Atlas Air Teams Up With Cainiao to Operate Daily Asia-Latin America Chartered Flights with Cargo Volume Rising by 144%
November 15 2021 - 8:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced its
Atlas Air, Inc. subsidiary has expanded its partnership with
Cainiao Network, (“Cainiao”), the logistics arm of Alibaba Group,
to enhance overall shipping efficiency in response to the growth of
cross-border trade between China and Latin America. With the launch
of daily flights, Cainiao’s weekly cargo volume from China to Latin
America has increased 144% compared to last October when there were
only three chartered flights per week.
Under the expanded agreement, Atlas has added an
additional B747-400F to fly between Hong Kong, China and Santiago,
Chile. This brings the total dedicated fleet that Atlas operates
for Cainiao to five aircraft.
This expanded fleet builds upon the successful
collaboration between Atlas and Cainiao, which was launched in
October 2020, with Atlas operating three weekly charter flights
dedicated to Cainiao, linking Hong Kong with Brazil and Chile. The
current upgraded Atlas-Cainiao partnership has enhanced overall
warehouse distribution and air freight efficiency by over 40%.
According to Cainiao, the number of parcels
shipped to Brazil in September 2021 increased by 200% as compared
to the same month last year. In response to the robust growth,
Cainiao rolled out "12-day delivery service" in Brazil's core
metropolitan areas. In addition, Cainiao also plans to establish a
distribution center in Brazil to offer next-day or even same-day
delivery in partnership with local delivery firms.
“Our partnership with Atlas Air continues to
strengthen our network between South America and other destinations
around the globe as we further enhance Cainiao’s capabilities to
support merchants worldwide efficiently and reliably,” said William
Xiong, Cainiao’s Chief Strategist and General Manager of Export
Logistics.
“We are very pleased that Cainiao and Alibaba
have selected Atlas as a strategic growth partner,” said President
and Chief Executive Officer John W. Dietrich, Atlas Air Worldwide.
“Through our successful relationship over the last year, Atlas’
global operating capabilities have enabled Cainiao to continue
offering its customers faster deliveries throughout the world. We
are excited to add incremental capacity in support of this growing
partnership.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a3963bc2-37c1-4042-9369-a6d9fdc4e69b
About Cainiao
Network:
Founded in 2013, Cainiao Network (“Cainiao”) is
a global industrial internet company and the logistics arm of
Alibaba Group. As part of its commitment to create customer value,
it adopts a collaborative approach to logistics that aims to
improve efficiency and customer experience for all players along
the supply chain. It carries forward Alibaba’s mission of making it
easy to do business anywhere by aiming to deliver anywhere in China
within 24 hours, and across the globe within 72 hours.
Media ContactJin WUjinwujun@alibaba-inc.com
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’s press releases, SEC
filings and other information may be accessed through the company’s
home page, www.atlasairworldwide.com.
FOR IMMEDIATE RELEASE
Contacts:
Investors – InvestorRelations@atlasair.comMedia –
CorpCommunications@atlasair.com
Atlas Air Worldwide (NASDAQ:AAWW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atlas Air Worldwide (NASDAQ:AAWW)
Historical Stock Chart
From Jul 2023 to Jul 2024