Martin Drew, Chief Strategy and Transformation Officer
Purchase, N.Y., September 26, 2023 – Atlas Air Worldwide (“Atlas” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced the appointment of Martin Drew as Chief Strategy and Transformation Officer, effective September 25, 2023. In this role, Mr. Drew will lead the Company’s comprehensive corporate strategy, including its transformational growth initiatives. Mr. Drew will report to Michael Steen, Chief Executive Officer, and serve on the Company’s Executive Leadership Team.
“We are thrilled that Martin is joining our leadership team at this exciting and pivotal moment for Atlas,” said Mr. Steen. “Martin is a highly recognized leader in aviation and will be an incredible asset to our team as we leverage our diversified business model, unrivaled global network and best-in-class assets for long-term success. His vast experience in cargo and passenger operations, entrepreneurial leadership style and solutions-oriented approach will help guide the Company to new heights.”
In his oversight of corporate strategy, Mr. Drew will seek to drive strategic growth and diversification across Atlas’ services, geographic footprint, and partnerships that support the Company’s mission to be its customers’ first choice and most valued partner.
“I am thrilled to join Atlas, an industry leader renowned for its unwavering commitment to excellence, innovation and customer satisfaction. The Company’s strong foundation, coupled with its forward-thinking approach, has positioned it as a leading force in the aviation industry,” Mr. Drew said. “I look forward to bringing my passion for driving change and strategic mindset to make a lasting impact on the Company’s continued growth and success. Atlas’ dedication to transformation and its visionary leadership have set the stage for an exciting journey ahead.”
Mr. Drew was most recently Senior Vice President Global Sales, Marketing, Brand and Cargo at Etihad Airways in Abu Dhabi, U.A.E. where he oversaw all aspects of Etihad Cargo and was a member of the airline’s leadership team. He first joined Etihad Airways in 2005 and during this time spent 18 months working with Jet Airways as Vice President, Cargo in Mumbai, substantially growing the airline’s cargo business. He also previously held the position of Vice President Europe and Americas with responsibility for Etihad’s activities in Europe and the Americas, including Passenger Sales, Marketing, and Alliances. Prior to that, he held senior positions at Lufthansa and DAS Air Cargo.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
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Provo, Utah, August 1, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced that Alpine Air has joined its Pathway to Success Program for qualified pilots. Alpine Air is one of America’s largest all-cargo regional on-demand contract airlines, including the transport of mail packages and other time-sensitive cargo for the United States Postal Service and the United Parcel Service.
“We have long respected Alpine Air for its strong reputation as a regional air cargo provider that also serves some of the same customers on our own roster,” said Patricia Goodwin-Peters, Senior Vice President, Human Resources of Atlas Air Worldwide. “Partnering with Alpine Air gives Atlas Air the opportunity to tap into a talent pipeline that includes some of the air cargo industry’s most experienced pilots.”
“Alpine Air Express is proud to partner with Atlas Air in their Pathway to Success Program,” said Bob Frisch, Chief Operating Officer of Alpine Air Express. “Atlas Air is a leader in cargo and charters with a large fleet across multiple aircraft platforms. This Pathway to Success Program provides a highly advantageous opportunity for Alpine Air pilots who wish to join an industry leading carrier such as Atlas Air.”
Pilot Pathway to Success Program
Potential candidates selected to take part in the Atlas Air Pathway to Success program will be granted an interview with Atlas Air. To be considered, candidates must meet these and other criteria:
For complete details, and to determine eligibility, Alpine Air employees should contact Cole Broadus, Alpine Air’s Chief Pilot, at cbroadus@alpine-air.com or Brittney Steier, Alpine Air’s Recruitment and Corporate Communications, at bsteier@alpine-air.com.
About Alpine Air
Alpine Air operates over 80 aircraft including Beechcraft 1900C, Beechcraft 1900D, Beechcraft 99, and King Air. Alpine Air transports mail packages and other time-sensitive cargo for USPS and UPS.
Alpine Air’s history, where to apply, charter info, and more can be found at https://www.alpine-air.com/.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Aircraft to be Operated for MSC’s Air Cargo Solution
Purchase, N.Y., July 20, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced it has taken delivery of a Boeing 777-200 Freighter, which it will operate on behalf of its customer MSC Mediterranean Shipping Company SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement.
N708GT, the Second of Four B777-200Fs Operated by Atlas Air on Behalf of MSC
This is the second of four Boeing 777-200 Freighters that Atlas Air will operate for MSC, which will complement the existing weekly service for the world’s largest shipping company. Currently, MSC is offering around-the-world service to airports such as Mexico City (NLU), Indianapolis (IND), Liege (LGG), Seoul (ICN) and Xiamen (XMN).
“Building on the successful launch of MSC’s Air Cargo Solution, we are very pleased to welcome this second 777 delivery as part of our long-term strategic partnership. We expect our remaining two 777 aircraft to be delivered in the fourth quarter,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide. “We value the trust that MSC has in Atlas Air to support the expanding requirements of their global network, and are excited to leverage our expertise and industry-leading solutions.”
Ribbon Cutting Ceremony for the Delivery of N708GT; From Left to Right: Chris Dwyer (Boeing), David Cyrus (MSC), Graham Perkins (Atlas Air), Gavin Deeks (MSC), and Tony Slama (Boeing)
“The delivery of our second MSC branded aircraft represents another strategic component towards our offering that further connects trade lanes for our customers. In partnership with Atlas Air, we have built a solid foundation on which to expand our air cargo solution” said Jannie Davel, Senior Vice President Air Cargo at MSC.
About MSC:
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide with the MSC Group employing over 180,000 people. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC’s shipping line sails on more than 260 trade routes, calling at 520 ports.
For more information visit www.msc.com.
Press enquiries: media@msc.com
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
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Purchase, N.Y., July 19, 2023 – Atlas Air Worldwide was honored in the Air Cargo Leadership category of the 2023 Airline Strategy Awards in London on July 16 by an independent judging panel for its market performance and leadership in serving the growing needs of the global supply chain.
