Atsg Holds Annual Meeting of Stockholders

Total Page:16

File Type:pdf, Size:1020Kb

Atsg Holds Annual Meeting of Stockholders Employee Portal Corporate Store ATSG ATSG HOLDS ANNUAL MEETING OF STOCKHOLDERS Randy Rademacher Elected Chairman of the Board WILMINGTON, OH – May 7, 2015 -- Stockholders of Air Transport Services Group, Inc. (ATSG) meeting here today re-elected four directors, adopted a new long-term incentive plan, ratified the appointment of the Company’s outside auditors, and ratified the compensation paid to the Company’s named executive officers in 2014. Following the annual meeting, the Board elected Randy D. Rademacher, 58, Chairman of the Board, succeeding James H. Carey, who retired from the Board upon the completion of his term. Rademacher is Senior Vice President and Chief Financial Officer of Reading Rock, Inc. a privately owned manufacturer and distributor of concrete products. He has been a director of ATSG since December 2006, serving as chairman of the Nominating and Governance committees and a member of the Audit Committee. From 1985 to 2005, Rademacher was with Comair Holdings LLC, a regional passenger airline. He was President of Comair Holdings from 1999 to 2005. At the annual meeting, - Directors elected to one-year terms on the Board were Joseph C. Hete, 61, Arthur J Lichte, 65, J. Christopher Teets, 42, and Jeffrey J. Vorholt, 62. - Stockholders adopted a new long-term incentive plan. - Stockholders ratified the selection of Deliotte & Touche LLP to serve as the Company’s independent registered public accounting firm for fiscal 2015. - Stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers for 2014. A complete report of the results of the meeting will be filed in a Form 8-K with the Securities and Exchange Commission. About Air Transport Services Group, Inc. (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..
Recommended publications
  • Abx Air Reaches Tentative Agreement with Pilot Union
    Employee Portal Corporate Store ATSG ABX AIR REACHES TENTATIVE AGREEMENT WITH PILOT UNION WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (ATSG) said today that its ABX Air subsidiary has reached a tentative agreement to amend the collective bargaining agreement with its pilot group, currently numbering more than 230 flight crew members. ABX Air’s pilots are represented by the Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224 (IBT). The tentative agreement would extend for six (6) years from the date of ratification by the ABX Air pilots. “We are optimistic that this tentative agreement, if ratified, will give ABX Air the opportunity to compete for new growth and provide all our employees with opportunities for career advancement and financial stability,” said ABX Air president David Soaper, “while ensuring that ABX Air continues to provide the excellent service its customers expect.” Terms of the tentative agreement were not disclosed but will be presented to the ABX Air pilot group prior to holding a ratification vote. The vote is expected to be completed prior to the end of the year. About Air Transport Services Group, Inc. (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 three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services.
    [Show full text]
  • Automated Flight Statistics Report For
    DENVER INTERNATIONAL AIRPORT TOTAL OPERATIONS AND TRAFFIC March 2014 March YEAR TO DATE % of % of % Grand % Grand Incr./ Incr./ Total Incr./ Incr./ Total 2014 2013 Decr. Decr. 2014 2014 2013 Decr. Decr. 2014 OPERATIONS (1) Air Carrier 36,129 35,883 246 0.7% 74.2% 99,808 101,345 (1,537) -1.5% 73.5% Air Taxi 12,187 13,754 (1,567) -11.4% 25.0% 34,884 38,400 (3,516) -9.2% 25.7% General Aviation 340 318 22 6.9% 0.7% 997 993 4 0.4% 0.7% Military 15 1 14 1400.0% 0.0% 18 23 (5) -21.7% 0.0% TOTAL 48,671 49,956 (1,285) -2.6% 100.0% 135,707 140,761 (5,054) -3.6% 100.0% PASSENGERS (2) International (3) Inbound 68,615 58,114 10,501 18.1% 176,572 144,140 32,432 22.5% Outbound 70,381 56,433 13,948 24.7% 174,705 137,789 36,916 26.8% TOTAL 138,996 114,547 24,449 21.3% 3.1% 351,277 281,929 69,348 24.6% 