Air Transport Services investor Red Mountain reports 12.5% stake

By Lisa Kerner

Charlotte, N.C., June 1 - Air Transport Services Group, Inc. shareholders led by Red Mountain Capital Partners LLC bought 905,714 shares of the company's stock between May 26 and May 29 priced from $1.1926 to $1.4741 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Between May 20 and May 22, Red Mountain bought 647,500 shares for an 11% stake in the company, a prior SEC filing said.

Following the latest purchases, Red Mountain beneficially owns 7,882,230, or 12.5%, of the Wilmington, Ohio, air cargo transportation company.

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