Atlas Air Worldwide Takes Delivery of Two More 747-8 Freighters
December 15 2011 - 5:05PM
Business Wire
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading
global provider of outsourced aircraft and aviation operating
services, today confirmed that its Atlas Air, Inc. unit has
accepted delivery of the company’s second and third Boeing 747-8
Freighters. The aircraft are part of Atlas Air's order of nine
747-8Fs with Boeing.
Together with an initial 747-8F delivered in early November, the
three aircraft will be operated for British Airways World Cargo
(BAWC) under a long-term ACMI (aircraft, crew, maintenance and
insurance) contract between BAWC and Global Supply Systems Limited
(GSS), a UK company in which Atlas Air Worldwide holds a 49%
interest.
Atlas Air expects to receive two additional 747-8Fs in mid-2012,
two in the fall of 2012, and two in the first half of 2013.
The 747-8 Freighter, 5.6 meters (18.3 ft) longer than the
benchmark 747-400F, is the largest, most-efficient, long-haul heavy
freighter in the market with 16 percent more revenue cargo volume
compared with the 747-400F. The additional 120 cubic meters (4,245
cubic feet) of volume afforded by the longer fuselage offers space
for four additional main-deck pallets and three additional
lower-hold pallets. For maximum speed and efficiency, cargo on the
747-8F can be loaded and unloaded using both the nose and side
doors.
Atlas Air Worldwide is the only outsource operator to offer
customers the new 747-8F aircraft. As previously announced, the
first five aircraft in Atlas Air’s order, including the three for
BAWC and two for Panalpina, have been placed under long-term ACMI
contracts.
About Atlas Air Worldwide:
Atlas Air Worldwide (AAWW) is the parent company of Atlas Air,
Inc. (Atlas Air) and Titan Aviation Leasing (Titan), and is the
majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar).
AAWW also maintains a 49% interest in Global Supply Systems Limited
(GSS). Through Atlas and Polar, AAWW operates the world’s largest
fleet of Boeing 747 freighter aircraft.
Atlas Air, Titan and Polar offer a range of outsourced aircraft
and aviation operating services that include ACMI service – in
which customers receive an aircraft, crew, maintenance and
insurance on a long-term basis; CMI service, for customers that
provide their own aircraft; express network and scheduled air cargo
service; military cargo and passenger charters; commercial cargo
and passenger 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.
This release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
that reflect AAWW’s current views with respect to certain current
and future events and financial performance. Such forward-looking
statements are and will be, as the case may be, subject to many
risks, uncertainties and factors relating to the operations and
business environments of AAWW and its subsidiaries (collectively,
the “companies”) that may cause the actual results of the companies
to be materially different from any future results, express or
implied, in such forward-looking statements.
Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited
to, the following: the ability of the companies to operate pursuant
to the terms of their financing facilities; the ability of the
companies to obtain and maintain normal terms with vendors and
service providers; the companies’ ability to maintain contracts
that are critical to their operations; the ability of the companies
to fund and execute their business plan; the ability of the
companies to attract, motivate and/or retain key executives and
associates; the ability of the companies to attract and retain
customers; the continued availability of our wide-body aircraft;
demand for cargo services in the markets in which the companies
operate; economic conditions; the effects of any hostilities or act
of war (in the Middle East or elsewhere) or any terrorist attack;
labor costs and relations; financing costs; the cost and
availability of war risk insurance; our ability to maintain
adequate internal controls over financial reporting; aviation fuel
costs; security-related costs; competitive pressures on pricing
(especially from lower-cost competitors); volatility in the
international currency markets; weather conditions; government
legislation and regulation; consumer perceptions of the companies’
products and services; anticipated and future litigation; and other
risks and uncertainties set forth from time to time in AAWW’s
reports to the United States Securities and Exchange
Commission.
For additional information, we refer you to the risk factors set
forth under the heading “Risk Factors” in the Annual Report on Form
10-K filed by AAWW with the Securities and Exchange Commission on
February 14, 2011. Other factors and assumptions not identified
above may also affect the forward-looking statements, and these
other factors and assumptions may also cause actual results to
differ materially from those discussed.
AAWW assumes no obligation to update such statements contained
in this release to reflect actual results, changes in assumptions
or changes in other factors affecting such estimates other than as
required by law.
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