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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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.
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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 21, 2022 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the third quarter that ended September 30, 2022, prior to the opening of stock market trading on Thursday, November 3.
As previously announced on August 4, 2022, Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo Global Management, Inc., together with investment affiliates of J.F. Lehman & Company, LLC and Hill City Capital LP. In light of this pending acquisition, Atlas Air Worldwide will not hold an earnings conference call.
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
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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
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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
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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
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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:
