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18th JULY 2016  
 
Chapman Freeborn Airchartering is pleased to announce the sale of its specialist centralised load control subsidiary Air Dispatch CLC to dnata, one of the world's largest air services providers.
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Jul 13, 2016

Founded in 2007, Air Dispatch has successfully grown into a global market leader for centralised load control (CLC) planning services, calculating the weight and balance conditions for aircraft prior to flight. Its other services include ULD (unit load device) asset tracking and the development of flight optimisation software.

The company currently has 200 employees at its operations centres in Prague and Warsaw. Its client portfolio includes Air Berlin, Cathay Pacific, Finnair, LOT, SAS, Qantas and Qatar Airways amongst others.

Russi Batliwala, CEO of Chapman Freeborn, said: “Chapman Freeborn is extremely proud to have been associated with Air Dispatch CLC and grown it as a company. It is a great example of the innovation and entrepreneurial spirit that our group prides itself on.

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“We would like to thank its managing director Nick Yeadon and his colleagues in Prague and Warsaw for their contributions in turning this company into such a success story. We believe dnata is a great home for our business and our people.”

He added: “As Air Dispatch continues to rapidly expand and acquire new airline clients, it became increasingly apparent that this highly niche aviation sector was stand-alone from the rest of our global businesses.

“The sale further strengthens our excellent financial standing and allows us to increase our management focus on growing Chapman Freeborn’s core products – both organically and through actively targetting new strategic acquisitions.”


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IATA: Latest financial results continue to indicate a robust Q1 2016 for industry profitability - Airlines Financial Monitor
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Released 11th July 2016

Key points from our full report on airline financial performance in May-June:

• The latest financial results continue to point to a robust Q1 2016 for industry profitability. Cash flow metrics from the first quarter also improved relative to the same period a year ago, despite higher capital investment;

• Nonetheless, uncertainty following the ‘Brexit’ vote has taken a heavy toll on airline shares, particularly in Europe;

• Brent crude oil ended June slightly below $50/bbl and broadly unchanged from where it started the month. The market still expects prices to remain reasonably low for the foreseeable future ($60/bbl for the next three years);

• Yields have fallen by around 6% year-on-year in constant exchange rate terms in 2016 so far. But with oil prices up more than 80% since January, the downward influence on yields from lower oil prices is likely to wane;

• Premium airfares have held up better than their economy counterparts on many of the key premium routes so far this year, and the segment continues to offer an important buffer for overall airline financial performance;

• The global air passenger market has made a robust start to 2016 this year to date, although demand conditions have eased in recent months and annual growth in traffic remained unchanged at a 16-month low of 4.6% in May;

• With the wider global trade backdrop remaining weak, annual growth in freight volumes dropped to 0.9% in May. Rising freight capacity and low freight loads are keeping intense pressure on cargo yields and revenues

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IATA: Robust air passenger growth in 2016 so far, but ongoing signs of moderation - Air Passenger Market Analysis
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Released 7th July 2016

Key points from our full report on air freight markets in May:

• The global passenger market has made a robust start to 2016, growing in line with its 10-year average.
• but there are ongoing signs that passenger growth is shifting down a gear.
• The domestic India market remains the star performer, with volumes up more than 23% this year to date.
• The industry appears to have stabilized the recent easing in the (seasonally adjusted) load factor.

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GDP third-in-a-row for Hactl
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Hong Kong, 5 July 2016

Hactl has successfully completed its WHO Good Distribution Practices (GDP) audit, with no non-compliances or observations. It is the third successive year in which Hactl has passed the audit with a perfect score.

Hactl was the first cargo handler in Hong Kong to attain WHO GDP accreditation; the initial and subsequent audits have been conducted by leading independent global standards auditor SGS.

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SGS independent auditors (front and rear) examining GDP documentation, and interviewing a Hactl staff.

