Atlas Air Worldwide Holdings, Inc. Announces Placement of Two Additional B747-400 Freighters In Service for DHL Express

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.

Atlas Air Worldwide (NASDAQ:AAWW)
Historical Stock Chart
From Jul 2024 to Aug 2024