“The completion of the transaction to bring Atlas into private ownership was an important milestone for the company. The transaction delivered immediate value to Atlas Air Worldwide shareholders and further positions the business to serve the growing needs of the global supply chain,” said Lewis Harper, Editor of Airline Business.
Earlier this year, an investor group led by Apollo funds together with investment affiliates of J.F. Lehman & Company and Hill City Capital completed its previously announced acquisition of Atlas.
“In recent years, the Atlas leadership team has continued its diversification into areas such as express, e-commerce and passenger services, and the aircraft leasing business, alongside excelling in traditional air cargo functions,” Mr. Harper said.
Michael Steen, Chief Executive Officer of Atlas Air Worldwide, (center) accepts the Company’s award for leadership in Air Cargo at the Airline Strategy Awards from Graham Dunn, Executive Editor of FlightGlobal (left) and Olivier Houri, Executive Vice President of SmartKargo (right)
Mr. Harper continued: “Judges were hugely impressed with the company’s story, noting that it had deployed an impressive diversification strategy, outpaced the market and taken significant share in recent years. This together with the strong ownership of Apollo, J.F. Lehman and Hill City Partners provides confidence that Atlas is on a path to future success.”
Michael Steen, Chief Executive Officer of Atlas Air Worldwide, accepted the award on behalf of the Atlas team.
“We are very proud to receive this prestigious award in Air Cargo Leadership, and thank Airline Business, Flight Global, Korn Ferry and the judges of the Airline Strategy Awards for recognizing Atlas. This was a very pivotal year for the company and our team, and we are very excited by the opportunities that lie ahead in partnership with our new investor group,” Mr. Steen said. “Over the past 30 years, and especially most recently as we’ve navigated the pandemic, we have worked hard to serve the growing needs of the global supply chain, and to deliver safe and efficient service to our valued customers. I’d like to thank our nearly 5,000 employees who are the strength of Atlas and have helped build our reputation as a world leader in global airfreight.”
About Airline Business
As the premier title for airline boardrooms worldwide, Airline Business covers the key strategic and business issues in the air transport industry. It was established in 1985 and has editorial offices in London, Washington DC and Singapore. Aside from four print and digital publications per year, Airline Business also produces a weekly newsletter, a regular podcast and data snapshots for FlightGlobal Premium.
About FlightGlobal
FlightGlobal provides information, news, conferences and recruitment to help people and businesses to learn more, network and grow in the aviation industry. With 110 years of aviation publishing, FlightGlobal is one of the industry’s leading news sources, including respected brands FlightGlobal Premium, Airline Business, Flight International, aviation event dailies and flightglobal.com. A conferences and webinar program within the FlightGlobal portfolio is addressing key market issues and questions in aviation, and FlightJobs supports individuals throughout their career and enables organizations to find the best aviation talent. FlightGlobal has been owned by DVV Media International since mid-2019.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. It works with clients to design their organizational structures, roles and responsibilities. Korn Ferry helps them hire the right people and advise them on how to reward, develop and motivate their workforce. And, it helps professionals navigate and advance their careers. Korn Ferry’s colleagues serve clients in more than 50 countries across five core solutions: Organizational Strategy; Assessment and Succession; Talent Acquisition; Leadership Development; and Rewards and Benefits.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
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Purchase, N.Y., June 15, 2023 – Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings Inc., today announced Richard Broekman has been promoted to Executive Vice President, Chief Commercial Officer and Head of Sustainability. In his new role, Mr. Broekman will be responsible for the development and execution of Atlas Air’s global commercial strategies, and the management of the corporate sales strategy for ACMI, CMI and Charter Services.
Additionally, Mr. Broekman will also assume an expanded role as Head of Sustainability to drive the Company’s commitment to achieve net-zero carbon emissions by 2050. In this capacity, Richard will lead development of the Company’s decarbonization strategies, which include partnering with its customers to implement sustainable aviation fuel (SAF) and carbon offsetting initiatives.
Mr. Broekman succeeds Michael T. Steen, who today assumes the role of President and Chief Executive Officer of Atlas Air Worldwide, as previously announced.
Since joining Atlas in 2004 as a Flight and Revenue Analyst, Mr. Broekman has served in roles with increasing responsibility. He joined the Commercial team in 2008 and has served as Senior Director of Commercial Development and Revenue Management, and Vice President, Commercial Development and Charter Sales. In 2018, he was named Senior Vice President, Global Sales and Commercial Development.
“Richard brings a strong personal commitment to our Company’s mission to be our customers’ first choice and most valued partner,” said Mr. Steen. “He is well-respected across the air cargo industry and brings extensive expertise across many facets of the business. Under his strong leadership, we look forward to continuing to serve our blue-chip roster of customers with the world class performance that defines Atlas.”
“I am very proud of the role we serve in the global supply chain, and am excited for the opportunity to build on our position as one of the world’s largest freighter operators,” said Mr. Broekman. “It is a great honor to lead this team as we partner with our customers to help them achieve their business goals and deliver on our shared commitments to sustainability and corporate citizenship.”
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations. Learn more about Atlas Air at www.atlasairworldwide.com.
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Report Highlights Company’s Progress in Fostering Economic and Social Progress While Safeguarding Environment
Purchase, NY, June 07, 2023 – Atlas Air Worldwide Holdings, Inc., a leading global provider of outsourced aircraft and aviation operating services, announced the release of its 2022 Environmental, Social and Governance (ESG) Report today.
Atlas’ fourth ESG report shares the Company’s sustainability and corporate responsibility progress over the past year across four critical areas of focus: Environmental Stewardship; Career, Culture & Equity for Our People; Social Impact & Community Engagement; and Responsible Business Growth.
“Atlas Air Worldwide is dedicated to living our commitment of ‘Caring for the World We Carry.’ This statement is more than a motto – it represents a promise we make to our customers, one another and all other stakeholders we engage with every day. And nowhere is this promise better exemplified than in the progress we have made on our ESG journey,” said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.
