Atlas Air Worldwide Announces New Contract with FedEx
August 24 2016 - 9:15AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced
that it has entered into a five-year agreement with FedEx Express
to provide it with five 747-400 freighter aircraft for peak flying
seasons beginning in 2017 and lasting through 2021. Peak season
flying generally occurs in the month of December and potentially
earlier. An agreement to provide five aircraft for the 2016 peak
season flying is already in place.
“We have worked closely and successfully with FedEx
for many years, but this is our first agreement that allows both
companies to plan for the longer term,” said William J. Flynn,
President and Chief Executive Officer. “We are excited to continue
to serve FedEx and its customers.”
About Atlas Air
Worldwide:
Atlas Air Worldwide is a leading global provider of
outsourced aircraft and aviation operating services. It is the
parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and
Titan Aviation Holdings, Inc., and is the majority shareholder of
Polar Air Cargo Worldwide, Inc. Our companies operate the world’s
largest fleet of 747 freighter aircraft and provide customers the
broadest array of Boeing 747, 777, 767, 757 and 737 aircraft for
domestic, regional and international applications.
Atlas Air Worldwide’s press releases, SEC filings
and other information may be accessed through the company’s home
page, www.atlasair.com.
Bonnie Rodney (Media) – (914) 701-8580
Dan Loh (Investors) – (914) 701-8200
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