimate Software’s UltiPro for Unified Human Capital Management

WESTON, Fla.–(BUSINESS WIRE)–

Ultimate Software (ULTI), a leading cloud provider of people management solutions, announced today that Air T Inc., a leading provider of delivery and services to the air express industry, has selected the cloud-based UltiPro solution to enhance its processes for human capital management (HCM).

North Carolina-based Air T provides air cargo services across eastern North America through its wholly owned subsidiaries Mountain Air Cargo, Inc. and CSA Air, Inc. The company also provides aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries Global Ground Support, LLC, based in Olathe, KS, and Global Aviation Services, LLC, which has operations across the U.S. Global’s primary customers include the U.S. military, passenger, and cargo airlines as well as airports in international markets.

Air T has been using multiple methods to handle its HR and payroll operations, including a payroll service bureau as well as other third-party systems. Without having a unified HCM solution, the company experienced a range of business challenges, such as inaccurate data, duplicate data entry, manual reconciliation, and a lack of customer support. Executives at Air T made the decision to move to cloud-based UltiPro in January 2014.

“Relying on multiple systems was not providing maximum value to our company or subsidiaries. We couldn’t trust that the data being produced was accurate,” said Kelly Corn, director of human resources at Air T Inc. “We wanted to be in partnership with an HCM vendor that is always making technology improvements and one that could provide us with high levels of customer support.”

“Ultimate Software was the standout of HCM providers that we evaluated. The fact that UltiPro is a unified HCM solution will be a major advantage to our teams, employees, and overall company. We can accelerate our HR, payroll, and talent processes, like time-to-hire and onboarding, as well as significantly reduce our administrative efforts. Plus, Ultimate is always evolving its technology with new functionality, more flexible delivery models, more responsive and collaborative customer service, and more overall value.”

Cloud-based UltiPro provides businesses like Air T cohesive HCM functionality, including HR, payroll, benefits enrollment, talent acquisition, talent management, time management, as well as strategic insight into multinational employees. HR-related teams, managers, executives, and employees have instant, 24-7 access to information and resources to quickly and effectively perform business activities. And because UltiPro provides companies with one system of record for workforce information, business intelligence is immediately available across all areas of HCM, such as by department, division, subsidiary, or country.

“One of the bigger wins for our business will be higher levels of accuracy and speed as well as increased hard- and soft-cost savings. One area that we’re especially excited about is improving our processes for performance management,” said Corn. “Managers can complete their evaluations much more easily and efficiently, and ultimately this makes the employee happier and more engaged, which is a significant advantage in today’s business climate. With the suite of tools available in UltiPro, we are looking forward to better talent retention and better talent management.”

“Plus, Ultimate impressed us right away by establishing a comfortable, collaborative working relationship with us. From the initial meetings, we realized Ultimate’s people really understood the unique needs of our business. Ultimate’s emphasis on the customer is huge for us, and it’s reassuring to know we have immediate access to an appointed account manager who is focused on our success.”

“Using multiple systems to handle HR, payroll, and talent operations presents considerable challenges, especially with a company within the complex transportation industry. Synchronizing HCM in one unified, centralized solution can result in countless business advantages,” said Chris Phenicie, chief sales officer at Ultimate Software. “Our customers experience higher levels of control, flexibility, accuracy, and support services as well as immediate, in-depth, strategic insight into their diverse workforce. We’re very pleased to add Air T to our expanding roster of customers, and we look forward to supporting its unique business with our cloud technology.”

About Ultimate Software

Ultimate Software is a leading cloud provider of people management solutions, with more than 17 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate’s award-winning UltiPro delivers HR, payroll, talent, compensation, and time and labor management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 2,000 professionals focused on developing the highest quality solutions and services. In 2014, Ultimate was ranked #20 on FORTUNE’s list of the 100 Best Companies to Work For; ranked #8 on Forbes magazine’s list of the 100 Most Innovative Growth Companies; and recognized as a ‘Leader’ in Nucleus Research’s HCM Technology Value Matrix. Ultimate has 2,700 customers with employees in 150 countries, including Adobe Systems Incorporated, Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Rangers Baseball, and Texas Roadhouse. More information on Ultimate’s products and services for people management can be found at www.ultimatesoftware.com.

UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

Follow Ultimate Software on Twitter: www.twitter.com/UltimateHCM and on LinkedIn: http://linkd.in/UltimateHCM

Article source: http://finance.yahoo.com/news/leading-air-cargo-company-selects-194500899.html

O'Hare Sees Cargo Traffic Spike

Aug. 12–Chicago O’Hare International Airport has seen a spike in cargo volume during the first half of the year, adding to evidence that the freight business at O’Hare is recovering from the deep nationwide recession, an official said.

Air cargo volume at O’Hare increased 8.5 percent in the first six months of the year, compared to the same time period in 2013, according to the Chicago Department of Aviation. In June 2014 alone, O’Hare’s cargo tonnage rose 11 percent over the same month last year, it said.

The airport has seen declining cargo volumes in recent years, according to department statistics, down about 0.6 percent in 2013 and down 4.1 percent in 2012.

“Air cargo creates billions of dollars in economic activity and supports thousands of jobs in the Chicago region,” said Rosemarie S. Andolino, aviation department commissioner. “This significant increase in cargo volume at our global gateway is a positive sign of recovery and growth following the global economic recession over the last few years that impacted cargo traffic at airports around the globe.”

She added that with capacity created by the airport’s modernization program and development of new cargo facilities, O’Hare “is well positioned to be one of the world’s leading hubs for air cargo.”

About 30 cargo carriers serve O’Hare, including many of the largest freight carriers from China, Europe and the Middle East, the aviation department said. Chicago is the top national gateway for air exports to China, with more than 25 percent of the market, the department said. Besides dedicated freight carriers, many of the passenger airlines that serve O’Hare carry cargo in the belly of their aircraft.

While Chicago is the second-largest U.S. airport, next to Atlanta, for airline passenger traffic, it ranked only sixth for cargo volume last year, according to Airports Council International. However, with about $115 billion worth of freight handled annually, O’Hare ranks second among U.S. airports for the monetary value of its air cargo, the aviation department said.

With more than 738,500 tons of cargo handled for the first half of 2014, O’Hare is on track to reach approximately 1.5 million tons for the year, the department said. That’s a level the airport hasn’t seen since 2011, according to department data.

gkarp@tribune.com

 

 

Copyright 2014 – Chicago Tribune

Article source: http://www.aviationpros.com/news/11624693/ohare-sees-cargo-traffic-spike