“We are proud of our work to implement meaningful environmental initiatives, develop a culture that attracts and retains the best and brightest employees, and support communities across the globe,” said Mr. Dietrich. “The progress showcased in this report is made possible because of the drive, innovation and dedication our Atlas team. Their commitment to creating meaningful change is laying the foundation for a sustainable future both inside and outside of Atlas.”
Key highlights from the 2022 ESG Report include:
Environmental Stewardship
Career, Culture & Equity for Our People
Social Impact & Community Engagement
Responsible Business Growth
To learn more about Atlas Air Worldwide’s ESG efforts, view the Company’s 2022 ESG Report.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
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West Lafayette, IN, May 9, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced that Purdue University has joined its University Pipeline Program for high demand roles within Atlas Air. Through the program, Atlas Air will recruit, train and hire qualified graduates of Purdue University, which currently has over 1,000 students participating in their aviation programs.
“We are excited to officially partner with Purdue University, a leader in aviation education,” said Patricia Goodwin-Peters, Senior Vice President, Human Resources for Atlas Air Worldwide. “We’ve had the pleasure of getting to know Purdue students through project development, and we are delighted to make this partnership official while developing the future talent pipeline for Atlas Air.”
Purdue University and Atlas Air partnered on various projects in the past, including a mutual project with Atlas Air’s Flight Operations team in 2022 and the National Aviation Symposium. Purdue University students have also visited Atlas Air’s state-of-the-art Global Control Center near Cincinnati/Northern Kentucky International Airport (CVG) and participated in the final delivery of the last B747-8F.
Placing Graduates in High-demand Positions
This program is designed to grow Atlas Air’s pipeline of qualified applicants for employment in high-demand positions and to increase employment opportunities for Purdue University graduates.
“We are very pleased to partner with Atlas Air in providing talented graduates to meet the growing demand for this sector of the aviation ecosystem, said Mike Suckow, Professor of Practice and Associate Head for Engagement. “We commend Atlas for their forward thinking and recognition that as a comprehensive university we develop talented individuals for Tech Ops and Ground Ops along with Flight Ops.”
Program Criteria
Candidates for the pipeline program must:
Pilot Pathway to Success Program
Graduates selected to take part in the Atlas Air Pathway to Success program will be granted preferential interviews with Atlas Air. To be considered, candidates must meet these and other criteria:
For complete details, and to determine eligibility, Purdue University students should contact Vicki Gilbert, Recruiting, Placement & Internship Coordinator, at vgilbert@purdue.edu.
About Purdue University
Purdue University is a top public research institution developing practical solutions to today’s toughest challenges. Ranked in each of the last five years as one of the 10 Most Innovative universities in the United States by U.S. News & World Report, Purdue delivers world-changing research and out-of-this-world discovery. Committed to hands-on and online, real-world learning, Purdue offers a transformative education to all. Committed to affordability and accessibility, Purdue has frozen tuition and most fees at 2012-13 levels, enabling more students than ever to graduate debt-free. See how Purdue never stops in the persistent pursuit of the next giant leap at https://stories.purdue.edu.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
CEO John W. Dietrich to Retire after Nearly 25 Years in Leadership Roles
CFO Spencer Schwartz to Retire after Nearly 15 Years with Atlas
Purchase, N.Y., May 4, 2023 – Atlas Air Worldwide (“Atlas” or “the Company”) announced today that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the Company, in line with the Company’s long-term succession plan, effective June 15, 2023. Mr. Steen succeeds John W. Dietrich, who is retiring from the Company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023.
Mr. Steen has more than 30 years of experience in aviation and logistics, including 16 years of executive leadership experience with Atlas. He has served as Chief Commercial Officer since 2007 and has been responsible for leading the Company’s strategy and growing market share, as well as developing and diversifying the Company’s roster of blue-chip customers. In addition to his role at Atlas, he currently serves on the Board of Directors at CHC Helicopters. A new chief commercial officer will be named following Mr. Steen’s appointment as CEO.
“Michael’s leadership experience, strong track record of innovation and success, and consistent focus on the company’s customer-centric mission makes him the ideal candidate to lead Atlas forward in its next phase of growth,” said David Siegel, Chairman of the Board. “On behalf of the Board, we look forward to working closely with Michael to execute on Atlas’ strategic growth plans and continuing to build on the Company’s strong commitment to safety, quality and service excellence.”
“I am thrilled by the opportunity to lead our incredible Atlas team as we design and execute our vision for growth and embark on new and exciting opportunities as a private company,” said Mr. Steen. “This is a transformative time for Atlas, and the continued support from Apollo, J.F. Lehman and Hill City will play an important role as we enhance our capabilities and deliver new solutions for our customers. I am grateful for John’s leadership, and look forward to building on this strong foundation of global success. I also thank Spencer for his partnership and contributions throughout his time with the Company.”
“We thank John for his leadership of the talented Atlas team and the significant contributions he’s made to build Atlas’ position as a global leader in airfreight. Under his leadership as CEO, Atlas navigated one of the most dynamic and challenging periods the aviation industry has ever faced, affirming the essential role Atlas serves in the global supply chain,” continued Mr. Siegel. “Additionally, we want to recognize Spencer for his stewardship of the Company’s financial strategy, helping to drive record earnings and supporting the Company’s growth and diversification.”
Mr. Dietrich’s retirement follows a highly accomplished career at Atlas, where he held numerous leadership roles since 1999. Through his tenure, the company has significantly expanded and diversified its service offerings, building from a single-gauge 747 ACMI (aircraft, crew, maintenance, insurance) cargo business to many gauges of aircraft, as well as the expansion into express, eCommerce, passenger service and aircraft leasing businesses. During this time, the Company also continued to expand its military business in both cargo and passenger sectors.
“I am immensely grateful for my time at Atlas over the last nearly 25 years, and proud of all that our exceptional team has achieved together,” said Mr. Dietrich. “Being part of Atlas’ growth and global expansion has been incredibly rewarding. I know that the Company is well positioned to further accelerate its growth and will continue to deliver value for all stakeholders under Michael’s capable leadership.”
