Atlas Air Takes Delivery of First of Four New Boeing 747-8 Freighters
June 02 2022 - 8:20AM
Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc.
(Nasdaq: AAWW), today announced it has taken delivery of a Boeing
747-8 freighter, which will operate on behalf of its customer
Cainiao, the logistics arm of Alibaba Group, as part of a
previously announced long-term agreement. The aircraft will
increase capacity on routes between China and the Americas. This
aircraft is the first of four new 747-8 freighters that Atlas
expects to receive from Boeing this year.
The addition of this 747-8F expands service for
Cainiao between China, the United States, Brazil and Chile aboard
the most capable, technologically advanced and
environmentally-friendly widebody freighter, providing 20% higher
payload capacity and 16% lower fuel consumption than the very
capable 747-400F.
As previously announced, Atlas’s investment in
these new aircraft underscores 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.
The 747-8 is the only factory-built freighter with nose-loading
capability in production, which will serve the long-term needs of
the airfreight market.
“These four new 747-8s allow us to offer our
customers significant growth opportunities to capitalize on strong
demand and deliver value on what we consider among the best and
most versatile widebody freighters in the market,” said Michael T.
Steen, Executive Vice President and Chief Commercial Officer, Atlas
Air Worldwide. “We are pleased that the first of our new 747s will
be placed on a long-term basis with Cainiao, as they continue
strengthening their presence as a global e-Commerce logistics
leader, and we look forward to continue supporting their growth and
expansion.”
Dandy Zhang, Commercial Director of Cainiao's
Cross-border business said: "As a global smart logistics company,
Cainiao has been consistently enhancing our logistics services to
satisfy the booming demand for e-Commerce in the Americas. We have
been operating daily chartered flights linking China and the
Americas since last year, in partnership with Atlas Air, and now we
are excited to embrace the new 747-8 freighter as a token of
commitment to serve our global customers with sustainable and
efficient logistics.”
About Cainiao Network:
Media Contact Jin Wu jinwujun@cainiao.com
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. For more information, please
visit https://www.cainiao.com/en/index.html
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 |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad1055e2-d4a4-4dae-94f7-dea4457a09af
Atlas Air Worldwide (NASDAQ:AAWW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlas Air Worldwide (NASDAQ:AAWW)
Historical Stock Chart
From Apr 2023 to Apr 2024