White Plains, N.Y., January 25, 2024 – Atlas Air Worldwide Holdings, Inc. (“Atlas” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced the appointment of Joel Goldberg as Senior Vice President and Chief Information Officer, effective February 26, 2024. Mr. Goldberg will report to Michael Steen, Chief Executive Officer, Atlas Air Worldwide, and will serve as a member of the Company’s Executive Leadership Team.
Mr. Goldberg brings to Atlas nearly three decades of experience leading digital transformation initiatives at global blue-chip companies within the aviation, logistics and consumer industries. As Chief Information Officer, Mr. Goldberg will lead Atlas’ technology and digital strategies with a focus on enhancing airline operations support and digital transformation. He will be responsible for the Company’s enterprise operations, infrastructure architecture, system and data architecture, cybersecurity, business service management, project management, information technology administration and compliance.
“I’m thrilled to welcome Joel to lead our IT organization at such an exciting time of our Company’s transformation. Joel’s focus on leading the vision for our digital strategy, as well as continuing to deliver operational excellence, will be critical as we prepare for our next phase of growth,” said Mr. Steen, Chief Executive Officer, Atlas Air Worldwide. “Joel brings a customer-centric mindset and proven track record for delivering a digital-first approach to serving customers and powering core operations. With his significant experience leading large, complex digital transformations across the aviation and logistics sectors, Joel will be a tremendous asset to our executive team.”
“I am excited to join Atlas Air Worldwide, the recognized leader in air cargo and aviation services, at this pivotal moment in the Company’s journey,” said Mr. Goldberg. “Great work is well underway at Atlas, and I look forward to working with the team to accelerate the Company’s digital transformation. IT will be a critical enabler of the Company’s growth, and we have a tremendous opportunity to further leverage data, automation, and AI, and launch initiatives to best serve Atlas’ customers and employees.”
Mr. Goldberg joins Atlas from Wizz Air, a fast growing, sustainably driven passenger airline in Europe, where he served as Global Chief Digital Officer for five years. In his prior role, Mr. Goldberg defined and led the digital strategy including successfully executing the airline’s digital transformation.
Prior to Wizz Air, Mr. Goldberg was Senior Director of Technology for Nike in EMEA, where he evolved and executed the company’s global technology strategy that fueled double-digit growth of the region’s business. He also held a series of roles of increasing responsibility at Maersk, the integrated container logistics and supply services company, including Director of E-Business and Global Director of Business Applications. In addition, Mr. Goldberg served as Chief Information Officer at G4S, a leading global security company, and earlier in his career, held roles at DHL Express and FedEx.
Mr. Goldberg holds a Master of Business Administration from Indiana University and a Bachelor of Science in Engineering from the University of Florida.
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 is the Fourth 777F to be Operated for MSC Air Cargo
White Plains, N.Y., January 11, 2024 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., announced it has taken delivery of a Boeing 777 Freighter, which it will operate on behalf of its customer MSC Mediterranean Shipping Company SA. Under the previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement, Atlas Air is now operating four 777 Freighters on a global basis for MSC, enabling MSC to expand its reach and capacity for its customers. The inaugural 777F was delivered in November 2022, with the second and third 777Fs being delivered in July and November 2023, respectively.
This aircraft will complement the existing weekly service, including a route from Hong Kong (HKG) to Dallas/Fort Worth (DFW).
“The delivery of this fourth 777 Freighter that we are operating for MSC marks an incredibly exciting milestone of our long-term strategic partnership,” said Richard Broekman, Chief Commercial Officer and Head of Sustainability, Atlas Air Worldwide. “We value our partnership and look forward to building upon our relationship with MSC as the company continues to grow its air cargo solution for its customers.”
“This latest 777 Freighter delivery represents a pivotal moment and significant milestone for our company as it marks the completion of our first set of aircrafts in partnership with Atlas Air. This new and enhanced fleet will empower us to elevate our offering, ensuring enhanced support for our valued clients and a stronger presence in the market” said Anders Matikka, Vice President, Air Cargo, MSC.
The 777 Freighter is the longest range and most capable twin-engine freighter flying, known for its high reliability, fuel efficiency and lower maintenance and operating costs. It has a range of 4,970 nautical miles (9,200 km) and a maximum structural payload of 235,900 pounds (107 tonnes). The 777 Freighter also meets quota count standards for maximum accessibility to noise‑sensitive airports around the globe.
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 almost 200,000 employees. With access to an integrated network of road, rail, air, 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 300 trade routes, calling at over 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.
Becomes the First Historically Black College or University to Join the Program
December 7, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced Delaware State University (DSU) has joined its University Pathway Program for pilots. Through this program, Atlas Air will recruit, hire and train qualified graduates of DSU to fill high-demand careers for the next generation of pilots.
