Atlas Air and Cainiao Expand Partnership with the Addition of a New Boeing 747-8 Freighter Linking China and The Americas
February 17 2022 - 8:30AM
Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc.
(Nasdaq: AAWW), and Cainiao Network (“Cainiao”), the logistics arm
of Alibaba Group, today announced the expansion of their
strategic partnership by adding a new Boeing 747-8 Freighter under
a long-term agreement to increase capacity on routes between China
and the Americas.
This expansion builds upon Atlas Air’s partnership
with Cainiao, and the new aircraft will enter service for Cainiao
in the second quarter of 2022, linking China with the United
States, Brazil and Chile.
This 747-8F aircraft is among the last 747s ever
to be produced by Boeing. As previously announced, Atlas ordered
the last four 747 production aircraft to capitalize on strong
demand and deliver value for its customers, while also bolstering
its commitment to environmental stewardship through the reduction
of aircraft emissions, resource consumption and noise. The iconic
Boeing 747 program has been in operation for over 50 years and will
continue to play a critical role in keeping global supply chains
moving for decades to come.
“We are very pleased to extend our strong
partnership with Cainiao with the placement of one of our new
747-8Fs, the best performing widebody freighter in the industry
with unique nose-loading capability,” said Atlas Air Worldwide
President and Chief Executive Officer John W. Dietrich. “Cainiao is
a leader in the fast-growing e-Commerce logistics market, and we
look forward to continuing to support its global network with the
superior and reliable service Atlas Air provides. This
fuel-efficient, high-capacity aircraft reinforces the commitment to
environmental stewardship that Atlas and Cainiao share.”
“Through our successful partnership, Cainiao has
been able to offer our customers across the Americas with faster
and more eco-friendly deliveries provided by Atlas’ global
operating capabilities. We are excited to add the new Boeing
freighter to our expanding partnership in response to the growing
demand for e-Commerce and greener logistics across the world,” said
William Xiong, Cainiao's Chief Strategist and General Manager for
Export Logistics.
The Boeing 747-8 Freighter is the most capable,
technologically advanced and environmentally friendly widebody
freighter. The 747-8F provides 20% higher payload capacity and 16%
lower fuel consumption than the very capable 747-400F.
In November 2021, Cainiao expanded its partnership
with Atlas Air to include daily charter flights operated between
China and Latin America in response to the growth of cross-border
trade between China and Latin America.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2bfe97a7-5b10-4130-a9e2-782b6db67886
About Cainiao Network:
Founded in 2013, Cainiao Network (“Cainiao”) is a
smart logistics 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 Contact Jin WU jinwujun@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., 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.com Media –
CorpCommunications@atlasair.com |
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