The WHO GDP audit once again included exhaustive examination of Hactl’s staff competence, premises, equipment, processes, quality control system and hygiene standards. It confirmed that Hactl’s entire cold chain management system continues to conform to its specified standards and those of the relevant GDP legislation and guidelines, and that the company continues to adhere to its stated policies, objectives and procedures.

Says Hactl Manager – Quality Assurance, Benny Siu: “To drive continuous improvement in pharma products handling at Hactl, we have not only complied with the WHO GDP standard, but have also built IATA Temperature Control Regulations (TCR) recommendations, the most stringent requirements of our customer airlines and industry best practice into every area of our processes.”

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Auditors performing physical inspections to verify that Hactl’s pharmaceutical shipment handling
complies with the WHO GDP Standard.

Hactl’s GDP accreditation is based on its revolutionary “Golden Route” concept: a combination of specialised equipment and resources (such as thermal dollies) and expedited processes, that provide a constant temperature, highest-priority service for pharma shipments. For imports, this enables Hactl to minimise the time taken from aircraft unloading to storage in temperature-controlled facilities, or hand-out to customers. For exports, the Golden Route also ensures pharma shipments are received, processed and loaded in the minimum time.

Concludes Siu: “We welcome the growing logistics market for pharmaceutical products, and the evolving standards that accompany it. Hactl is passionate about its pursuit of perfection in cold chain management, and will continue to push for ever-higher standards.”



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NEW APP LAUNCHED BY WIN GIVES INDEPENDENT FORWARDERS A MOBILE EDGE
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Worldwide Information Network (WIN) customers can boost efficiency with WIN Mobile and own-brand a version of the app to provide secure shipment visibility to their end-customers

Bangkok, Thailand, Tuesday, 5th July 2016

WIN has launched a new mobile application platform to give independent forwarders a mobile edge.

The app features real-time track and trace, an interactive agent directory, instant messaging, route checking, and shipment status tools allowing users to track and update status on any shipment including proofs of delivery or pictures of damaged cargo.

A version of WIN Mobile branded for individual freight forwarders to distribute to their end-customers is also available.

“Forwarders already using WIN to work electronically with partners and carriers now can now multiply the value of the information exchanged in WIN, and securely provide shipment visibility their own customers,” said John DeBenedette, Managing Director, WIN.

“WIN is all about giving independent freight forwarders an edge. Now we have extended this to the mobile frontier.”

"The WIN Mobile app has been never let me down and is always a reliable source when I am looking for information on agents or tracking my shipments,” said Pierluigi Muzzulini, MIS Manager, G.J. Freight Support Services, South Africa.

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“Having the app on my phone makes it convenient and easily accessible from anywhere at any time."

Craig Chapman, Air Export Manager of ATM Transports SA, Switzerland said it was refreshing to have the possibility to check flight schedules and tracking facilities “under one roof”.

“The phone application is particularly well made and very helpful while out of the office or while discussing certain shipment details in meetings with clients," he said.



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SmartKargo implements Cargo ERP Solution for Mexico-City based Volaris Airlines
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Cloud-based End-to-End Solution Deployed in 27 Days

Mexico City, Mexico | Cambridge, Massachusetts, USA | July 5, 2016

SmartKargo, the world’s most advanced air cargo management solution, now powers the air cargo operations of Mexico City-based Volaris, Mexico’s second largest airline. Volaris will provide cargo service from 22 U.S. markets to destinations throughout Mexico and Central America, and is SmartKargo’s Latin American customer. The system ‘go live’ for Volaris Airlines was deployed in a record 27 days.

The SmartKargo platform, an advanced Cloud-based air cargo management solution, delivers a range of benefits for users, featuring a one-screen booking interface; highly-flexible pricing and ratemaking to increase cargo sales; ease-of-use for quick completion of all tasks; and 24/7 call support from trained SmartKargo experts through three global call centers.

Holger Blankenstein, Chief Commercial Officer, Volaris, said: “Our new air cargo system will possess state-of-the-art functionality for mobility with instant visibility of shipment information for our customers. At the same time, the system will provide Volaris with instant business intelligence to help us grow our business and serve customers better. The system is flexible and easily scalable, providing easy integration with future technologies.”

