ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ATSG Subsidiary PEMCO Delivers Second Boeing 737-700 FlexCombi™

Air Transport Services Group, Inc. (NASDAQ: ATSG) subsidiary PEMCO Conversions has delivered a second Passenger-to-FlexCombi™ converted aircraft to Bahrain-based Chisholm Enterprises, an internationally recognized provider of tailored aviation and business solutions in the Middle East. Chisholm subsidiary Texel Air, a non-scheduled cargo airline, will operate the Boeing 737-700FC (FlexCombi™) from Bahrain International Airport.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210901005977/en/

The second Boeing 737-700 FlexCombi™ arrived in Bahrain on August 29, 2021. (Photo: Business Wire)

The second Boeing 737-700 FlexCombi™ arrived in Bahrain on August 29, 2021. (Photo: Business Wire)

“We have shared a very successful history with PEMCO Conversions,” said John Chisholm, chairman and owner of Chisholm Enterprises, “having received and deployed the first B737-700 FlexCombi™ in August 2020, as well as four previous B737-300 converted freighters.”

The PEMCO B737-700FC currently offers three configurations: a 24-seat cabin plus a 2,640-cubic-foot cargo hold for up to 30,000 pounds of payload in six pallet positions; a 12-seat cabin plus a 3,005-cubic-foot cargo hold for up to 35,000 pounds of payload in seven pallet positions; or full-freighter mode consisting of a 3,370-cubic-foot cargo hold for up to 40,000 pounds of payload in eight pallet positions. The available positions will accommodate 88-inch by 125-inch or 88-inch by 108-inch pallets, with the eighth position accommodating a slightly reduced height pallet in full cargo mode.

The Chisholm aircraft include enhancements to increase operational flexibility including head-up displays (HUD), enhanced vision systems (EVS), medevac capability, and emergency vision assurance systems (EVAS).

“The FlexCombi’s range is ideal for supporting Texel Air’s operation with up to six-hour non-stop routes,” said Mike Andrews, director of conversion programs for PEMCO. “We are proud that Chisholm Enterprises continues to trust PEMCO to deliver a high-quality conversion that incorporates a customer-focused design supported by long-term operational reliability.”

PEMCO is the global leader in narrow-body passenger-to-freighter aircraft conversions, having developed over 70 FAA-approved aircraft modifications and modified over 350 aircraft. PEMCO’s 60-plus customers select the company’s passenger-to-freighter conversions for their superior cargo door and loading systems, superior operating functions, on-time turnaround, and PEMCO’s track record of 2 million hours of safe, reliable operation.

About PEMCO Conversions

PEMCO Conversions, a division of Pemco World Air Services, Inc. serves customers from airlines to private aircraft operators. It has developed over 70 STCs, modified over 350 aircraft, and has conversion partnerships in China, Costa Rica and Canada. PEMCO is the global leader in narrow-body passenger-to-freighter aircraft conversions. Pemco World Air Services, Inc. and Airborne Maintenance and Engineering Services, Inc., wholly-owned subsidiaries of Air Transport Services Group, Inc. (NASDAQ: ATSG) and separately certified repair stations, offer 320,000 sq. ft. of hangar space in Tampa, Florida and 315,000 sq. ft. of hangar space in Wilmington, Ohio, providing a range of services to the aviation sector including heavy maintenance, line maintenance, cargo conversions, engineering services, material sales and manufacturing. For more information, please visit pemcoair.com or airbornemx.com.

About Air Transport Services Group

ATSG is a leading provider of aircraft leasing and cargo and passenger air transportation and related services to domestic and foreign air carriers and other companies that outsource their cargo and passenger airlift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

Contacts

Quint O. Turner

ATSG Inc. Chief Financial Officer

937-382-5591

Recent Quotes

View More
Symbol Price Change (%)
AMZN  246.47
-0.91 (-0.37%)
AAPL  260.25
+0.88 (0.34%)
AMD  207.69
+4.52 (2.22%)
BAC  55.19
-0.66 (-1.18%)
GOOG  332.73
+3.59 (1.09%)
META  641.97
-11.09 (-1.70%)
MSFT  477.18
-2.10 (-0.44%)
NVDA  184.94
+0.08 (0.04%)
ORCL  204.68
+6.16 (3.10%)
TSLA  448.96
+3.95 (0.89%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.