The Air Transport Services Group (ATSG) continued its strategy of diversification with the acquisition, through its Airborne Maintenance and Engineering Services, Inc. (AMES) subsidiary, of PEMCO World Air Services, Inc. (PEMCO), a Tampa-based maintenance, repair and overhaul (MRO) company.
\nATSG plans to concentrate its heavy maintenance and modifications in multiple locations, including Wilmington and Tampa, while continuing PEMCO\u2019s conversion activity in Tampa, Central America and Asia.
\nIn addition to its MRO work, PEMCO does brisk business doing 737-300 passenger-to-freighter conversions for carriers in China. PEMCO-converted aircraft make up more than 70 percent of China-based 737-300F and -400F fleets in service. The company has redelivered more than 50 freighter-converted 737-300Fs and 737-400Fs to Chinese operators since 2006, and redelivered the first 737-300F aircraft in China.
\nATSG President and CEO Joe Hete said that the acquisition \u201cwill expand access to maintenance service for customers of ATSG\u2019s expanding fleet of Boeing 767 cargo aircraft. It is consistent with our goal to diversify ATSG\u2019s revenue and earnings, for an investment in the same price range as our planned and completed stakes in cargo airlines in China and Europe. The combination of PEMCO\u2019s conversion and MRO sales of both Airbus and Boeing products with AMES\u2019 existing offerings will create a sustained, growth-oriented aircraft maintenance product and services portfolio.\u201d
\nHete added that, based on ATSG\u2019s current estimates and outlook, the PEMCO acquisition is expected to be accretive to ATSG\u2019s earnings starting in 2017.
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
The Air Transport Services Group (ATSG) continued its strategy of diversification with the acquisition, through its Airborne Maintenance and Engineering Services, Inc. (AMES) subsidiary, of PEMCO World Air Services, Inc. (PEMCO), a Tampa-based maintenance, repair and overhaul (MRO) company. ATSG plans to concentrate its heavy maintenance and modifications in multiple locations, including Wilmington and Tampa,[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2091","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=2091"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}