Milind Tavshikar, CEO at SmartKargo said: “SmartKargo’s cloud-based solution is ideal for an airline such as Volaris who needed a quick implementation to capture the system’s many benefits, without a large investment in infrastructure. Since our Cargo ERP system is based upon the Microsoft Azure global cloud infrastructure, every partner in the Volaris Airlines cargo chain will have instant access to shipment information, mobility via any smartphone, tablet or other device and instant business intelligence for decision support.”

Jay Shelat, EVP Sales and Marketing, SmartKargo said: “We are very pleased that Volaris Airlines has chosen SmartKargo to drive its cargo business. Volaris joins Hawaiian Airlines, Norwegian, and eight other forward-thinking airlines that clearly understand that a future-ready cargo management solution is the only way to meet the challenges of a rapidly-evolving logistics sector. These airlines and other companies in the cargo ecosystem benefit from what we deliver: Improved revenues and better customer service; greater efficiency and more flexibility to scale the business, and instant information for better decisions.”


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Kale Logistics announces formal Go Live of India’s first Container Digital Exchange- CODEX at V.O.C Port-Tuticorin
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Kale Logistics Solutions along with V.O. Chidamabaranar (Tuticorin) Port Trust & Tuticorin CFS association announced the formal Go Live of CODEX – India’s First Container Digital Exchange scheduled for July 1, 2016. The CODEX platform has successfully processed 42000+ Containers during the Pilot phase, thereby eliminating all sets of documents accompanying a Container movement at the Port.

Tuticorin, July 1, 2016:

Kale Logistics Solutions which developed India’s first Container Digital Exchange- CODEX announced the formal Go Live of the platform at the end of 3 months of successful pilot run and onboarding of all stakeholders. The formal Go Live was executed by the Honorable Chief Commissioner of Customs-Chennai- Shri Pranab Kumar Das; Chairman, VOC Port Trust- Shri S.Anantha Chandra Bose and Commissioner of Customs- Tuticorin- Shri K.C Johny in a brief ceremony at Tuticorin on June 30th in the presence of all Port stakeholders.



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Envirotainer and CHEP Aerospace Solutions strengthen their partnership
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30 June 2016

Envirotainer, the world leader in secure cold chain solutions, and CHEP Aerospace Solutions, the leading global provider of Unit Load Device (ULD) management and repair services, have extended their successful partnership for a further three years.

CHEP provides repair, handling, transportation and storage services for Envirotainer's fleet of containers across 21 global service centres, just part of the world's largest repair network. These service centres are approved to issue certificates of release to service both under the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). It is a dual certification that has been made possible by the strong working partnership between CHEP and Envirotainer, which will be further expanded in the future to support Envirotainer's growing fleet, and enable them to serve even more customers at key airports.

Envirotainer CEO, Simon Angeldorff, said: "Envirotainer's partnership with CHEP helps us meet the needs of our customers in terms of reliability and availability, which are key factors to success in the pharmaceutical supply chain. CHEP's repair excellence, IT capabilities and global network play an important part in enabling us to strengthen our leading position in the market. Our companies also share the same business values and invest in developing and offering innovative solutions, such as container tracking devices, to our respective customers. We look forward to continuing our partnership with CHEP."

CHEP Aerospace Solutions President, Dr. Ludwig Bertsch, said: "Envirotainer's containers belong to the high-end part of the ULD sector and require specific repair expertise at consistent high quality which CHEP ensures by investing in continuous training and process development at all our repair centres. Our partnership with Envirotainer provides benefits for both companies and goes beyond the scope of a typical cooperation, for which the significant support given by Envirotainer to achieve the dual FAA and EASA certification of our repair stations is a great example. We are pleased to have extended our agreement with Envirotainer and look forward to a successful future together."


