The company said that its ATSG West Leasing Limited subsidiary in Ireland has committed to lease one converted B767-300 freighter to South Korean carrier, Air Incheon for a multi-year term anticipated to commence on 31 March 2018. ATSG West Leasing has also granted Air Incheon an option to lease a second B767-300 freighter for delivery later in 2018.
Air Incheon operates five scheduled cargo destinations from its base at Seoul Incheon International Airport – three cities in China: Jinan, Qingdao, Yantai; Narita and Haneda airports in Tokyo; and Yuzhno-Sakhalinsk in Russia.
Air Incheon currently operates two B737 freighter aircraft and a third B737 is undergoing passenger-to-freighter conversion via a contract with PEMCO, a division of ATSG’s Airborne Maintenance and Engineering Services (AMES) subsidiary.
YK Park, president and founder of Air Incheon, said: “Adding the B767-300 to our fleet means we can offer our customers more options for reliable, economical air lift throughout our growing network. We look forward to a lasting partnership with ATSG.”
Rich Corrado, chief operating officer of ATSG, said: “We are very pleased to announce ATSG’s relationship with Air Incheon via this B767 freighter lease. Together with its expanding B737 freighter fleet, the larger B767 will extend Air Incheon’s range and level of service for its expanding base of customers in Asia and elsewhere.”
In November, ATSG’s Cargo Aircraft Management subsidiary completed delivery of three converted B767-300 freighters under multi-year dry-lease agreements, one each to Cargojet, Northern Aviation Services, and Amerijet. ATSG holds lease commitments for six of the eight B767s it currently expects to deliver through September 2018.