Mr. Schwartz is retiring from the Company following a successful 35-year career in finance, including nearly 15 years at Atlas. Artem Gonopolskiy, Senior Vice President, Financial Planning and Analysis, will assume the role of interim CFO following Mr. Schwartz’s retirement as the Company conducts a formal search process for a permanent successor.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Atlas Air Worldwide’s press releases and other information may be accessed through the company’s home page, www.atlasairworldwide.com
Queens, New York, May 2, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced that Vaughn College has joined its University Pipeline Program for high demand roles within Atlas Air. Through the program, Atlas Air will recruit, train and hire qualified graduates of Vaughn College.
“Vaughn College has long been a strong partner for Atlas Air and we are fortunate to count hundreds of Vaughn graduates among our employees,” said Patricia Goodwin-Peters, Senior Vice President, Human Resources for Atlas Air Worldwide. “We are excited to officially partner with Vaughn College through our University Aviation Pipeline Program.”
Vaughn College and Atlas Air also share a common commitment to diversity. Vaughn serves a diverse student body of about 1,300 students who are 80% minority, consisting mostly of first-generation Americans and first-generation college students.
Placing Graduates in High-demand Positions
This program is designed to grow Atlas Air’s pipeline of qualified applicants for employment in high-demand positions and to increase employment opportunities for Vaughn College graduates.
“Vaughn is so pleased to deepen our partnership with Atlas Air and provide an expanded pipeline of talented, diverse graduates who want to contribute to the company’s success,” said Dr. Sharon DeVivo, President and Chief Executive Officer. “This is another example of Atlas’ commitment to developing, hiring and promoting aviation professionals and investing in our students – the next generation that will change the world.”
Program Criteria
Candidates for the pipeline program must:
Pilot Pathway to Success Program
Graduates selected to take part in the Atlas Air Pathway to Success program will be granted preferential interviews with Atlas Air. To be considered, candidates must meet these and other criteria:
For complete details, and to determine eligibility, Vaughn College students should contact Ron Ruggeri, Acting Aviation Coordinator for the Aviation Department and Instructor, Aviation Department
About Vaughn College
Founded in 1932, Vaughn College is a private, nonprofit four-year college that enrolls more than 1,200 students in master’s, bachelor’s and associate degree programs in engineering, technology, management and aviation on its main campus in New York City and online. The student-faculty ratio of 13 to 1 ensures a highly personalized learning environment. Ninety-two percent of Vaughn College graduates are placed in professional positions, 76 percent in a related field, or choose to continue their education within one year of graduation. The institution serves many first-generation college students and is recognized by the US Department of Education as a Hispanic-Serving Institution. In a study conducted by The Equality of Opportunity Project, and reported in The New York Times, Vaughn was ranked number one in upward mobility nationwide and recognized as a top college for social mobility by US News. For more information on Vaughn College, please visit www.vaughn.edu.
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Purchase, N.Y., April 18, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced that it has partnered with Kuehne+Nagel and SR Technics Group to introduce the “Sustainable Engine Alliance”. Representing a wide range of the aerospace industry, the Alliance pledges to set new industry standards for low-carbon aircraft engine supply chains in line with the Science Based Targets Initiative (SBTi).
The alliance members aim to reduce their collective environmental impact through networks for sustainable engine supply chains and a portfolio of sustainable services. Some of the first joint initiatives carried out by the alliance include the deployment of sustainable fuels, engine stand management solutions and a global digital interface for emission transparency, reduction and avoidance. The initiative is expected to reduce engine supply chain related scope 3 emissions ahead of the aerospace 2050 sustainability targets.
Erik Goedhart, SVP Global Head of Aerospace at Kuehne+Nagel, comments: “Collaboration is key to industry-wide improvements in aerospace sustainability. With the ‘Sustainable Engine Alliance’, we will set new standards for responsible sourcing and engine transportation, while creating further awareness within the industry to minimize environmental impact of engine supply chains jointly. I am confident that together with Atlas Air and SR Technics we will pave the way for future sustainability efforts in aerospace. And we invite other value chain companies to join us.”
Jean-Marc Lenz, Chief Executive Officer at SR Technics, states: “Sustainability is a strategic pillar of SR Technics’ organization and service portfolio. By extending the engine life cycle and delivering best-in-class on-wing performance, SR Technics contributes to the environmental impact of airline operations. We are very pleased to be joining with the leaders in this growing market, and we look forward to working with them to pilot this zero-emission journey together. With Kuehne+Nagel and Atlas Air, we have experienced partners on board who support our major cornerstone in our company development to sustainable growth in future.”
James Forbes, Executive Vice President and Chief Operating Officer of Atlas Air Worldwide, said: “We look forward to working with Kuehne+Nagel and SR Technics to accelerate decarbonization in our combined value chain. Through our partnership, we will be developing maintenance and supply chain best practices that will guide us well into the future and help us achieve our environmental stewardship goals.”
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., 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
About Kuehne+Nagel
With over 80,000 employees at almost 1,300 sites in close to 100 countries, the Kuehne+Nagel Group is one of the world’s leading logistics providers. It operates in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.
Purchase, N.Y., December 15, 2022 – Titan Aircraft Investments today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage this asset.
“We are delighted to welcome Georgian Airlines and appreciate their trust in Titan as we support their growing business,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.
“As we expand in the airfreight market, we are honored to partner with Titan Aircraft Investments to bring more air cargo capacity to the region with the addition of the 737-800 freighter. We look forward to a strong partnership with Titan’s excellent team as they help us meet market demand and capitalize on cargo flows between Asia and Europe,” said Irakli Mezvrishvili, General Director of Georgian Airlines LLC.
About Titan Aviation Holdings and Atlas Air Worldwide:
Titan Aviation Holdings is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.
Titan Aviation Holdings provides management services to the joint venture, including aircraft acquisitions, lease-management, passenger-to-freighter aircraft conversion oversight, technical expertise and disposal of aircraft.