2.8% International/Pre-cleared Inbound 42,848 36,668 6,180 16.9% 121,892 102,711 19,181 18.7% Outbound 48,016 39,505 8,511 21.5% 132,548 108,136 24,412 22.6% TOTAL 90,864 76,173 14,691 19.3% 2.0% 254,440 210,847 43,593 20.7% 2.1% Majors (4) Inbound 1,698,200 1,685,003 13,197 0.8% 4,675,948 4,662,021 13,927 0.3% Outbound 1,743,844 1,713,061 30,783 1.8% 4,724,572 4,700,122 24,450 0.5% TOTAL 3,442,044 3,398,064 43,980 1.3% 75.7% 9,400,520 9,362,143 38,377 0.4% 75.9% National (5) Inbound 50,888 52,095 (1,207) -2.3% 139,237 127,899 11,338 8.9% Outbound 52,409 52,888 (479) -0.9% 139,959 127,940 12,019 9.4% TOTAL 103,297 104,983 (1,686) -1.6% 2.3% 279,196 255,839 23,357 9.1% 2.3% Regionals (6) Inbound 382,759 380,328 2,431 0.6% 1,046,306 1,028,865 17,441 1.7% Outbound
    [Show full text]
  • Pilots Jump to Each Section Below Contents by Clicking on the Title Or Photo
    November 2018 Aero Crew News Your Source for Pilot Hiring and More... ExpressJet is taking off with a new Pilot Contract Top-Tier Compensation and Work Rules $40/hour first-year pay $10,000 annual override for First Officers, $8,000 for Captains New-hire bonus 100% cancellation and deadhead pay $1.95/hour per-diem Generous 401(k) match Friendly commuter and reserve programs ARE YOU READY FOR EXPRESSJET? FLEET DOMICILES UNITED CPP 126 - Embraer ERJ145 Chicago • Cleveland Spend your ExpressJet career 20 - Bombardier CRJ200 Houston • Knoxville knowing United is in Newark your future with the United Pilot Career Path Program Apply today at expressjet.com/apply. Questions? [email protected] expressjet.com /ExpressJetPilotRecruiting @expressjetpilots Jump to each section Below contents by clicking on the title or photo. November 2018 20 36 24 50 32 Also Featuring: Letter from the Publisher 8 Aviator Bulletins 10 Self Defense for Flight Crews 16 Trans States Airlines 42 4 | Aero Crew News BACK TO CONTENTS the grid New Airline Updated Flight Attendant Legacy Regional Alaska Airlines Air Wisconsin The Mainline Grid 56 American Airlines Cape Air Delta Air Lines Compass Airlines Legacy, Major, Cargo & International Airlines Hawaiian Airlines Corvus Airways United Airlines CommutAir General Information Endeavor Air Work Rules Envoy Additional Compensation Details Major ExpressJet Airlines Allegiant Air GoJet Airlines Airline Base Map Frontier Airlines Horizon Air JetBlue Airways Island Air Southwest Airlines Mesa Airlines Spirit Airlines
    [Show full text]
  • November 2017 Newsletter
    PilotsPROUDLY For C ELEBRATINGKids Organization 34 YEARS! Pilots For KidsSM ORGANIZATION Helping Hospitalized Children Since 1983 Want to join in this year’s holiday visits? Newsletter November 2017 See pages 8-9 to contact the coordinator in your area! PFK volunteers have been visiting youngsters at Texas Children’s Hospital for 23 years. Thirteen volunteers representing United, Delta and Jet Blue joined together and had another very successful visit on June 13th. Sign up for holiday visits in your area by contacting your coordinator! “100% of our donations go to the kids” visit us at: pilotsforkids.org (2) Pilots For Kids Organization CITY: LAX/Los Angeles, CA President’s Corner... COORDINATOR: Vasco Rodriques PARTICIPANTS: Alaska Airlines Dear Members, The volunteers from the LAX Alaska Airlines Pilots Progress is a word everyone likes. The definition for Kids Chapter visited with 400 kids at the Miller of progress can be described as growth, develop- Children’s Hospital in Long Beach. This was during ment, or some form of improvement. their 2-day “Beach Carnival Day”. During the last year we experienced continual growth in membership and also added more loca- The crews made and flew paper airplanes with the tions where our visits take place. Another sign kids. When the kids landed their creations on “Run- of our growth has been our need to add a second way 25L”, they got rewarded with some cool wings! “Captain Baldy” mascot due to his popularity. Along with growth comes workload. To solve this challenge we have continually looked for ways to reduce our workload and cost through increased automation.
