Air Incheon receives first of two leased B767-300 converted freighters

April 13, 2018: South-Korea based cargo airline Air Incheon has taken delivery of its first of two Boeing 767-300 converted freighters leased from aircraft lessor Air Transport Services Group (ATSG). The carrier inducts the aircraft to its fleet on a six-year dry lease.

The company will add second 767-300 freighter to its fleet when the aircraft completes modification in the second half of 2018. Both the companies entered into lease agreement in November 2017.

Mike Berger, chief commercial officer of ATSG said: “This is especially positive for us, as it represents the launch of a new customer relationship. We are looking forward to a very bright future with Air Incheon.”

Air Incheon currently operates two Boeing 737 freighter aircraft from its base.

A third 737 for Air Incheon is undergoing passenger-to-freighter conversion via a contract with Pemco World Air Services, Inc., a division of ATSG’s Airborne Maintenance and Engineering Services (AMES) subsidiary.

The Air Incheon 767 is the third aircraft that ATSG’s businesses have dry leased and delivered to customers in 2018.

ATSG delivered the second of three 767-300 freighters it has agreed to lease for seven-year terms to Northern Air Cargo in January; the third is expected to be delivered in the second half of 2018. It also leased and recently delivered the second of two converted Boeing 737 freighters to West Atlantic in Europe for five-year terms.