Air Transport Services Group’s leasing subsidiary, Cargo Aircraft Management, committed to provide four additional Boeing 767-300 converted freighters to DHL Express under the terms of standalone dry lease agreements. The leases are each for a term of seven years. Three of the four are to be delivered during the second half of 2021, with the fourth lease delivering in early 2022.

The leased freighters will bring additional support to DHL Express’ global network, with the four Boeing 767 aircraft extending the longstanding relationship between DHL Express and Air Transport Services Group. Once these additional four aircraft start flying, DHL Express will have 17 Boeing 767 aircraft under lease from Cargo Aircraft Management in its global network.

“The shipment volume growth that we continue experiencing requires the expansion of our global aviation network,” Rob Hyslop, executive vice president of global aviation for DHL Express, said. “We are pleased to further our relationship with ATSG. The freighter market is very competitive right now, so securing this additional capacity is critical to meet customer demand.”

“We are delighted to strengthen our 18-year relationship with DHL,” Mike Berger, chief commercial officer of Air Transport Services Group, said. “The demand for our 767 medium-widebody converted freighter aircraft remains very strong due to the continued expansion of express and e-commerce markets around the globe. We are proud to be one of the companies enabling the further expansion of e-commerce and m-commerce around the world.”