Atlas Air Worldwide Announces Long-Term ACMI Placement with MSC Mediterranean Shipping Company
September 26 2022 - 10:08AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced
that its Atlas Air, Inc. subsidiary and MSC Mediterranean Shipping
Company SA have entered into an agreement that enables MSC to
expand its reach and capacity for its customers.
Under the terms of the long-term ACMI (aircraft,
crew, maintenance and insurance) agreement, Atlas Air will operate
all four of its new and incoming Boeing 777-200 freighters on a
global basis for MSC, with the first delivery being taken in Q4
2022. Atlas’ order of these four aircraft was announced in January
2022.
The 777-200Fs will provide dedicated airfreight
capacity to meet customer demand and will serve as a complementary
service to MSC’s container shipping solutions. The 777-200F
supports environmental stewardship with a twin-engine design that
delivers excellent fuel efficiency and noise reduction.
“We are pleased to welcome MSC as a new
customer, and look forward to supporting MSC as it develops its
airfreight business and further enhances its position as a global
leader in transportation and logistics,” said John Dietrich,
President and Chief Executive Officer, Atlas Air Worldwide. “This
new agreement will allow MSC to capitalize on the state-of-the-art
service solutions provided by our aircraft and crews, as well as
the unparalleled air cargo expertise brought by our Atlas
team.”
Soren Toft, Chief Executive Officer, MSC, said,
“We are delighted to announce the development of MSC Air Cargo, an
exciting new offering for MSC clients. This strategic partnership
with Atlas Air is the first step into this market and we plan to
continue exploring various avenues to develop air cargo in a way
that complements our core business of container shipping. Atlas
Air’s fleet of 777 freighter aircraft is well-suited to support our
entry into air cargo and this strategic initiative will ensure we
meet the cargo requirements of 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., 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.
About MSC:
MSC Mediterranean Shipping Company,
headquartered in Geneva, Switzerland, is a global leader in
transportation and logistics, privately owned and founded in 1970
by Gianluigi Aponte. As one of the world’s leading container
shipping lines, MSC has 675 offices across 155 countries worldwide
with the MSC Group employing over 150,000 people. With access to an
integrated network of road, rail and sea transport resources which
stretches across the globe, the company prides itself on delivering
global service with local knowledge. MSC’s shipping line sails on
more than 260 trade routes, calling at over 500 ports.
For more information visit www.msc.com.
Contacts: |
Investors – InvestorRelations@atlasair.comMedia –
CorpCommunications@atlasair.com |
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