About Georgian Airlines:
Georgian Airlines LLC (ICAO: IGT/IATA: GH) is a fast-growing and development-oriented company established in 2020. The cargo carrier commenced operations in February 2022. The operating range includes air cargo transportation by charter and regular flights across Europe, Baltics, Caucasus, Black Sea Region, the Middle East, Eastern, and Southern Asia. Currently, Georgian Airlines operates one 737-800BCF and one 737-800SF. With its headquarters in Georgia in the Caucasus and the Black Sea region, a key transit and trade corridor for Eurasian countries, Georgian Airlines supports the country’s potential to become an important hub for the aviation industry.
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Transaction Expected to Close in the First Quarter of 2023
Purchase, N.Y., November 29, 2022 – Atlas Air Worldwide (Nasdaq: AAWW) (“Atlas” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced that its shareholders voted to approve the Company’s pending acquisition by an investor group led by funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”, NYSE: APO), together with investment affiliates of J.F. Lehman & Company (“J.F. Lehman”) and Hill City Capital (“Hill City”) at its special meeting of shareholders held earlier today.
“We are pleased to receive overwhelming support from Atlas Air Worldwide shareholders, who recognize this transaction provides compelling value to them while giving us the opportunity to execute our strategic plan,” said John Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. “This is another step forward to completing the transaction as we advance our leadership in airfreight and deliver high-quality services to our customers around the world.”
As announced previously, the transaction was unanimously approved by the Atlas Board of Directors, which recommended that Atlas shareholders approve the transaction. Approximately 99.3% of the votes cast were voted in favor of the adoption of the merger agreement, which represented approximately 80.9% of the outstanding shares of Company common stock. The final voting results will be set forth in a Form 8-K filed by Atlas with the U.S. Securities and Exchange Commission.
The Company expects to complete the transaction in the first quarter of 2023, subject to customary closing conditions and receipt of regulatory approvals. Upon closing, Atlas Air Worldwide will become a privately held company and shares of Atlas Air Worldwide common stock will no longer be listed on the Nasdaq stock exchange.
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. 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 and 737 aircraft for domestic, regional and international cargo and passenger operations.
About Apollo
Apollo is a global, high-growth alternative asset manager. In the asset management business, Apollo seeks to provide its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, businesses it invests in, its team members, and the communities it impacts, to expand opportunity and achieve positive outcomes. As of September 30, 2022, Apollo had approximately $523 billion of assets under management. To learn more, please visit www.apollo.com.
About J.F. Lehman & Company
J.F. Lehman & Company is a private equity investment firm focused on the aerospace, defense, maritime and environmental sectors. This investment strategy reflects the firm’s deep experience in and commitment to these sectors since the firm’s founding three decades ago. Headquartered in New York, NY, the firm currently has approximately $3 billion of assets under management. To learn more, please visit www.jflpartners.com.
About Hill City Capital
Hill City Capital is an investment firm led by Chief Investment Officer Chip Frazier. With investment research focused primarily in Industrial, Aerospace and Transportation, Hill City’s investment strategy is characterized by a long-duration investment horizon, a rigorous fundamental investment process and active engagement with management. Hill City Capital was founded in 2019, with its principal place of business is Boston, MA.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, related to AAWW, Parent and the acquisition of AAWW by Parent that are subject to risks, uncertainties and other factors. AAWW intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Those statements are based on management’s beliefs, plans, expectations and assumptions, and on information currently available to management. Generally, the words “will,” “may,” “should,” “could,” “would,” “expect,” “anticipate,” “intend,” “plan,” “continue,” “believe,” “seek,” “project,” “estimate,” and similar expressions used in this communication that do not relate to historical facts are intended to identify forward-looking statements.
Such forward-looking statements speak only as of the date of this communication. They are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of AAWW and its subsidiaries that may cause the actual results of AAWW or its subsidiaries to be materially different from any future results, express or implied, in such forward-looking statements.
Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the risk that the proposed Merger may not be completed in a timely manner or at all; the possibility that any or all of the various conditions to the consummation of the proposed Merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); the possibility that competing offers or acquisition proposals for AAWW will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, including in circumstances which would require AAWW to pay a termination fee; the effect of the announcement, pendency of the proposed Merger on AAWW’s ability to attract, motivate or retain key executives, pilots and associates, its ability to maintain relationships with its customers, including Amazon.com, Inc., vendors, service providers and others with whom it does business, or its operating results and business generally; risks related to the proposed Merger diverting management’s attention from AAWW’s ongoing business operations; the risk of shareholder litigation in connection with the proposed Merger, including resulting expense or delay; and (i) any other risks discussed in AAWW’s annual report on Form 10-K for the fiscal year ended December 31, 2021 (the “Annual Report”) and AAWW’s subsequent quarterly reports on Form 10-Q (the “Quarterly Reports”) filed by AAWW with the SEC, and, in particular, the risk factors set forth under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report and the Quarterly Reports and (ii) other risk factors identified from time to time in other filings with the SEC. Filings with the SEC are available on the SEC’s website at http://www.sec.gov. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Other factors and assumptions not identified above may also affect the forward-looking statements, and these other factors and assumptions may also cause actual results to differ materially from those discussed.
AAWW assumes no obligation to update such statements contained in this communication to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law and expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.
Contacts
Atlas Air Worldwide
Eric Camadeco
Director, Investor Relations
InvestorRelations@atlasair.com
Dan Scorpio
Abernathy MacGregor for Atlas Air Worldwide
(646) 899-8118
dps@abmac.com
Apollo on behalf of the investor group
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
For investor inquiries regarding Apollo, please contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
* * *
First Aircraft for MSC’s New Air Cargo Solution
Purchase, N.Y., November 28, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 777-200 Freighter, which it will operate on behalf of its customer MSC Mediterranean Shipping Company SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement.
Representatives from Boeing, Atlas, and MSC participated in the ribbon cutting ceremony.
The 777-200 Freighter will complement MSC’s world-class container shipping solutions and expand service to key trade lanes for various industries, including those which traditionally have significant air cargo transportation needs. This aircraft is the first of four new Boeing 777 Freighters that Atlas will operate for MSC.
