Atlas Air Worldwide Announces New ACMI Contract with FedEx
September 22 2021 - 8:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced its
subsidiary Atlas Air, Inc. has entered into a long-term agreement
with FedEx to provide two 747-400 freighter aircraft on a full-time
aircraft, crew, maintenance and insurance (ACMI) basis. This new
agreement is in addition to the company’s existing multi-year peak
season contract that provides FedEx with a minimum of five aircraft
during the fourth quarter.
Both 747-400 freighters have entered service and
are flying on behalf of FedEx to support their growing express and
e-commerce network.
“We are pleased to grow our long-term
relationship with FedEx. This agreement reflects the continued
strong demand for airfreight capacity, particularly in the express
and e-commerce markets,” said John W. Dietrich, President and Chief
Executive Officer of Atlas Air Worldwide. “Atlas is a leader in
supporting express networks, with a focus on operating the most
modern, fuel-efficient aircraft to deliver high levels of on-time
performance for our customers.”
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 and 737 aircraft for
domestic, regional and international cargo and passenger
operations.
Atlas Air Worldwide press releases, SEC filings
and other information may be accessed through the company’s home
page, www.atlasairworldwide.com.
Contacts: Investors:
InvestorRelations@atlasair.com
Media: CorpCommunications@atlasair.com
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