    [Show full text]
  • World Air Transport Statistics, Media Kit Edition 2021
    Since 1949 + WATSWorld Air Transport Statistics 2021 NOTICE DISCLAIMER. The information contained in this publication is subject to constant review in the light of changing government requirements and regulations. No subscriber or other reader should act on the basis of any such information without referring to applicable laws and regulations and/ or without taking appropriate professional advice. Although every effort has been made to ensure accuracy, the International Air Transport Associ- ation shall not be held responsible for any loss or damage caused by errors, omissions, misprints or misinterpretation of the contents hereof. Fur- thermore, the International Air Transport Asso- ciation expressly disclaims any and all liability to any person or entity, whether a purchaser of this publication or not, in respect of anything done or omitted, and the consequences of anything done or omitted, by any such person or entity in reliance on the contents of this publication. Opinions expressed in advertisements ap- pearing in this publication are the advertiser’s opinions and do not necessarily reflect those of IATA. The mention of specific companies or products in advertisement does not im- ply that they are endorsed or recommended by IATA in preference to others of a similar na- ture which are not mentioned or advertised. © International Air Transport Association. All Rights Reserved. No part of this publication may be reproduced, recast, reformatted or trans- mitted in any form by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval sys- tem, without the prior written permission from: Deputy Director General International Air Transport Association 33, Route de l’Aéroport 1215 Geneva 15 Airport Switzerland World Air Transport Statistics, Plus Edition 2021 ISBN 978-92-9264-350-8 © 2021 International Air Transport Association.
    [Show full text]
  • Student Investment Fund
    STUDENT INVESTMENT FUND 2007-2008 ANNUAL REPORT May 9, 2008 http://org.business.utah.edu/investmentfund TABLE OF CONTENTS 2007-2008 STUDENT MANAGERS........................................................................................... 3 HISTORY ...................................................................................................................................... 4 STRATEGY................................................................................................................................... 5 Davidson & Milner Portfolios .................................................................................................... 5 School Portfolio .......................................................................................................................... 6 DAVIDSON AND MILNER PERFORMANCE........................................................................ 6 Overall ........................................................................................................................................ 6 Individual Stock Performance..................................................................................................... 7 SCHOOL PERFORMANCE....................................................................................................... 9 Overall ........................................................................................................................................ 9 Individual Stock Performance....................................................................................................
    [Show full text]
  • 2008 Annual Report Air Transport Services Group 2008 Annual Report
    SM 2008 Annual Report Air Transport Services Group 2008 Annual Report To Our Shareholders 2008 was bound to be a year of dramatic the $91.2 million in impairment charges, full-year change for us. Shortly after our acquisition of Cargo pre-tax earnings increased 36 percent to $45.4 Holdings International (CHI) at the end of 2007, we million, versus $33.3 million for 2007. For the full were informed that our principal customer, DHL, year, our revenues were up 37 percent to $1.6 intended to dramatically restructure its U.S. operations. billion. This growth can be attributed primarily to DHL’s decision in May 2008 to pursue an air transport our CHI businesses, which contributed revenue of and sorting agreement for domestic freight with its $352.7 million for the year. Likewise, cash fl ows competitor UPS came as a tremendous shock. generated from operations increased to $161.7 million in 2008, up from $95.5 million in 2007. Just as disappointing, however, was DHL’s decision last November to suspend its domestic services in favor of handling only inbound and Operating Cash Flow 2004-2008 outbound international shipments for its global customers. Those decisions, together with the U.S. economic recession, have substantially $162M reduced the scale of our operations for DHL. $119M They also have cost us the valued contributions of thousands of men and women who had served us, and DHL, very well over the years. Wilmington, the southwest Ohio community where we are $96M based, has experienced severe economic distress. We are doing our best to remain a supportive $55M $65M corporate citizen in Wilmington, and have funded and taken an active role in many groups seeking long-term solutions to the region’s diffi culties.
