Atlas Air Worldwide Endorses Preservation of United States–United Arab Emirates Open Skies
May 18 2018 - 2:00PM
Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced
its support for the Record of Discussion signed Friday, May 11,
2018, by the United States and the United Arab Emirates (UAE)
relating to market-based transactions and financial transparency of
airlines of the two countries.
The document resolves concerns expressed by
major U.S. passenger airlines without undercutting Open Skies
principles, which have been at the core of U.S. international
aviation policy for the past 25 years. Open Skies agreements
afford airlines of each signatory country the right to operate
flights without restriction between their homeland and the other
country, via intermediate points and beyond the other
country.
In its May 17, 2018, Statement from the Press
Secretary Regarding the United States-United Arab Emirates Open
Skies Understanding, the White House aptly noted that the UAE’s
commitments are limited to subjects not covered by the U.S.-UAE
Open Skies Agreement.
“Atlas Air Worldwide appreciates the Trump
administration's commitment to upholding the rights enjoyed by
airlines of the U.S. and the UAE under the current Open Skies
Agreement,” said William J. Flynn, President and Chief Executive
Officer, Atlas Air Worldwide.
“For Atlas, Open Skies has allowed us to build a
global airfreight network based on one-way traffic flows that would
not otherwise have been available. Our expansive network
increases service options for the U.S. military, American shippers
and consumers, enhances U.S. competitiveness and improves the U.S.
balance of trade in services.”
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 cargo and passenger
operations.
Atlas Air Worldwide’s press releases, SEC
filings, and other information may be accessed through the
company’s home page, www.atlasair.com.
Contacts: Elizabeth Roach (Media) – (914)
701-6576Dan Loh (Investors) – (914) 701-8200
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