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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Air Transport Services Group Inc | NASDAQ:ATSG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.38 | 2.98% | 13.15 | 13.14 | 13.16 | 13.20 | 12.85 | 12.94 | 214,664 | 20:12:51 |
Air Transport Services Group, Inc. (NASDAQ:ATSG) today said its ABX Air pilots will be returning to work beginning tonight following a ruling by U.S. District Court Judge Timothy S. Black that the striking pilots must resolve differences with ABX Air through arbitration and other provisions of their labor agreement.
The judge determined that disagreements with the pilots and their union, Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224, over work scheduling issues constitute a “minor dispute” and must be resolved under terms of the labor agreement between ABX Air and the union.
John Starkovich, President of ABX Air, said that he expects ABX Air flight operations to resume effective immediately.
“I am pleased that the court continues to recognize the value to all parties from continuing to work out remaining differences in negotiations and through arbitration,” Starkovich said. “We intend to resume those discussions at the appropriate time and place in order to find solutions that are in the best interests of our customers, shareholders and employees.”
About ATSG
ATSG is a leading 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 U.S. 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. For more information, please see www.atsginc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161123005729/en/
ATSG, Inc.Quint TurnerChief Financial Officer937-366-2303
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