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North American Newsletter 3 November

North American Newsletter 3 November

ATSG Reports Continued Growth in Third Quarter

ATSG announced third quarter 2020 results, as compared with the third quarter of 2019, include Customer revenues up 10% or $38.1 million, to $404.1 million. ATSG’s principal business segments, aircraft leasing and air transport, increased revenues by seven percent and 10%, respectively, before eliminations. Revenues from other businesses decreased 6% on the same basis. Rich Corrado, president and chief executive officer of ATSG, said, “In the third quarter, ATSG’s businesses continued to deliver better than expected results, aided by a quarterly record seven deployments of 767 freighter aircraft to its aircraft leasing customers, and by seizing opportunities for charter and cargo ACMI operations to supplement the capacity of our customers. These opportunities helped to offset pandemic-driven year-over-year declines in commercial passenger and Boeing 757 combi operations at two of our airlines. We will achieve our goal of delivering a record twelve 767-300 freighters in 2020 to external customers, including four in the fourth quarter, while also re-leasing three 767-200s to customers in Kenya, Malaysia and Mexico.”

GA Telesis Engine Services Appoints Randy Harker as Sales Director – Americas

GA Telesis Engine Services announced the appointment of Randy Harker as Sales Director Americas. As part of the company’s Turbine Vision 2020 strategy, GATES is stepping up its global presences with both talent and strategic operations.

Global Crossing Airlines Signs Maintenance Support Agreement with U.S.-based Spirit Airlines

Global Crossing Airlines Inc. has signed an initial agreement with Spirit Airlines that operates A320 family aircraft (including the new A320neo) and serves destinations across the U.S., Latin America and the Caribbean. Spirit will provide on-call and line maintenance for GlobalX, including daily and weekly checks, in support of the GlobalX fleet of A320 and A321 aircraft. The contract will commence in December when GlobalX expects to take delivery of its first A320 and A321 aircraft.

JetBlue Announces New December 11 Launch Date for Service to Georgetown, Guyana

JetBlue announced a revised launch timeline for new nonstop service between New York’s John F. Kennedy International Airport (JFK) and Georgetown, Guyana’s Cheddi Jagan International Airport (GEO). Flights will initially operate up to four times weekly on JetBlue’s new Airbus A321neo aircraft beginning 11th December.

Kalitta Air to be Launch Operator of The Big Twin with Agreement to Lease Three 777-300ERSF from GECAS Cargo

GECAS Cargo announced an agreement with Kalitta Air for three 777-300ERSF aircraft. With this agreement, Kalitta will be the first operator of the new passenger-to-freighter type, adding to their already sizable all-cargo fleet when these aircraft deliver in 2023. “We are delighted to continue our 15-year relationship with Kalitta Air and proud they’ve become the launch customer with the 777-300ERSF freighter for its future air cargo operations,” said Rich Greener, SVP and Manager Cargo of GECAS, adding “The 777-300ERSF shares extensive commonality with the production 777-200LRF. That’s a benefit to any operator looking to bring a new type into their fleet.”

Mesa Air Group Enters Into a $200 Million Secured Loan Facility Under CARES Act

Mesa Air Group announced that it has entered into a five-year Loan and Guarantee Agreement on October 30, 2020, with the U.S. Treasury Department which provides Mesa Airlines with a secured term loan facility to borrow up to $200 million under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

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