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CLAUDIO ONOFRIO APPOINTED VP BUSINESS DEVELOPMENT FOR MALLORY ALEXANDER
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Onforio has three decades of experience in the transport industry and will help manage the company’s global growth program

Memphis, Tennessee, USA, Thursday, 30th June 2016

Claudio Onofrio has been appointed Vice President of Global Business Development for supply chain specialist Mallory Alexander International Logistics.

Based in Dallas, Texas, Onofrio will oversee business development opportunities across the globe, with an initial focus on the southern US states and Texas in particular, as well as markets in southern Europe, including Italy.

“I am looking forward to putting my experience and energy to work for Mallory at this exciting time for the company,” said Onofrio.

“We continue to strengthen our presence in Texas, which represents an important growth market for us, and I will be focused on building on our success there and beyond.”

Onofrio has almost 30 years’ experience in the logistics industry, including senior sales and marketing roles at previous employers.

Mallory Alexander recently opened a new office in Houston, Texas, its third location in the state, to help serve the growing number of companies using the Port of Houston.

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The supply chain provider is also looking to expand its operations, and recently opened an office in Shanghai, China, after being granted a Class A Business License by the Chinese government.

“As a fifth generation logistics provider, we are committed to strengthening our business with experienced professionals as we continue to expand,” said Tinamarie Newman, Chief Operating Officer (COO), Mallory Alexander.

“He is a critical addition to our management team; Claudio has the needed operations background as well as the creative ingenuity that will foster growth in the next phase of our development program.”

Memphis, Tennessee-based Mallory Alexander has more than 500 employees and operations throughout the USA, as well as branches in Hong Kong, Mexico, and Shenzhen and Shanghai in China.

The firm offers services in Customs brokerage, domestic and international freight forwarding, NVOCC, warehousing, Foreign Trade Zone operations, and consulting.


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DHL Delivers Black Rhino Eliska to Africa
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Female Eastern black rhino Eliska transported from Czech Republic to Tanzanian sanctuary as part of conservation project
DHL provides dedicated Boeing 757-200 freighter to ensure maximum comfort and minimal travel time

CAPE TOWN, South Africa, June 29, 2016

DHL (www.dpDHL.com), the world’s leading international express delivery provider, has completed another landmark transportation project with the delivery of a black rhino from its birthplace in the Czech Republic to its natural homeland in Tanzania. Three-year-old female Eliska was moved to a natural park in Tanzania as part of an ongoing conservation project run by the George Adamson Wildlife Preservation Trust, aimed at helping endangered animal populations to grow and prosper in their natural habitat.

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“The delivery of Eliska to Tanzania continues a proud tradition at DHL Express of supporting international animal conservation efforts,” said Ken Allen, CEO, DHL Express. “We were very excited to have the opportunity to transport this beautiful animal home to Africa and to play our part in these critical efforts to help revive endangered Eastern black rhino populations. Complex projects like this, where failure is simply not an option, also allow us to showcase the power of the DHL global network and the expertise of our certified international specialists.”

Eliska’s move was overseen by an international DHL team, comprising around 40 specialists inareas ranging from ground transportation and aviation tocustoms clearance and certification across more than five countries. The 900 kilogram female was transferred from ZOO Dvur Kralove in the Czech Republic, where she was born in 2012, tothe main DHL European Hub in Leipzig, Germany. She was then loaded on to a dedicated 28-ton Boeing 757-200 freighter, specially modified for animal transport, and flown more than 6,500 kilometers directly to Kilimanjaro Airport in Tanzania, from where she was transferred by truck to her new home. Along the way, she was accompanied and monitored by a team of support staff, including Dr. Pete Morkel, one of the world’s leading black rhino veterinarians. Five containers of food and water supplies were also loaded for the journey.

“We were delighted that DHL was able to support us with this project, as we were only prepared to entrust Eliska to partners who could absolutely guarantee a safe and seamless move,” said Tony Fitzjohn OBE, Field Director, The George Adamson Wildlife Preservation Trust. “Having the support of anexperienced team of international transport specialists allowed us to focus without any distraction on the comfort and well-being of Eliska and to ensure that she had the best possible introduction to her new life in Africa.”

