ATSG Overview

Fourth Quarter and Full Year Financial Results: Air Transport Services Group, Inc. reported stable revenues of $517 million for Q4 2024, with significant improvements in earnings per share and free cash flow compared to the previous year. For the full year, revenues decreased slightly to $2 billion, while adjusted earnings metrics showed a decline from 2023.

Pending Acquisition by Stonepeak: ATSG is set to be acquired by Stonepeak, with stockholder approval received on February 10, 2025. The company is working towards completing the transaction in the first half of 2025 and will not provide forward-looking guidance or hold an earnings conference call during this period.

Kuehn Law Investigation: Kuehn Law, a shareholder litigation firm, is investigating proposed mergers involving Portman Ridge Finance Corporation and Air Transport Services Group, Inc., focusing on whether the companies acted to maximize shareholder value and disclosed all material information.

Shareholder Participation Encouraged: Shareholders are urged to get involved in the investigation as their participation is crucial for ensuring fairness in financial markets, with Kuehn Law offering to cover all case costs without charging clients.

New Agreement Announcement: GA Telesis Engine Services has entered into a new agreement with GE Aerospace for on-wing maintenance services for CF6 and CFM56 engines, enhancing their service capabilities in the aviation industry.

Strategic Positioning: The partnership is strategically located in Wilmington, Ohio, allowing for efficient logistics and quick turnaround times, reinforcing GA Telesis' commitment to providing innovative solutions tailored to customer needs.

Merger Approval: Air Transport Services Group, Inc. (ATSG) stockholders have approved a merger with Stonepeak, which will result in ATSG becoming a privately held company and its shares being delisted from NASDAQ, with shareholders receiving $22.50 per share upon closing.

Transaction Details: The merger is expected to close in the first half of 2025, pending regulatory approvals and other customary conditions, while ATSG continues to operate as a leader in aircraft leasing and air transport services.

Lobbying Disclosure: ABX Air Inc. disclosed $20,000 in lobbying efforts related to FAA reauthorization, transportation appropriations, and DOD cargo movement issues for Q4 2024.

Institutional Investor Activity: In the latest quarter, 79 institutional investors increased their holdings in ATSG stock while 74 reduced theirs, indicating mixed sentiment among large shareholders.