    [Show full text]
  • NACC Contact List July 2015 Update
    ID POC Name POC Email Office Cell Filer Other Comments ABS Jets (Czech Republic) ABS Michal Pazourek (Chf Disp) [email protected] +420 220 111 388 + 420 602 205 (LKPRABPX & LKPRABY) [email protected] 852 ABX Air ABX Alain Terzakis [email protected] 937-366-2464 937-655-0703 (800) 736-3973 x62450 KILNABXD Ron Spanbauer [email protected] 937-366-2435 (937) 366-2450 24hr. AeroMexico AMX Raul Aguirre (FPF) [email protected] 011 (5255) 9132-5500 (281) 233-3406 Files thru HP/EDS Air Berlin BER Recep Bayindir [email protected] 49-30-3434-3705 EDDTBERA [email protected] AirBridgeCargo Airlines ABW Dmitry Levushkin [email protected] Chief Flight Dispatcher 7 8422 590370 Also see Volga-Dnepr Airlines Volga-Dnepr Airlines 7 8422 590067 (VDA) Air Canada ACA Richard Steele (Mgr Flt Supt) [email protected] 905 861 7572 647 328-3895 905 861 7528 CYYZACAW thru LIDO Rod Stone [email protected] 905 861 7570 Air China CCA Weston Li (Mgr. American Ops) [email protected] 604-233-1682 778-883-3315 Zhang Yuenian [email protected] Air Europa AEA Bernardo Salleras [email protected] Flight Ops [email protected] 34 971 178 281 (Ops Mgr) Air France AFR Thierry Vuillaume Thierry Vuillaume <[email protected]> +33 (0)1 41 56 78 65 LFPGAFRN Air India AIC Puneet Kataria [email protected] 718-632-0125 917-9811807 + 91-22-66858028 KJFKAICO [email protected] 718-632-0162direct Use SABRE for flights Files thru HP/EDS arriving/departing USA Air New Zealand
    [Show full text]
  • ATSG RECEIVES NASDAQ DEFICIENCY NOTICEATSG REPORTS SECOND QUARTER RESULTS WILMINGTON, Ohio - August 11, 2008 - Air Transport Services Group, Inc
    ATSG RECEIVES NASDAQ DEFICIENCY NOTICEATSG REPORTS SECOND QUARTER RESULTS WILMINGTON, Ohio - August 11, 2008 - Air Transport Services Group, Inc. (NASDAQ:ATSG), a diversified family ofair cargo businesses, today reported a 40 percent increase in second quarter revenues, and a loss for the quarter,principally due to certain unreimbursed overhead expenses as a result of the recent arbitration ruling. ATSG’s revenues were $394.9 million for the second quarter of 2008, compared with $281.3 million in the secondquarter of 2007, an increase of $113.6 million. Revenues from the businesses of Cargo Holdings International Inc.(CHI), which were acquired at the end of 2007, were the principal source of second quarter revenue growth. Theycontributed $89 million, or 78 percent of that growth, compared with $75.4 million, or 80 percent of the year-over-yearincrease in ATSG’s first-quarter revenues. ABX Air’s revenues from its commercial agreements with DHL increased 8 percent, including revenues from fuel andother costs reimbursed without markup. Second-quarter DHL revenues from expenses subject to markup decreased11 percent, as ABX Air operated fewer aircraft and managed fewer facilities for DHL than a year ago. ATSG operated at slightly below breakeven for the quarter, with a net loss of $526,000, or $0.01 per common share,for the quarter ended June 30, 2008. That compares with net income of $4.5 million, or $0.08 per share, for thesecond quarter of 2007. The loss stemmed in part from the effect of an otherwise favorable arbitration ruling in July,which held that ABX Air was not entitled to reimbursement from DHL for $2.5 million in non-recurring expensesrelated to Board review a year ago of an indication of interest from ASTAR Air Cargo Holdings, LLC, and that generaloverhead expenses previously reimbursed in full by DHL became subject to allocation effective January 1, 2008.