Eastern black rhinos are one of the most endangered mammal groups, with large-scale poaching in the late 20th century leading to a significant decline in black rhino populations in Africa. There are estimated to be about 800 in the world today. ZOO Dvur Kralove, where Eliska was born, has a strong record of breeding Eastern black rhinos, with 43 calves of the species born to date.

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“Eliska’s departure is a bitter-sweet moment for ZOO Dvur Kralove. We are sorry to say goodbye to one of our much-loved animals, but at the same time, we are extremely gratified to have played a part in this important conservation project and excited to see how she adapts to her natural habitat,” said Přemysl Rabas, Statutory Director of ZOO Dvur Kralove. “The build-up to her move to Tanzania has involved years of careful preparation, and we are sure that – with DHL – sheis in the right hands for the journey.”

DHL has supported a number of major conservation projects in recent years, including the delivery of three black rhinos from the U.K. to Tanzania in 2012 and the delivery of two rare Sumatran tigers from Australia and the U.S. to London Zoo in the same year as part of a breeding program. A 2013 project to transfer two giant pandas from China to a Belgian sanctuary resulted in the ‘perfect delivery’ in June 2016, when the female gave birth to a panda cub.

Hennie Heymans, CEO, DHL Express Sub Saharan Africa adds, “As facilitators of global trade, it’s fantastic that we can use our logistics expertise for such an important conservation project, and we trust that Eliska will flourish in her new home in Africa.”


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Çelebi Ground Handling News : Air Canada/Çelebi Hungary; / Singapore
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Mon, Jun 27, 2016

Çelebi Hungary Team's service to Air Canada's first flight
We are pleased to inform that Çelebi Ground Handling Hungary Team handled first flight of Air Canada on 11.6.2016. 3 weekly flights in summer season will be handled by the team.
Congratulating them, we wish success in their operations.

ÇelebiNas services to Singapore Airlines! ÇelebiNas –
Mumbai welcomed inaugural flight of Singapore Airlines on 08 th June 2016. ÇelebiNas is providing comprehensive ground handling services for the carrier’s passenger flights. ÇelebiNas Team and the flight’s crew and Singapore Airlines’ local team gathered on this occasion at a greeting ceremony
We congratulate the ÇelebiNas Team and we widh them success in theiroperation for the carrier’s 17 Passenger flights/week

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Çelebi Delhi Cargo Terminal has been awarded the “Best Cold Chain Cargo Terminal of the Year” by FSC (Future Supply Chain Solutions Ltd) http://www.futuresupplychains.com) (FSC evaluated all the air cargo terminals in the country based on various parameters including infrastructure, quality, certifications, trained staff, existing/ future products, etc. and recognised Çelebi Delhi Cargo Terminal as the best in the country for the category. )
The award presented in “The Cold Chain Industry Awards 2016” during the 5 th Cold Chain Strategy Summit scheduled on 17 th June 2016 in Mumbai.
Congratulations to Delhi Cargo Team!

ÇelebiNas started to provide ramp handling services to FedEX!
Glad to announce that CelebiNAS has started providing ramp handling services to FedEX (Freighter flights, the carrier operates six weekly flights) effective 21st June 2016.
Çelebi team welcomed the inaugural flight greeting the arrival and departure crew with flowers. CelebiNAS Mumbai and FedEX team celebrated the occasion during a ceremony after the flight .
We wish ÇelebiNAS Team success in their operation

Çelebi Delhi Ground Handling started to provide ramp handling services to FedEX!
Glad to announce that Celebi Ground Handling Delhi has started providing ramp handling services to FedEX (Freighter flights, the carrier operates seven weekly flights) effective 21st June 2016. Çelebi team welcomed the inaugural flight crew with flowers. Çelebi Delhi and FedEX team celebrated the occasion during a ceremony after the flight . We wish Çelebi Delhi Team success in their operation

