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ATSG Board Increases Share Repurchase Authorization to $100 Million

WILMINGTON, Ohio, May 12, 2016 (BUSINESS WIRE) -- The Board of Directors of Air Transport Services Group, Inc. ATSG, -0.48% meeting here today amended its previous share repurchase authorization to authorize repurchases of up to $100 million of ATSG’s common shares.

On August 5, 2014, the Board authorized the Company to repurchase up to $50 million of its common shares. Repurchases under that program commenced in May 2015 and have totaled approximately $18.3 million to date.

Joe Hete, President and CEO, and a director of ATSG, said, "The Board’s action today is intended in part to accommodate an accelerated pace of share repurchases by ATSG to significantly offset the potential dilutive effect of share issuances from warrants granted to...