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TheStreet Open House

Atlas Air Worldwide Announces Placement Of Additional B747-400 Freighter In ACMI Service For DHL Express

Stocks in this article: AAWW

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today announced the agreement to place a ninth Boeing 747-400 freighter into express network ACMI service for the benefit of DHL Express beginning in July 2012.

William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide, said, “We are pleased to announce this agreement. The additional 747 freighter that will begin flying for DHL will complement the eight aircraft we already have in service for its global express business. This incremental aircraft reflects the continued growth of DHL Express and our proven ability to support customer initiatives by delivering global operating scale and consistent service excellence. The aircraft will be used in an expanded trans-Pacific dedicated freighter network.”

Atlas Air Worldwide’s unit, Atlas Air, Inc., which provides outsourced airport-to-airport wide-body cargo solutions, will operate the aircraft for its sister company, Polar Air Cargo Worldwide, Inc., which serves DHL and other customers.

About Atlas Air Worldwide:

Atlas Air Worldwide is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Atlas Air Worldwide also maintains a 49% interest in Global Supply Systems Limited (GSS). Through Atlas and Polar, Atlas Air Worldwide operates the world’s largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of outsourced aircraft and aviation operating services that include ACMI service – in which customers receive an aircraft, crew, maintenance and insurance on a long-term basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military cargo and passenger charters; commercial cargo and passenger charters; and dry leasing of aircraft and engines.

Atlas Air Worldwide’s press releases, SEC filings and other information can be accessed through the Company’s home page, www.atlasair.com.

Copyright Business Wire 2010

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