Atlas Air Worldwide Announces ACMI Placement with EL AL
January 07 2020 - 9:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced
that its Atlas Air, Inc. unit and EL AL Israel Airline Ltd. have
entered into an agreement that enables EL AL to expand its reach
and cargo lift for its customers.
Under the terms of the ACMI (aircraft, crew,
maintenance and insurance) agreement, Atlas Air will operate a
Boeing 747-400 Freighter for capacity on significant routes, mainly
Liege – Tel Aviv, beginning in January 2020.
The 747-400 will provide additional revenue
cargo volume to serve the strong growth in demand across EL AL’s
freight network.
“This new agreement will allow EL AL to
capitalize on the state-of-the-art service solutions provided by
our aircraft,” said John Dietrich, President and Chief Executive
Officer, Atlas Air Worldwide. “We welcome EL AL as a new customer
and look forward to supporting EL AL as it continues to capture
market opportunities and enhance its position as a leader in
Israel’s cargo industry.”
Ronen Spira, head of EL AL’s Cargo Division,
said, “We are committed to providing our customers with a variety
of cargo solutions. This strategic initiative with Atlas Air
enables us to provide our customers with a stable and high-quality
operation for all types of cargo. Atlas Air’s fleet of 747 aircraft
is well-suited to support EL AL’s operations and schedules.”
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 the
broadest 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.atlasairworldwide.com.
Contacts: |
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Dan Loh (Investors) – (914) 701-8200 Debbie Coffey (Media) – (914)
701-8951 |
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