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ACL Airshop Promotes Tony Morgan to Vice Chairman

January 31, 2018

https://www.prnewswire.com
 
GREENVILLE, S.C., Jan. 31, 2018 /PRNewswire/ -- ACL Airshop, a leader in products and services for the global air cargo industry, announced the promotion of Anthony Morgan to the role of Vice Chairman. Previously its President & CEO for over 12 years, Mr. Morgan has been with the company and its predecessors for 25 years. He is a graduate of Cornell University, where he was an All-American varsity lacrosse player. Tony Morgan engineered the recapitalization of the ACL and Airshop enterprises ten years ago, and merged them into a fast growing air cargo services juggernaut as one strong brand, ACL Airshop. The business more than tripled during his CEO tenure. In 2016, he successfully negotiated for multiple institutional investment companies and Ranger Aerospace to infuse new strengths for taking ACL Airshop to its next level. Tony Morgan remains on the Board of Directors of Ranger Airshop Holdings, Inc. (parent company), is a substantial shareholder, and will be a key advisor to the company's management and its investors as Vice Chairman of ACL Airshop LLC.
 
Morgan has been instrumental in vaulting ACL Airshop to aggressive new levels of competitiveness in the past several years.  Noteworthy accomplishments in Tony Morgan's distinguished air cargo leadership career spanning nearly three decades include the introduction of one-way ULD leasing, the world's first FAA Certified air cargo strap, and developing an exclusive lease fleet of lightweight pallets and nets.  Perhaps his greatest accomplishment is building the industry's only true one-stop-shop for air cargo, a complete vertically integrated company that provides Leasing, Sales, Repairs, Manufacturing and ULD Control.  Morgan has overseen the near-doubling of the company just in the past two years, growing the worldwide network from 27 to 46 airport hubs, and broadening its supply chain into China and Taiwan in addition to USA and Germany. He and his team initiated the new Bluetooth ventures of ACL Airshop with CORE Transport Technologies, creating first-to-market technology leadership for his firm, and thereby opening a whole new level of customer service for airlines who desire real-time tracking of ULDs.
 
Reflecting on the company's 35 years of successful growth, Morgan said: "When I look back to where we started and where we are today, I am truly humbled by our success.  We are the global leader in Custom ULD Solutions and our equipment can be found at almost every airport in the world.  This is a credit to each and every person who works at ACL Airshop.  I have been truly blessed to work with the best TEAM in the industry!" 
 
For 2018 and beyond, the Company plans to ramp-up its hub investments around the world. Tony Morgan, in his new role as Vice Chairman, said: "Looking to the future, I have full confidence in our Management Team, these executives are the best in the world at what they do.  We will continue to grow our network utilizing a customer-driven strategy.  We are building a bigger footprint. It makes us an even better partner for our airlines clients. We will expand to a significant majority of the world's Top 100 air cargo airports in the coming years.  We make our customers measurably more efficient; saving them time and money.  And, our new technology investments are truly a game-changer for our hundreds of airlines clients. Our expansion strategy is exciting and well-capitalized: we are creating the strongest niche leader for Custom ULD Solutions in the world.  The future is extremely bright for ACL Airshop!"
 
ACL Airshop intends to invest for growth in each of its lines of business, and expand geographically to keep pace with rising industry trends.  The headquarters is near Greenville, SC, and the main international office is in Amsterdam, NL.  Other hubs include Hong Kong, Shanghai, New York, Miami, Los Angeles, Dallas, Dubai, Bogota, Sao Paulo, Tokyo, and many other major air cargo sites around the world.
 
Steve Townes, Ranger Aerospace founder and CEO of Ranger Airshop Holdings, stated: "Today's strategic growth and operational strengths in ACL Airshop rest squarely on the shoulders of leaders like Tony Morgan.  It's an honor to be his partner and colleague in this terrific enterprise."
 
(Interviews available on request.)
 
For more information visit www.aclairshop.com and www.rangeraerospace.com.

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FORWARD LOOKING STATEMENTS:
The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations. Past performance is no guarantee of future results and all investments are subject to loss.
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