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Çelebi Delhi GH Service to Qatar Airways at Delhi airport! (take over from Cambatta)
Çelebi Delhi GH Team provided ramp handling to Qatar Airways take over from Cambatta on 23.6.2016. Çelebi Delhi GH Team will provide passenger services on 27.6.2016 as well, We wish a successful operation to the Team



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dnata wins Best Air Cargo Terminal Operator – Europe for a second year
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Dubai, 22nd June 2016

dnata continues to lead the international air cargo industry by winning the ‘Best Air Cargo Terminal Operator - Europe’ award at the 2016 Asian Freight, Logistics and Supply Chain (AFLAS) Awards held in Shanghai, for its UK division. This is the second consecutive year that dnata UK has won this prestigious award.

The awards, organised annually by Asia Cargo News, recognise leading service providers in the global cargo industry in over 40 award categories. The finalists and winners were determined by more than 15,000 readers of Asia Cargo News making the awards a reflection of customer and user opinions in the cargo industry.

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After adding eight new cargo facilities across its network in 2014, dnata continued to focus on Europe in 2015. In September, dnata expanded to the Netherlands with the acquisition of Aviapartner’s cargo operation at Amsterdam. This year, dnata has already opened three new cargo facilities: Adelaide, Australia and London Heathrow and Manchester in the United Kingdom.



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Brussels Airport voted Best Cargo Airport in the world
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June 2016

On June 15th, during a gala dinner organised by ACW in Shanghai, Brussels Airport received the Cargo Award for the Best Airport in the World. This is the 3rd time in a row we win this award and everyone at Brussels Airport and BRUcargo can be proud of this achievement.

Since a few years, the BRUcargo community continuously starts new initiatives, resulting in innovation, new facilities, new routes and new opportunities.

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We are very pleased to see that the global air cargo community recognises our efforts and awards us again for taking the lead in our industry. Sharing this moment with a significant delegation from our local cargo community made it extra special.

May we thank all partners and stakeholders for supporting us. May we also thank all people working hard every day in so many different companies. All of you made this possible. Together, we are BRUcargo !! Together, we will realise our ambitions and remain the most efficient and best air cargo gateway in the world.

From the heart of Europe: THANK YOU!!


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Emirates SkyCargo wins ‘Best Air Cargo Carrier- Middle East’ for the second year running
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SHANGHAI, China, 21st June 2016

Emirates SkyCargo, the freight division of Emirates, continues to lead the international air cargo industry by winning the ‘Best Air Cargo Carrier- Middle East’ award at the 2016 Asian Freight, Logistics and Supply Chain (AFLAS) Awards held in Shanghai. This is the second consecutive year that Emirates SkyCargo has won this prestigious award.

The awards, organised annually by Asia Cargo News, recognise leading service providers in the global cargo industry in over 40 award categories. The finalists and winners were determined by more than 15,000 readers of Asia Cargo News making the awards a reflection of customer and user opinions in the cargo industry.

Emirates SkyCargo is the largest international airline cargo operator in the world with a fleet of 250 aircraft, including 15 dedicated freighters- 13 Boeing 777-Fs and two B747-400ERFs. With an unrivalled route network, the carrier connects cargo customers to over 150 cities in 81 countries on six continents and operates in many of the world’s fastest developing markets.

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The carrier connects 23 destinations in the Far East and 19 destinations in South Asia, including some of the fastest growing air freight trade lanes between markets such as China and India to the rest of the world through Dubai. Some of the exports carried from the region include pharmaceuticals, electronics, perishables and garments.

Emirates SkyCargo provides a range of innovative protection solutions as part of its Cool Chain offerings for customers transporting temperature-sensitive cargo such as pharmaceuticals and perishables. The carrier operates the state of the art cargo terminal SkyCentral at Al Maktoum International- Dubai World Central Airport (DWC) and the Cargo Mega Terminal at Dubai International Airport (DXB).

The air cargo carrier flies to 16 destinations in the Middle East - one of the regions that continues to show robust growth in airfreight, growing by 4.5% in the period between January and April 2016 as compared to the previous year*.

