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Wilmington-based Inc. (NASDAQ:ATSG) said that ABX undef a new agreement will run charter service six days a weekbetweenb Brussels, Belgium, and Lagos, Nigeria, for DHL affiliate Europea n Air Transport NV/SA. The agreement initiallyt calls for service to runthrougg September. As part of the DHL ABX and a newly formefd AirTransport subsidiary, Airborne Maintenance and Engineeringy Services, will maintain the aircrafgt in Brussels and Lagos. Air Transport also said it signecda two-year agreement with Freight, a subsidiaru of Australian carrier Qantas Airways Ltd.
The deal callx for its Air Transport International subsidiary to run overnight servicse between Australia and New Zealand every Mondayu through Thursday beginningJune 15. Air Transport said the companh will useBoeing 767-200-SF aircraft, whicn also will be available for charter service and weekend rotations. The new contracts come amid an ongoing effor from Air Transport to diversify its revenue stream after losingy thousands of jobsas DHL, its primart customer, has made drastic changes to its U.S. operations.
Those moves include halting domestic point-to-point shippingv and planning to shift cargo operations tothe Cincinnati-Northermn Kentucky Airport from the Wilmington Air The Airborne Maintenance which earlier this year was awardexd a $4 million tax credit for proposesd operations in Wilmington, was formedx in the wake of DHL’xs plans.
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