Atlas Air Worldwide Places Two 747-8 ACMI Freighters with Cathay Pacific Cargo
May 03 2017 - 8:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced
the placement of two Boeing 747-8 Freighters into ACMI service for
Cathay Pacific Cargo, a leading global airline based in Hong Kong.
Both 747-8 Freighters will be operated by Atlas
Air, Inc. and will fly on behalf of Cathay Pacific Cargo through
aircraft, crew, maintenance and insurance agreements. The new
747-8F service is scheduled to begin in May, and will be deployed
to supplement capacity on Cathay Pacific Cargo’s existing
network.
“Cathay Pacific is a prominent global airline
and a standout performer in the airfreight market,” said William J.
Flynn, President and Chief Executive Officer, Atlas Air
Worldwide.
“We are delighted to work with Cathay Pacific’s
cargo division to facilitate the strong growth of its global
network, and we look forward to supporting our customer as it takes
advantage of market opportunities.”
Cathay Pacific Director Cargo Simon Large said:
“This agreement underscores the strength of our cargo operations
and our commitment to enhance the frequency of our services across
our expanding global network. We are very pleased to be able to
provide our customers with increased options, flexibility and
convenience and look forward to developing a long-term partnership
with Atlas Air Worldwide.”
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 a
broad 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.
About Cathay Pacific Cargo:
Cathay Pacific Cargo is one of the leading
international air cargo carriers. Using a dedicated fleet of 21
Boeing 747 freighters, including 14 747-8 freighters, to over 47
freighter destinations worldwide, Cathay Pacific Cargo also
utilises cargo space on Cathay Pacific’s 124 passenger aircraft and
Cathay Dragon’s 43 passenger aircraft, serving a growing global
route network from its Hong Kong home. Cathay Pacific’s cargo
business currently accounts for around 24% of its annual revenues,
and has helped to build Hong Kong into the world’s busiest air
cargo hub. For more information, visit
www.cathaypacificcargo.com.
Contacts:
Beth Roach (Media) – (914) 701-6576
Dan Loh (Investors) – (914) 701-8200
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