Atlas Air Worldwide Orders Four New Boeing 777 Freighters
January 06 2022 - 8:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today
it has ordered four new Boeing 777 freighters in response to strong
customer demand for dedicated international wide-body airfreight
capacity, particularly in the fast-growing e-Commerce and Express
markets.
The first of the four new 777-200LRFs is
expected to be delivered in November 2022 with the other three
expected to be delivered throughout 2023. This investment will
bolster Atlas’ 777 fleet, which currently includes 14 freighters
that the company operates or provides to customers on a dry-lease
basis through its Titan Aviation Leasing subsidiary.
“We are excited to expand our fleet and service
offerings for our existing and prospective customers with these
four new 777s. With the best team in the industry as well as our
focus on innovation and prudent fleet management, Atlas is serving
the evolving needs of the global supply chain and delivering value
for our customers,” said John W. Dietrich, Atlas Air Worldwide
President and Chief Executive Officer.
“These new aircraft will advance our strategic
growth plan as we continue to capitalize on strong demand for
dedicated airfreight capacity. This investment aligns with our
disciplined approach to deploying capital and meets our strict
return guidelines when investing in aircraft. We anticipate this
transaction will drive strong earnings and cash flows, and enhance
shareholder value,” Mr. Dietrich added.
Atlas’ investment in these new 777s – the
largest and longest-range twin-engine freighter in the world –
underscores the company’s ongoing commitment to environmental
stewardship through the reduction of aircraft emissions, resource
consumption and noise.
“We are honored that Atlas Air Worldwide, as a
global leader in airfreight, has once again selected to grow with
Boeing and our freighter family. These new 777 freighters provide
Atlas with more capacity, fuel efficiency and operational
flexibility for its customers,” said Ihssane Mounir, Boeing Senior
Vice President of Commercial Sales and Marketing.
In addition to its 777 fleet, Atlas is the
world’s largest operator of Boeing 747 freighter aircraft, with 49
in its current fleet. As previously announced, the company will
take delivery of four new 747-8 freighters during 2022, with the
first delivery expected in May. These aircraft are the last four
747 freighters Boeing will produce. The company also operates and
leases sizable fleets of 767 and 737 aircraft for domestic,
regional and international cargo and passenger operations.
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., 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.
Contacts:Investors
– InvestorRelations@atlasair.comMedia –
CorpCommunications@atlasair.com
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