With an established history of twin-engine efficiency, reduced fuel consumption, and lower maintenance and operating costs, MSC enters the air cargo industry with the longest-range twin-engine freighter in the world, capable of flying 4,880 nautical miles (9,038 kilometers). The 777-200F also meets quota count standards for maximum accessibility to noise‑sensitive airports around the globe.
The first of four B777-200Fs for MSC takes to the skies.
“We are looking forward to this partnership with MSC, the world’s largest shipping company, as they enter into air cargo,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “We are pleased that all four of our newly acquired 777-200Fs are placed on a long-term basis with MSC, providing them with dedicated capacity to support their growth and expansion.”
“We are delighted to see the first of our MSC-branded aircraft take to the skies and we are looking forward to start serving the market with our new Air Cargo solution,” said Jannie Davel, Senior Vice President Air Cargo at MSC. “We believe that MSC Air Cargo is developing from a solid foundation thanks to the reliable ongoing support of our operating partner Atlas.”
About MSC:
Media Contact
Giles Broom
media@msc.com
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide with the MSC Group employing over 150,000 people. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC’s shipping line sails on more than 260 trade routes, calling at 520 ports.
For more information visit www.msc.com
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., 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 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.
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Aircraft is First of Two 747-8Fs Placed Under Long-Term Agreement with Kuehne+Nagel
The first of two 747-8Fs that Atlas Air will operate for Kuehne+Nagel
Purchase, N.Y., November 23, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced it has taken delivery of a Boeing 747-8 Freighter. This aircraft is the third of four new Boeing 747-8 Freighters Atlas Air ordered in January 2021 and is the first of two 747-8Fs Atlas Air will operate for its customer Kuehne+Nagel under a long-term agreement.
“This 747-8F delivery underscores the importance of our long-term strategic partnership with Kuehne+Nagel and our commitment to support their continued growth and expansion,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “We are pleased to provide their first dedicated aircraft which will proudly fly in a custom Kuehne+Nagel livery. The two 747-8Fs we will operate for Kuehne+Nagel will add more capacity and versatility for their network.”
Left to right: Brad McMullen, Senior Vice President of Sales Boeing – Kim Smith, Vice President and General Manager of the Boeing 747/767 Program – John Dietrich, President & CEO, Atlas Air Worldwide – Michael Steen, Executive Vice President & Chief Commercial Officer, Atlas Air Worldwide – Yngve Ruud, Executive Vice President Air Logistics at Kuehne+Nagel – Omar Molina, Director of Global Transportation, Google Devices and Services.
Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, said: “It is a very special moment for us to see Kuehne+Nagel 747-8F ‘Inspire.’ taking off. Together with the very last 747-8F that we named ‘Empower.’, these aircraft will support our customers with reliable and flexible solutions globally, continuing the legacy of the most incredible aviation programs in history. We are delighted to celebrate this with our partners Atlas Air and Boeing and looking forward to seeing our aircraft connecting the world.”
Atlas’ investment in these new aircraft underscores our ongoing commitment to environmental stewardship through the reduction of noise, aircraft emissions and resource consumption. With its advanced design and engines, the 747-8F offers a 16% improvement in fuel use and CO2 emissions per tonne and a 30% smaller noise footprint compared to the previous generation of aircraft.
The 747-8F offers unique nose-loading capabilities.
“With Atlas Air taking delivery of the final 747s for its customer Kuehne+Nagel, this iconic Boeing airplane will continue to move cargo around the world for decades to come,” said Kim Smith, Vice President and General Manager of the Boeing 747/767 Program. “As we say goodbye to the ‘Queen of the Skies’, we’re proud of her legacy as an airplane that propelled aviation innovation and later laid the foundation of our family of freighters.
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., 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 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.
About Kuehne+Nagel:
With more than 79,000 employees at over 1,300 sites in over 100 countries, the Kuehne+Nagel Group is one of the world’s leading logistics providers. It operates in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.
* * *
Purchase, N.Y., November 7, 2022 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that the United States Air Force (USAF) has extended its agreement with Atlas Air to train pilots and flight engineers for Air Force One.
Under the five-year extension of the agreement, which Atlas Air has held since 2007, crews for the Air Force’s VC-25, a modified version of the Boeing 747-200, will receive ground and flight-simulator training at Atlas Air’s world-class training center in Miami, Florida. “Air Force One,” the designated call sign of the aircraft when the President is on board, consists of two specially configured Boeing 747-200B aircraft.
“It is an honor to continue to provide this critical training to the pilots and crews of Air Force One and the Presidential Airlift Group,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “Atlas Air’s partnership with the USAF is a source of tremendous pride for all of us. We are privileged to be entrusted to meet the high standards for safety, professionalism, efficiency and security that this contract demands.”
The past four U.S. presidents have been flown to locations throughout the world by Atlas-trained pilots and flight engineers who received their 747 certification from Atlas Air.
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., 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 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:
Investors – InvestorRelations@atlasair.com
Media – CorpCommunications@atlasair.com
Purchase, N.Y., October 4, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 747-8 Freighter. As previously announced, this is the second of four new 747-8 Freighters ordered by Atlas Air in 2021. These are the last 747-8 Freighters ever to be produced by Boeing.
The 747-8F is the most capable, technologically advanced and environmentally friendly widebody freighter, providing 20% higher payload capacity and 16% lower fuel consumption than the very capable 747-400F.
This aircraft has been placed under a long-term agreement with an existing customer.
“We are pleased to receive this additional 747-8F, and to add more capacity and value to our customers,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “Atlas’ investment in these new aircraft underscores our commitment to environmental stewardship through the reduction of aircraft emissions, resource consumption and noise.”
The iconic Boeing 747 program has been in operation for over 50 years and these aircraft will continue to play a critical role in keeping global supply chains moving for decades to come. The 747-8 is the only factory-built freighter with nose-loading capability in production, which will serve the long-term needs of the airfreight market.
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., 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 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:
Investors – InvestorRelations@atlasair.com
Media – CorpCommunications@atlasair.com
* * *
Purchase, N.Y., September 12, 2022 – Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, today announced the placement of three 767-300ER converted freighters on long-term dry leases with Ethiopian Airlines Group.