    [Show full text]
  • 1 United States of America
    UNITED STATES OF AMERICA BEFORE THE NATIONAL MEDIATION BOARD ) ) In re ABX Air, Inc. and ) Air Transport Int’l, Inc. ) NMB Case No. CR-7157 ) ) SUPPLEMENTAL POSITION STATEMENT OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS This case presents the National Mediation Board with a unique corporate structure, one not found in prior air carrier single transportation system cases, in which a parent holding company has exercised its complete control over the corporate structure and operations of its affiliates to break out the core functions otherwise found in a single air carrier into a network of integrated subsidiaries. As will be discussed, ATSG has morphed into a highly integrated enterprise consisting of several subsidiaries and divisions working together to perform specific functions that previously had been performed directly by ABX Air and ATI. In this regard, ATSG removed from ABX Air core functions of fleet and fleet management, maintenance, marketing, flight following and logistics, and restructured those functions into other wholly-owned subsidiaries. Similarly, ATSG merged two of its air carrier subsidiaries, Air Transport International and Capital Cargo, Inc.., into a single air carrier -- the surviving ATI. ABX and ATI operate together with the other ATSG subsidiaries to service ATSG’s principal customers DHL Worldwide and Amazon. The subsidiaries act in an integrated fashion to perform the air services negotiated and structured by ATSG. ABX and ATI exchange aircraft and provide subservice to one another, for example, so that neither is required to engage a 1 third party for those services. Neither maintains a fleet. ATSG aircraft leasing subsidiary CAM owns their aircraft.
    [Show full text]
  • Preferential Bidding Systems Should Women Travel Solo?
    November 2016 Aero Crew News Your Source for Pilot Hiring Information and More... Contract Talks Travel is my Religion™ Preferential Bidding Systems Should Women Travel Solo? The Hidden Dangers of Personal Electronic Devises Safety Matters Aviator Bulletins TA Approved by DAL-MEC, Several Programs for Future Airline Pilots and bonus pay! Fitness Corner Essential Supplements Exclusive Hiring Briefing We’re proud to support the career progression of the 589 pilots who moved to the majors last year, and we’re also proud to be the best airline for those who choose to make ExpressJet their career. The proof is in the numbers. If you want to fly for a major airline one day, make the smart choice for your future and fly for the regional with more pilots hired by the majors than any other. expressjet.com /expressjetpilotrecruiting @expressjet @expressjetpilots SKY HIGH PAY. FLOW TO AA. There’s never been a better time to join the largest provider of regional service for American Airlines. • $20,000 sign-on bonus • $58,000 first year pay ($37.90/hour) • $20,000 retention bonus • Convenient bases in Chicago (ORD) and Dallas/Fort Worth (DFW) • Free personal travel on the world’s largest network Find out more on envoyair.com www.envoyair.com | [email protected] | +1 972-374-5607 November 2016 C o n t e n t s Sections Airlines in the Grid Aviator Bulletins 6 Latest Industry News Updated Legacy FedEx Express Travel is my Religion™ 14 Alaska Airlines Kalitta Air FA American Airlines UPS Should Women Travel Solo? Delta Air Lines Hawaiian Airlines
    [Show full text]
  • Council Communication No. 08-432 Page 2 of 3
    Date July 28, 2008 Council Agenda Item No. 48 Communication Roll Call No. 08- Communication No. 08-432 Office of the City Manager Submitted by: Craig Smith, Aviation Director AGENDA HEADING: Public Hearing for approving amendments to the current operating agreements with ABX Air Inc., Allegiant Air, LLC, American Eagle Airlines, Inc., Comair Inc., ExpressJet Airlines, Inc. (operating as "Continental Express"), Midwest Airlines, Inc., Northwest Airlines, Inc., United Parcel Service Co., and United Air Lines, Inc. extending their signatory status regarding operations at the Des Moines International Airport until September 30, 2008. SYNOPSIS: Recommend approval of a three-month extension to long-term airline operating agreements with nine airlines currently providing scheduled service at the Des Moines International Airport. FISCAL IMPACT: NONE Amount: $11,394,959 (expected revenue) The proposed Amendments continue the established rates and charges formula as outlined in the Signatory Agreements and as adjusted through the Des Moines International Airport Regulations. Aviation Department Operating and Capital Improvement Plan Budgets have been developed and approved based on the established rates and charges. For FY2009, expected revenue from the Signatory Airlines is expected to total $11,394,959, which amounts to 44.2% of Aviation Department revenue. Funding Source: N/A ADDITIONAL INFORMATION: The current "Scheduled Airline Operating Agreement and Terminal Lease" and "Cargo Airline Operating Agreements" (together referred to as the "Signatory Agreements") are scheduled to expire June 30, 2008. For the past 18 months, Aviation Department Staff has worked diligently with the incumbent carriers and has reached agreement on all terms of a new form of Signatory Council Communication No.
    [Show full text]