Placement Reflects Demand-Driven Expansion of Atlas Air Fleet
PURCHASE, N.Y., Wednesday, September 5, 2018 — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. unit has entered into an agreement to add a second Boeing 747-400 Freighter for Asiana Cargo.
The aircraft will be operated by Atlas Air and be flown on key global routes across the fast-growing transpacific market, connecting South Korea with several destinations in the United States. The aircraft is an incremental unit in Atlas Air’s fleet in response to customer demand and will enter into service this month.
“We are delighted to expand our strategic partnership with Asiana Cargo,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “Asiana takes pride in providing reliable, high-quality service, and we are very pleased to be chosen to manage an important part of its international network. We look forward to providing Asiana and its customers with unmatched service and a platform for future expansion.”
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 a broad 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.atlasair.com.
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