Founded in 1891, DSU is one of the nation’s premier Historically Black Colleges and Universities (HBCU) with a rich history of cultivating top-tiered talent. The university’s aviation program is dedicated to setting the highest standards in aviation education and related training, aiming to nurture highly accomplished aviation professionals with a global perspective. This mission aligns seamlessly with Atlas Air’s commitment to growing a diverse and highly skilled talent pipeline.
“Deepening our relationships with HBCUs is an important component of our recruiting and talent strategy, enabling us to raise awareness of Atlas Air as an employer of choice for an increasingly diverse population of students for our highly competitive pilot careers,” said Patricia Goodwin-Peters, Senior Vice President of Human Resources at Atlas Air Worldwide.
“I want to thank Atlas Air for pursuing this relationship with Delaware State University and specifically our Aviation Program. This partnership agreement allows Atlas Air to recruit DSU graduates as pilots flying cargo aircraft, at the beginning of their careers,” said Michael Hales, Director of Aviation Programs at Delaware State University. “This is an unprecedented level of partnership between a major cargo air carrier with this University.”
Program Criteria
Delaware State University graduates selected to take part in the program will be granted preferential interviews with Atlas Air. To be considered, candidates must meet these and other criteria:
Candidates will also need to submit an application, resume and introduction detailing their aviation journey and career aspirations. For complete details, and to determine eligibility, DSU students should contact LTC (R) Michael Hales, Director of Aviation Programs.
About Delaware State University:
Delaware State University was founded in 1891 and is accredited by the Middle States Commission on Higher Education. Its main location is in Dover, yet DSU offers courses throughout the state of Delaware.
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.
Repsol, a multi-energy company committed to leading the energy transition, today announced that it has begun supplying sustainable aviation fuel (SAF) to Atlas Air for use in all its flights with its customer Inditex from Zaragoza Airport (Spain). Beginning in November, Atlas Air is initially incorporating 5% SAF in all its flights.
The agreement makes New York-based Atlas Air the first cargo airline to use SAF regularly on its cargo flights in Spain, marking a new milestone in the airline sector. The initiative is in line with the companies’ commitments to achieve their respective carbon footprint reduction goals, and also positions them to comply with anticipated compliance measures included in the ReFuelEU Aviation regulations that require use of 2% renewable fuels in 2025, 6% in 2030 and 70% in 2050, respectively.
“With this agreement, we take another step in the decarbonization of aviation. We show that SAF is the future, but also the present. With the upcoming launch of our new advanced biofuels plant in Cartagena (Spain), we are ready to supply the sector with the SAF it needs to realize its decarbonization ambitions,” said Óliver Fernández, Director of International Aviation at Repsol.
“We are committed to contributing to the sustainability of the aviation sector and appreciate this opportunity to work with our valued partners at Inditex and Repsol,” said Richard Broekman, Chief Commercial Officer and Head of Sustainability for Atlas Air Worldwide. “It is critical for our sector to work together in driving wider adoption and availability of SAF, which ultimately will have a positive impact on our industry and the environment.”
The agreement also aims to enhance local SAF production, both in terms of refinery capacity and in the sourcing of nearby raw materials, with the goal of reducing greenhouse gas emissions from the aviation sector. Aena, responsible for the management of the Zaragoza Airport, participates proactively in the promotion and integration of sustainable aviation fuels (SAF) to promote their production and encourage their consumption.
Repsol is a pioneer in the manufacture of renewable fuels for all types of transport in Spain. It has been manufacturing biofuels in its industrial complexes for 25 years and already has more than 30 service stations in the Iberian Peninsula that supply 100% renewable fuels to its customers. Renewable fuels are an alternative now available for all transport segments and represent the main solution for aviation, maritime transport, and heavy road transport that do not currently have a viable alternative in electrification.
In the next weeks, Repsol will start up its first plant dedicated exclusively to the production of advanced biofuels in the Iberian Peninsula and one of the first plants of its kind in Europe at its industrial complex in Cartagena (Spain). Repsol has invested more than 200 million euros in the construction of the plant. It will have a production capacity of 250,000 tons of SAF and renewable diesel per year, produced from various types of residues, mainly used cooking oil and waste from the agri-food industry, and will reduce 900,000 tons of CO2 per year.
In 2022, total SAF production worldwide was 240,000 tons, according to the IATA. In 2025, approximately 120,000 tons will be needed in Spain to cover the 2% obligation of RefuelEU Aviation. Production of the new plant will be able to cover all the SAF demand in the Iberian Peninsula, complying with the obligation until the European mandate rises to 3%.
About Repsol
Repsol is a global multi-energy company that leads the energy transition and has set itself the goal of being zero net emissions by 2050. It is present throughout the energy value chain, employs 24,000 people, distributes its products in more than 90 countries and has 24 million customers. To achieve net zero emissions by 2050, Repsol is committed to a model that integrates all technologies for decarbonisation, based on improving efficiency, increasing its renewable electricity generation capacity, producing renewable fuels, developing of new solutions for customers, the circular economy, and the promotion of cutting-edge projects to reduce the carbon footprint of the industry.
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 Inditex
Inditex is one of the world’s largest fashion retailers -with brands as Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home-, operating in more than 200 markets through its online platform and stores. Its integrated business model is focused on meeting customer demands through a quality fashion proposition and a unique customer experience. Inditex’s logistics model prioritizes maritime and road transport – which represents the majority of its routes -, reserving air transport only for intercontinental distances. The Group is firmly committed to sustainability, with the ambitious goal of achieving net zero emissions by 2040.
Press contacts
Repsol
Communication and Brand Division
Tel. +34 91 753 87 87
Atlas Air
Media – CorpCommunications@AtlasAir.com
Aircraft is the Third 777F to be Operated for MSC’s Air Cargo Solution
Purchase, N.Y., November 30, 2023 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., today announced it has taken delivery of a Boeing 777 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.
This is the third of four Boeing 777 Freighters that Atlas Air will operate for MSC, which will complement the existing weekly service and add an additional route from Hong Kong (HKG) to Dallas/Fort Worth (DFW). The fourth aircraft is expected to be delivered later this year.
“The delivery of this new 777 Freighter is a proud moment for Atlas and testament to our long-term strategic partnership with MSC,” said Richard Broekman, Chief Commercial Officer and Head of Sustainability, Atlas Air Worldwide. “We are proud to support the ongoing expansion of MSC’s air cargo solution by providing additional speed, flexibility and reliability to their existing network. We look forward to this third 777 Freighter entering into service for MSC, and will welcome the arrival of the fourth later this year.”
“This latest 777 Freighter delivery accounts for a strategic addition to our MSC Air Cargo fleet, enabling us to address the market’s constantly changing demands and reinforcing our commitment to enhancing trade connections for our clients. We are driven by innovation and bound to keeping up with digital transformation while offering air freight of top-quality services worldwide,” said Jannie Davel, Senior Vice President, Air Cargo, MSC.
MSC enters the air cargo industry with the longest range and most capable twin-engine freighter flying, known for its high reliability, fuel efficiency and lower maintenance and operating costs. The 777 Freighter has a range of 4,970 nautical miles (9,200 km) and a maximum structural payload of 235,900 pounds (107 tonnes). The 777 Freighter also meets quota count standards for maximum accessibility to noise‑sensitive airports around the globe.
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 over 180,000 employees. 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 300 trade routes, calling at over 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.
Invests in Modern, Fuel-Efficient Aircraft to Serve Long-Term Airfreight Demand Growth
Purchase, N.Y., November 28, 2023 – Atlas Air Worldwide Inc. (“Atlas” or the “Company”), today announced it has ordered two new Boeing 777 Freighters driven by ongoing strong customer demand for dedicated large widebody airfreight capacity, particularly for cross border e-Commerce shipping.
Boeing 777-200LRF
The two new 777 Freighters, which were booked earlier this quarter, are expected to be delivered in the second half of 2024. This strategic investment underscores the Company’s commitment to growing its 777F platform, and for providing leading-edge aircraft and service offerings to its customers, as well as creating more long-haul flying opportunities for its pilots.
As previously announced, the Company most recently ordered four 777 Freighters in 2021, which are placed on a long-term ACMI (aircraft, crew, maintenance, insurance) agreement with MSC Mediterranean Shipping Company SA. Three of these aircraft have been delivered, with the fourth 777 expected to be delivered in December 2023.
“We are excited to add these aircraft to our leading world-class fleet. These come at a time when retirements of older widebody freighters will significantly increase and when the introduction of new widebody freighter capacity will be limited. We have a deep pipeline of prospective customers interested in these 777 Freighters, and we’re confident in our ability to place them under long-term agreements,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide.
Mr. Steen added: “We have a strong and resilient business model that is highly diversified, with strong support from our investment partners, which combined with our unique market position will allow us to deliver our strategic growth plan.
This investment is consistent with our disciplined approach to capital allocation and meets our strict return guidelines for investing in aircraft. We anticipate this transaction will drive strong earnings and cash flow for Atlas, while providing value to our customers.”
The investment also serves as a testament to Atlas’ commitment to environmental stewardship. These new 777 Freighters – the highest payload and longest-range twin-engine freighter – deliver high reliability with less fuel use, a reduction of emissions, and a smaller noise footprint.
