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ATSG buys 3 B767s from Qantas
The Enquirer • June 21, 2010

Air Transport Service Group Inc. said Monday it has committed to buy three Boeing 767-300 extended range jets from Qantas Airways Ltd, executing on a letter of intent announced in May.
The Wilmington, Ohio-based air transport services company said it expects to take delivery on the three GE-power jets, with a payload of 120,000 pounds, by this fall. ATSG didn't disclose the purchase price, but said similar 767-300 extended range freighters are valued from $28.5 to $31.5 million.

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

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

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