Air Transport Services Group, INC

Market Movers (8-K)

Air Transport Services Group (ATSG) has finalized its acquisition by Stonepeak in a $3.1 billion all-cash transaction, transitioning to a private company.
Capital raise
Air Transport Services Group (ATSG) will redeem its $700 million 4.750% Senior Notes due 2028, contingent on the completion of its merger with Stonepeak Nile MergerCo Inc.
Air Transport Services Group (ATSG) announced its fourth quarter and full-year 2024 financial results, showcasing strong cash flow and improved profitability in ACMI services, while progressing towards its acquisition by Stonepeak in the first half of 2025.
Better than expected
Air Transport Services Group (ATSG) stockholders have approved the proposed merger with Stonepeak, paving the way for ATSG to become a privately held company.
Air Transport Services Group (ATSG) has released preliminary unaudited financial results for the year and quarter ended December 31, 2024, in connection with a potential debt financing transaction related to its pending acquisition by Stonepeak.
Worse than expected
Capital raise
Air Transport Services Group (ATSG) reported a decrease in revenue and earnings for the third quarter of 2024, while also announcing a definitive agreement to be acquired by Stonepeak.
Worse than expected

Quarterly Earnings (10-Q)

Air Transport Services Group (ATSG) reported a net loss for the third quarter of 2024, alongside a decrease in revenue, while also announcing a merger agreement with Stonepeak.
Worse than expected
Capital raise
Air Transport Services Group (ATSG) reported a decrease in revenue and earnings for the second quarter of 2024, influenced by fleet transitions and adjustments to customer contracts, particularly with Amazon.
Worse than expected
Air Transport Services Group (ATSG) experienced a decrease in revenue and earnings in the first quarter of 2024, impacted by fleet transitions and increased interest expenses.
Worse than expected

Annual Reports (10-K)

Air Transport Services Group (ATSG) files an amendment to its 2024 annual report following its acquisition by Stonepeak Nile Parent LLC, detailing executive compensation, corporate governance, and related party transactions prior to the merger.
Air Transport Services Group, Inc.'s 2024 results reflect a decrease in revenue and earnings, with a pending merger by Stonepeak Nile Parent LLC expected to close in the first half of 2025.
Worse than expected
Air Transport Services Group, Inc. (ATSG) reports its 2023 financial results, highlighting fleet growth and strategic initiatives amidst a complex economic landscape.
Worse than expected
Delay expected

Insider Trading (Form 4)

Joseph C. Hete, Executive Chairman of Air Transport Services Group, reports the disposal of shares and derivative securities following the merger agreement with Stonepeak Nile Parent LLC.
Director Randy D. Rademacher reports changes in beneficial ownership of Air Transport Services Group, Inc. stock following the merger with Stonepeak Nile Parent LLC.
Following the merger of Air Transport Services Group with Stonepeak Nile Parent LLC, CEO Michael Berger reports the disposal of common stock and restricted stock units, resulting in cash payments as per the merger agreement.
Director John Christopher Teets reports changes in beneficial ownership of Air Transport Services Group, Inc. stock following the merger with Stonepeak Nile Parent LLC, resulting in cash payment for shares and restricted stock units.
Director Jeffrey J. Vorholt reports the disposal of Air Transport Services Group (ATSG) shares and restricted stock units due to the merger with Stonepeak Nile Parent LLC, resulting in a cash payment of $22.50 per share.
Director Phyllis J. Campbell reports the disposal of shares and restricted stock units due to the merger of Air Transport Services Group, Inc. with Stonepeak Nile Parent LLC.

Proxy Statements (Def-14A)

Air Transport Services Group (ATSG) stockholders will vote on a proposed merger with Stonepeak at a virtual special meeting on February 10, 2025, where Stonepeak will acquire ATSG for $22.50 per share.
Air Transport Services Group's go-shop period for alternative acquisition proposals has expired without any offers, and the company's acquisition by Stonepeak is expected to close in the first half of 2025.
Air Transport Services Group (ATSG) has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm.
Air Transport Services Group (ATSG) has agreed to be acquired by Stonepeak in an all-cash transaction valuing the company at approximately $3.1 billion, with shareholders receiving $22.50 per share.
Better than expected
Air Transport Services Group, Inc. has filed a definitive proxy statement with the SEC.
Air Transport Services Group (ATSG) will hold its 2024 Annual Meeting of Stockholders virtually on May 22, 2024, to vote on director elections, auditor ratification, executive compensation, and a climate risk proposal.