Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today announced that it has reached an agreement with DHL Express for placement of its sixth and seventh Boeing 747-8 Freighter aircraft.
These aircraft will be operated by Atlas Air Worldwide’s unit, Atlas Air, Inc., in the Polar Air Cargo Worldwide express network under an ACMI arrangement for the benefit of DHL Express commencing in the fourth quarter of 2012. These aircraft will be the first of their type to be flown for DHL Express and will operate in DHL’s Asian and transpacific markets. These aircraft will replace two Boeing 747-400 Freighters that are currently in service for DHL Express.
“We are very pleased to announce these placements. With these new 747-8 freighters, DHL Express will have increased capacity and revenue-generating capability in one of the fastest developing regions of the world,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide.
Mr. Flynn continued, “This development reflects DHL’s continuing commitment to high-quality service, supported by our world-class cargo fleet and our proven ability to deliver global operating scale and consistent service excellence to our customers.”Atlas Air expects to receive an additional two 747-8Fs in the first half of 2013, for a total of nine aircraft, completing the delivery of its order program. 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.