Air Transport Services Group offers air freight and air cargo services to the logistics industry. Its business model is to lease aircraft and use them to cater to air carriers and companies that outsource their air cargo needs. Air Transport Services Group is the largest owner and operator of the Boeing 767. The growth in e-commerce and global trade bodes well for the long-term prospects of the company. If you are on the lookout for freight and logistics stocks to buy now, then you might want to keep an eye on Air Transport Services Group. The company is hired by Amazon as a contractor to fly some of its Amazon Air planes. Amazon has a fleet of about 75 aircraft that it uses to expand its delivery network and speed up logistics from warehouses to customers. Growth in the e-commerce sector acts as a tailwind for Air Transport Services Group Inc.
A Little Bit About Air Transport Services Group
Air Transport Services Group is an aviation holding company based out of the US. It is also the largest lessor of converted Boeing 767 aircraft in the world. Such aircraft are converted to serve for freight and cargo operations. Air Transport Services Group provides leasing services, charter services, and passenger ACMI services along with its freight operations. In 2016, Air Transport Services Group announced a partnership with Amazon to lease 20 of its aircraft to the e-commerce major. The deal also gave Amazon the option of buying between 9.99% and 19.9% of Air Transport Services Group’s common shares. Amazon exercised that option in May 2021. If you are looking to invest in logistics stocks now, then Air Transport Services Group looks to be an attractive option given its size and its partnership with Amazon.
Freight And Logistics Stocks To Buy Now
Last year in December 2020, Forbes named Air Transport Services Group as one of the Forbes Best Small Companies for the year 2020. The passenger and charter flight subsidiary of Air Transport Services Group is called Omni Air International. The current CEO of the company, as of October 2021, is Rich Corrado.