“We are delighted to welcome Ethiopian Airlines as a strategic customer and support its growing freighter fleet,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide. “We are honored that Ethiopian Airlines recognizes our industry and technical expertise and has placed its trust in Titan.”
Ethiopian Airlines is expected to take delivery of the first of these aircraft later this month, with the second delivery planned for later this year, and the third aircraft planned for 2023.
The addition of these three aircraft brings Titan Aircraft Investments’ freighter fleet to 10 aircraft, five of which are Boeing 767 converted freighters.
Ethiopian Airlines Group CEO Mesfin Tasew said: “This dry lease agreement will be fundamental to our fast growing cargo operation as Ethiopian is a key global player in the air cargo business. We are glad about the partnership with Titan Aircraft Investments to enhance our capacity with three more B767 converted aircraft in addition to the existing nine widebody freighters and four B737 converted aircraft.”
About Titan Aviation Holdings and Titan Aircraft Investments Ltd.:
Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide, is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment. Since its inception in 2009, Titan has grown to become the third largest freighter lessor globally by fleet value, owning and/or managing 33 aircraft on lease to customers worldwide with a book value of over $1.5 billion.
Titan Aircraft Investments Ltd. is a long-term joint venture Titan Aviation Holdings entered into with Bain Capital Credit, LP to develop a diversified freighter aircraft Dry Leasing portfolio that aims to capitalize on demand for cargo aircraft, underpinned by robust e-commerce and express market growth. Under the joint venture, Bain Capital and Titan have committed to provide $360.0 million and $40.0 million of equity capital, respectively, which may be supplemented with additional commitments over time, to acquire aircraft over the next several years with an anticipated portfolio value of approximately $1.0 billion. Titan Aviation Holdings provides management services to the joint venture, including aircraft acquisitions, lease-management, passenger-to-freighter aircraft conversion oversight, technical expertise and disposal of aircraft.
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., 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 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.
About Ethiopian Airlines:
Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy-five years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success. Ethiopian commands the lion’s share of the Pan African passenger and cargo network operating the youngest and most modern fleet to more than 130 international passenger and cargo destinations across five continents. Ethiopian’s fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Dash 8-400 double cabin with an average fleet age of seven years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with Seven business units: Ethiopian International Services; Ethiopian Cargo & Logistics Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian ADD Hub Ground Services, Ethiopian Airports Services and Ethiopian Express Services (Domestic). Ethiopian is a multi-award-winning airline registering an average growth of 25% in the seven years prior to the COVID-19 pandemic. For additional information, please visit www.ethiopianairlines.com
* *
Dedicated Aircraft Underscores Partnership with Cainiao
Purchase, N.Y., June 2, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 747-8 freighter, which will operate on behalf of its customer Cainiao, the logistics arm of Alibaba Group, as part of a previously announced long-term agreement. The aircraft will increase capacity on routes between China and the Americas. This aircraft is the first of four new 747-8 freighters that Atlas expects to receive from Boeing this year.
The first of four set to be delivered to Atlas Air
The addition of this 747-8F expands service for Cainiao between China, the United States, Brazil and Chile aboard the most capable, technologically advanced and environmentally-friendly widebody freighter, providing 20% higher payload capacity and 16% lower fuel consumption than the very capable 747-400F.
As previously announced, Atlas’s investment in these new aircraft underscores its commitment to environmental stewardship through the reduction of aircraft emissions, resource consumption and noise. The iconic Boeing 747 program has been in operation for over 50 years and will continue to play a critical role in keeping global supply chains moving for decades to come. The 747-8 is the only factory-built freighter with nose-loading capability in production, which will serve the long-term needs of the airfreight market.
“These four new 747-8s allow us to offer our customers significant growth opportunities to capitalize on strong demand and deliver value on what we consider among the best and most versatile widebody freighters in the market,” said Michael T. Steen, Executive Vice President and Chief Commercial Officer, Atlas Air Worldwide. “We are pleased that the first of our new 747s will be placed on a long-term basis with Cainiao, as they continue strengthening their presence as a global e-Commerce logistics leader, and we look forward to continue supporting their growth and expansion.”
Dandy Zhang, Commercial Director of Cainiao’s Cross-border business said: “As a global smart logistics company, Cainiao has been consistently enhancing our logistics services to satisfy the booming demand for e-Commerce in the Americas. We have been operating daily chartered flights linking China and the Americas since last year, in partnership with Atlas Air, and now we are excited to embrace the new 747-8 freighter as a token of commitment to serve our global customers with sustainable and efficient logistics.”
About Cainiao Network:
Media Contact
Jin Wu
Founded in 2013, Cainiao Network (“Cainiao”) is a smart logistics company and the logistics arm of Alibaba Group. As part of its commitment to create customer value, it adopts a collaborative approach to logistics that aims to improve efficiency and customer experience for all players along the supply chain. It carries forward Alibaba’s mission of making it easy to do business anywhere by aiming to deliver anywhere in China within 24 hours, and across the globe within 72 hours. For more information, please visit https://www.cainiao.com/en/index.html
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., 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 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:
Investors – InvestorRelations@atlasair.com
Media – CorpCommunications@atlasair.com
* * *
Purchase, N.Y., May 31, 2022 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced that Walter G. Borst, Raymond L. Conner and George A. Willis were elected to the Company’s Board of Directors at its Annual Meeting of Shareholders. Board members Timothy J. Bernlohr, Carol B. Hallett and John K. Wulff announced their retirements. These changes are effective immediately. The total number of Board members remains consistent at ten.
“We are delighted to welcome Walter, Ray and George to Atlas Air Worldwide’s Board of Directors,” said Board Chairman General Duncan McNabb. “They each bring deep experience as Atlas strengthens its position as a global aviation leader and we will benefit enormously from their expertise and insight.”
