Atlas Air Worldwide Announces Expansion of Customer Flying
June 04 2019 - 8:30AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today
announced the start of increased 777-200F CMI service for DHL
Express, the addition of a third 747-400F for Asiana Cargo, and the
beginning of a long-term, 747-400F charter program for one of the
world’s largest technology companies.
DHL Express has awarded operation of the first two
of its new Boeing 777-200 Freighters to Atlas’ Southern Air, Inc.
unit, with an opportunity for additional aircraft in the future as
DHL awards the remaining 12 deliveries in its 777 aircraft
order.
The new flying for DHL represents a continued
expansion of Atlas’ CMI (crew, maintenance and insurance) service.
The two CMI aircraft are the seventh and eighth 777s to be operated
by Southern Air for DHL. They will be flown on key global routes
and will assist DHL in meeting the increasing demand for its
express services. The aircraft are expected to begin scheduled
operations in June and July 2019.
“We are very pleased that DHL Express has chosen to
expand its partnership with us,” said William J. Flynn, President
and Chief Executive Officer, Atlas Air Worldwide. “By growing our
CMI operations, we continue to diversify our business mix and to
drive more predictable revenue and earnings streams.”
Atlas’ companies provide ACMI (aircraft, crew,
maintenance and insurance), CMI, charter and dry-leasing services
to support DHL’s transpacific express, North American, intra-Asian
and global networks. From six aircraft for DHL in October 2008,
Atlas has grown service for its largest customer to 40 aircraft
today.
In connection with the expansion of CMI service for
DHL, two 747-400 freighters currently operating for DHL Express
will begin flying for other Atlas customers.
The company’s Atlas Air, Inc. subsidiary has
entered into agreements to add a third 747-400 freighter for Asiana
Cargo and to begin a long-term 747-400F charter program for a
market-leading technology company.
“We are delighted to continue expanding our
strategic partnership with Asiana Cargo and to start a new
relationship with a major technology company,” Mr. Flynn added.
“Like DHL, these customers take pride in providing reliable,
high-quality service, and we are very pleased to be chosen to
manage a large and important part of their international networks.
We look forward to providing them and their customers with
unmatched service and a platform for future expansion.”
Kwang Suk Kim, Executive Vice President, Asiana
Airlines Cargo, noted: “We are pleased to continue our close
cooperation with Atlas Air and to add a third 747-400 freighter.
Our growing partnership with Atlas Air will enable us to expand
service for our customers and to pursue additional strategic
opportunities.”
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, 757 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: |
Debbie Coffey
(Media) – (914) 701-8951 |
|
Dan Loh (Investors) – (914) 701-8200 |
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