Air Transport Services Group, Inc. (NASDAQ:ATSG) has announced that its board of directors has elected Richard F. Corrado as chief operating officer of the cargo aircraft leasing and services company, the company said.
Corrado, 57, has served since 2010 as chief commercial officer of ATSG, and president of its Cargo Aircraft Management, Inc. (CAM) and Airborne Global Solutions, Inc. (AGS) subsidiaries. As COO, he assumes responsibility for the operating units of ATSG, including its cargo airlines and aircraft maintenance businesses. He will continue to report to ATSG President & CEO Joe Hete in his new role, effective today, while maintaining his AGS responsibilities on an interim basis.
Hete credited Corrado with the way in presenting ATSG´s unmatched capabilities in midsize freighter leasing and operating services as unique solutions for rapidly growing regional express networks around the world. That includes the Amazon Prime Air network that ATSG pioneered in 2015 and supports today with twenty leased Boeing 767 freighters, crews, and maintenance and logistics services.
ATSG is a provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift 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 two airlines with separate and distinct US FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG´s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Airborne Maintenance and Engineering Services, Inc., including its division, PEMCO World Air Services, Inc. For more information, see www.atsginc.com.