Ben Rubenstein's questions to ATSG leadership • Q2 2024
Question
Asked for an update on the gap between the market value and carrying value of the aircraft fleet, and inquired about the company's willingness or ability to repurchase its convertible notes due in 2029.
Answer
The company believes the significant gap between the market value and carrying value of its fleet still exists, and may have widened as aircraft conversion costs have increased with inflation. Regarding the convertible notes, a repurchase is possible but would require a negotiation and mutual agreement between both parties.