Newly-Elected Directors
Mr. Borst is an accomplished business leader and has extensive experience in finance, accounting and risk management. He has had a distinguished career serving as Executive Vice President and Chief Financial Officer of Navistar International Corp., Chairman, Chief Executive Officer and President of General Motors Asset Management, Vice President and Treasurer of General Motors Company, as well as a number of other positions of increasing responsibility within General Motors Company.
Mr. Conner brings over 40 years of global leadership experience in the airline industry. He is former Vice Chairman of The Boeing Company and retired as President and Chief Executive Officer of Boeing Commercial Airplanes. Leading up to that appointment, Mr. Conner served in roles of increasing responsibility, including Vice President and General Manager of the 777 program, Vice President of Sales for the Americas, Vice President and General Manager of Supply Chain Management and Operations, and Vice President Sales, Marketing and Commercial Aviation Services.
Mr. Willis has substantial global and logistics experience, as he joins the Atlas Board following a 36-year career with United Parcel Service (UPS) where he served in several executive leadership positions. In his most recent role as President of U.S. Operations, he was responsible for all package delivery services as well as UPS Airlines. Prior to that role, he served as UPS President, West Region, and as UPS President for the U.K., Ireland and Nordics Region, and Vice President of U.S. Operations and Senior Vice President of UPS Store Franchise.
Retiring Directors
Mr. Bernlohr is retiring from the Board of Directors after 16 years of service to Atlas. He served as President and Chief Executive Officer of RBX Industries, Inc., in several key leadership positions in the International and Industry Products divisions of Armstrong World Industries, founder and as managing member of TJB Management Consulting, LLC, as well as Chairman of the Board of Skyline Champion Corporation and Lead Director of Chemtura Corporation.
Ms. Hallett, who has served on the Atlas Board of Directors since 2006, has worked in both public and private sectors as United States Ambassador to the Commonwealth of the Bahamas and Commissioner of the United States Customs Service, President and Chief Executive Officer of the Air Transport Association of America (ATA), counsel at the U.S. Chamber of Commerce, a member of the U.S. Chamber Foundation Board of Directors, senior government relations advisor with Collier, Shannon, Rill & Scott, and chair of Homeland Security at Carmen Group, Inc.
Mr. Wulff, who joined the Atlas Board of Directors in 2016, has had a distinguished career, having served as Chief Financial Officer of Union Carbide Corporation, Chairman of the Board of Directors of Hercules Inc., and partner of KPMG LLP.
“The contributions of Tim, Carol and John have shaped Atlas into the leader in aviation outsourcing it is today,” said General McNabb. “Their passion for the Company, its mission and its people have been instrumental to Atlas Air Worldwide’s success. We thank them for their dedication.”
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, 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 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:
Investors – InvestorRelations@atlasair.com
Media – CorpCommunications@atlasair.com
DAYTONA BEACH, Florida, May 19, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has launched its Pathway to Success Program for pilots with Embry-Riddle Aeronautical University.
Embry-Riddle is the first school to participate in the program through which Atlas Air will recruit, train and hire qualified graduates of Embry-Riddle’s Daytona Beach, Florida Aeronautical Science degree program.
“We are excited to partner with Embry-Riddle Aeronautical University, a leader in aviation education, through our Pathway to Success program for pilots,” said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. “Atlas Air will further enhance our stellar workforce by recruiting highly qualified pilots directly from Embry-Riddle. Those students will have first access to join our talented team at Atlas Air and fly our formidable fleet around the world on behalf of our highly diversified customers.”
Placing Graduates in Rewarding Careers
This program is designed to place highly trained aviators into professional positions.
“A key goal at Embry-Riddle is to help graduates secure meaningful, well-paying jobs,” said Dr. Alan Stolzer, dean of the College of Aviation at Embry-Riddle’s Daytona Beach, Florida campus. “We also strive to support the industry by preparing skilled aviators who are exceptional decision makers. Embry-Riddle’s agreement with Atlas Air is well aligned with both of those objectives. It is a win-win for our graduates and for the aviation industry.”
Dr. Ken Byrnes, chair of the Flight Department at Embry-Riddle’s Daytona Beach Campus said, “The new agreement with Atlas Air will provide students with an exciting opportunity to work for a literal giant in the aviation industry. Because Atlas Air operates a large Boeing fleet, including 747, 777, 767 and 737 aircraft, students who are hired by the company will have opportunities to fly cargo as well as passenger missions, both domestically and internationally.”
Captain Jeff Carlson, Senior Vice President of Flight Operations at Atlas Air and a graduate of Embry-Riddle, said First Officer trainees in Atlas Air’s Pathway to Success program enjoy benefits including a monthly stipend, medical benefits, 401k, required courses and check rides.
“Pilots who successfully complete our comprehensive training program are eligible to fly our widebody fleet throughout our global network, depending on their credentials, as they build their careers with Atlas Air,” said Captain Carlson.
Program Criteria
Embry-Riddle graduates selected to take part in the Atlas Air Pathway to Success program will be granted preferential interviews with Atlas Air. To be considered, candidates must meet these and other criteria:
A video introduction and letter of recommendation are among the program’s other requirements. For complete details, and to determine eligibility, Embry-Riddle students should contact Lauren Burmester in Career Services, lauren.burmester@erau.edu.
About Embry-Riddle Aeronautical University
Reporters worldwide contact Embry-Riddle Aeronautical University for content experts in all aspects of aviation, aviation business, aerospace, engineering and STEM-related fields. Our faculty experts specialize in unmanned and autonomous systems, security and intelligence, air traffic and airport management, astronomy, human factors psychology, meteorology, spaceflight operations, urban air mobility and much more. Visit the Embry-Riddle Newsroom for story ideas.
Embry-Riddle educates 32,500+ students at its residential campuses in Daytona Beach, Florida and Prescott, Arizona, at approximately 110 Worldwide Campus locations and through online degree programs. U.S. News & World Report has named Embry-Riddle Worldwide the nation’s No. 1 provider of online bachelor’s degree programs.
Media Contact:
Ginger Pinholster, Vice President, Communications, Embry-Riddle, (386) 226-4811; virginia.pinholster@erau.edu
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., 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 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.
Media Contact:
