Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today that its Atlas Air, Inc. unit will provide operating service on intra-Asian routes for two new Boeing 767-300ERF aircraft owned by DHL Express beginning in the latter part of the first quarter 2013. Atlas Air will operate the aircraft for its sister company, Polar Air Cargo Worldwide, Inc., linking the intra-Asian flights with Polar’s existing transpacific, all-cargo services for DHL and other customers.
The new operation represents a continued expansion of Atlas Air’s asset-light CMI (Crew, Maintenance and Insurance) service solution, which was launched in 2010. CMI is expected to be a strategic driver of company revenues and earnings and improved business mix over the next few years and beyond.
With the addition of the new aircraft to the company’s operating certificate, Atlas Air’s fleet of B767s will increase to 10 aircraft.
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. This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect Atlas Air Worldwide’s current views with respect to certain current and future events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of Atlas Air Worldwide and its subsidiaries (collectively, the “companies”) that may cause the actual results of the companies to be materially different from any future results, express or implied, in such forward-looking statements.
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