Emirates SkyCargo is renowned for the highest standards of product quality in supporting business logistics – achieving customer satisfaction through innovation, flexibility and the constant refinement of service levels.

It has been a momentous year so far for Emirates SkyCargo. The cargo carrier won a number of international awards for its service including the ‘Diamond Award’ at the Air Cargo Excellence Awards 2016 in Berlin and ‘Best Cargo Airline Middle East 2016’ at the World Air Cargo Awards in London amongst others.

*June 2016, Year to Date data, Airports Council International



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ATSG to Repurchase $50 Million of its Common Shares
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WILMINGTON, OH – June 22, 2016

Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that it has agreed to repurchase $50 million of its common shares at $13.07 per share, representing approximately 3.8 million shares, from its largest shareholder, a fund affiliated with Red Mountain Capital Partners LLC. The shares purchased represent approximately 6 percent of ATSG’s outstanding shares.

The transaction was approved by the Board of Directors of ATSG after market close on June 20, with the pricing set based upon a discount to share activity through market close on that date.

The $13.07 transaction price compares with a closing price of ATSG shares of $13.28 on June 20, 2016. It is a discount of 2.5 percent and 6.2 percent, respectively, from volume-weighted average prices of $13.41 for the 10 trading days and $13.93 for the 60 trading days prior to the June 20 closing price. ATSG’s stock closed at a price of $13.17 per share yesterday.

Red Mountain is an investment management firm based in Los Angeles, Calif., with approximately $480 million in discretionary assets under management as of March 31, 2016. Its affiliated fund has been a shareholder of ATSG since 2006. It will continue to hold approximately 11 percent of ATSG shares outstanding following the transaction.

J. Christopher Teets, a partner of Red Mountain and a director of ATSG, said, “Management’s outstanding execution has caused our investment in ATSG to grow to in excess of 30 percent of our assets under management. Accordingly, we were prepared to trim our position in order to accommodate ATSG’s repurchase objectives. We look forward to continuing to work with the management team and the Board as ATSG embarks on its next phase of exciting growth."

Quint Turner, Chief Financial Officer of ATSG, said the transaction is a positive development for the company and for its shareholders. It is consistent with ATSG’s stated goal to significantly reduce the dilutive effect of warrants issued to Amazon for up to 19.9 percent of its shares in connection with new commercial arrangements.

“Like Red Mountain, many of our investors continue to share our confidence in the growth and earnings potential of ATSG and its businesses, which makes this transaction a good deal for ATSG and its shareholders,” Turner said. “We are pleased that Red Mountain continues as a major shareholder of the company, and look forward to their continued contributions as ATSG executes its strategic plans. Drawing upon our growing operating cash flow and significant balance sheet liquidity, we will continue to repurchase shares on a more moderated basis, as we also invest in our midsized freighter fleet to support our customers.”


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CAL Expands Fleet to Three B-747 Freighters
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June 15, 2016, Liege, Belgium

CAL Cargo Airlines, provider of specialized professional worldwide air cargo services, announced today that it has increased its fleet to three freighters.

"We are thrilled to announce the completion of two deals: we are introducing freighter Charlie to our fleet while keeping freighter Bravo as well,” said Offer Gilboa, owner, chairman and CEO of the CAL Group. “The three freighter fleet will support Cal’s Growth Strategy aimed at increasing our activity of scheduled and charter flights from our hub in Liege (LGG)”.

“I recently returned to the position of CEO at CAL. Together with the management team we are making sure that CAL continues to grow and is on course with our strategic plans for 2016,” continued Gilboa. “Our new online station in Atlanta has expanded our capabilities in the US, and clients can rest easy knowing that we have added capacity to service them with top notch expertise, infrastructure and equipment.”

Less than two years ago the CAL group still operated two Classic B-747-200 Freighters. A series of deals in a row have established the current fleet of three B-747 Freighters (an ERF, an F and a BCF)


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