Atlas Air Worldwide Holdings, Inc. Announces Placement of Two Additional B747-400 Freighters In Service for DHL Express
January 20 2011 - 8:28AM
Business Wire
Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a
leading global provider of air cargo assets and outsourced aircraft
operating solutions, today announced the agreement to place two
additional Boeing 747-400 freighter aircraft into express network
ACMI service for the benefit of DHL Express beginning in March
2011.
William J. Flynn, President and Chief Executive Officer of AAWW,
said, “We are pleased to announce this agreement. Our high-quality,
time-definite scheduled air cargo service and modern, efficient
747-400 fleet enable DHL Express and our freight-forwarder
customers to connect with major transpacific markets quickly and
dependably.
“This placement reflects the continuing growth of DHL’s global
express business and our proven ability to support customer growth
initiatives by delivering global operating scale and consistent
service excellence. The two additional 747 freighters that are
going into service for DHL are incremental to the six 747-400Fs
through which we are currently providing express network ACMI
service to DHL.”
AAWW’s Atlas Air, Inc., which provides outsourced
airport-to-airport wide-body cargo solutions, will operate the
aircraft for its sister company Polar Air Cargo Worldwide (Polar),
which serves DHL and other customers.
Thomas Murphy, Executive Vice President and Chief Operating
Officer, Polar, noted, “2010 was a year in which we delivered
extraordinary on-time performance to our customer, DHL, and our
other valuable freight-forwarding partners. We have an excellent
track record and relationship with our customers, and we are
delighted to provide expanded service in support of DHL’s strategic
growth initiatives.”
Mr. Flynn added, “We continue to see strong market demand for
attractive assets like our fleet of 747-400 freighters. We will
benefit from the scarcity value of these aircraft, their high
payload and fuel efficiency."
About Atlas Air Worldwide Holdings, Inc.
AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan
Aviation Leasing (Titan), and is the majority shareholder of Polar
Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW
operates the world’s largest fleet of Boeing 747 freighter
aircraft.
Atlas, Titan and Polar offer a range of air cargo and aircraft
operating solutions that include ACMI aircraft leasing – in which
customers receive a dedicated aircraft, crew, maintenance and
insurance on a long-term lease basis; CMI service, for customers
that provide their own aircraft; express network and scheduled air
cargo service; military charters; commercial cargo charters; and
dry leasing of aircraft and engines.
AAWW’s press releases, SEC filings and other information may be
accessed through the Company’s home page, www.atlasair.com.
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