“We value our long-standing relationship with Atlas Air as the carrier expands its fleet and strengthens its position as one of the world’s leading air cargo operators,” said Brad McMullen, Boeing Senior Vice President of Commercial Sales and Marketing. “The best-selling 777 Freighter is one of the most capable twin-engine freighters flying, and provides Atlas with the capacity, fuel efficiency and operational flexibility to move cargo and goods for its customers.”
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., November 27, 2023 – Atlas Air Worldwide Holdings, Inc. (“Atlas” or the “Company”) today announced that Artem Gonopolskiy has been appointed Executive Vice President, Chief Financial Officer of the Company, effective December 1, 2023. Mr. Gonopolskiy has been with Atlas for more than 18 years, and has served as the interim Chief Financial Officer of the Company since June 15, 2023.
Mr. Gonopolskiy will lead all aspects of the Company’s finance functions, including strategic financial planning, accounting, reporting, internal audit, tax, treasury and investor relations and will continue to report to Michael Steen, Atlas Chief Executive Officer.
“I’m delighted to see Artem stepping into this critical role as he has an unparalleled depth of knowledge of our business, and is uniquely positioned to build our financial strength and execute on our strategy,” said Mr. Steen. “Artem has been an integral member of our leadership team and has played a critical role in the Company’s execution of key transactions throughout his tenure at Atlas.”
“Most recently, Artem has been instrumental in driving the transformation of Atlas as a private Company. We believe his commitment to delivering for our customers and stakeholders will add significant value to the Company going forward. I look forward to continuing to work with Artem to drive the Company’s growth and success.”
David Siegel, Chairman of the Atlas Board of Directors, added, “The Board has great confidence that Artem is the right executive to lead Atlas’ financial function and execute on the Company’s business initiatives.”
“I’m thrilled to have the opportunity to continue leading Atlas’ finance organization,” said Mr. Gonopolskiy. “Our teams at Atlas are driven by the utmost integrity and commitment to our customers and our Company, and I am proud to serve alongside my colleagues as we progress on our transformation journey.”
Mr. Gonopolskiy joined Atlas in 2005 as a Senior Financial Analyst and rose through a series of positions of increasing responsibility within the Company’s finance organization. He was Senior Vice President, Financial Planning and Analysis before being named Interim CFO in June 2023. Prior to joining Atlas, Mr. Gonopolskiy served as an analyst with ICF Consulting for several years, and was a Consultant with the United Nations Environment Programme Finance Initiative.
Mr. Gonopolskiy holds a bachelor’s degree in economics from Trinity College and an MBA from Columbia University.
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.
Company Continues its Commitment to New York State with $4 Million Investment in Newly-Leased Headquarters
Atlas Air’s New Headquarters in White Plains, NY
Purchase, N.Y., October 19, 2023 – Atlas Air Worldwide [“Atlas” or the “Company”], a leading global provider of outsourced aircraft and aviation operating services, today announced that its new corporate headquarters will be located in White Plains, New York, signifying the Company’s ongoing commitment to operations within New York State.
Atlas commits to retaining 400 existing, full-time permanent jobs in New York at its newly-leased 60,000 square foot space in White Plains, New York, where the Company is investing $4 million in tenant improvements, including new equipment, IT, and security. The Company expects to move from its current headquarters in Purchase, New York in January 2024. In exchange for retaining 400 full time jobs over a period of five years and $4 million in investment, Empire State Development has awarded Atlas a $2 million capital grant.
“Atlas is excited to continue our ties to New York, which is an important part of our global network as we support our customers around the world,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide. “Continuing our presence in New York guarantees our access to the top talent critical to our operations. New York has served Atlas and our employees well as we’ve grown into one of the largest cargo carriers in the world. We are thankful to Senator Schumer and Empire State Development for working with us through this process and for their commitment to our relationship.”
“White Plains get ready for takeoff—because Atlas Air Worldwide’s new corporate headquarters is landing right here,” said Senator Schumer. “I am pleased that Atlas will continue operation of its headquarters here in New York, which will create good paying local jobs and boost the economy. Atlas’ ongoing commitment to the Hudson Valley will help our region continue to soar as home to one of the largest cargo carriers in the world.”
Empire State Development President, CEO and Commissioner Hope Knight said, “Atlas Air has a long history of job creation and economic growth in this state and we are pleased to support their transition to White Plains and more importantly, their continued commitment to New York. We look forward to continued growth and investment into the Mid-Hudson Region well into the future.”
Atlas has maintained headquarters in New York since 2000. Additionally, the Company employs 265 people based at John F. Kennedy International Airport (JFK) in Queens, New York.
In addition to its New York headquarters, Atlas maintains its Global Operations Center near the Cincinnati/Northern Kentucky International Airport (CVG) in Erlanger, Kentucky; a training center in Miami, Florida; operations centers in Anchorage, Alaska and Hong Kong; and key logistics centers around the world to support its global network.
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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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
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