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Atlas Air Worldwide Senior Vice President, General Counsel and Chief Human Resources Officer Adam R. Kokas Named Chairman of the Cargo Airline Association

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Atlas Air Worldwide Senior Vice President, General Counsel and Chief Human Resources Officer Adam R. Kokas Named Chairman of the Cargo Airline Association

Wednesday, June 29, 2011 --   Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today confirmed that Adam R. Kokas, Senior Vice President, General Counsel, Chief Human Resources Officer and Secretary, has been named Chairman of the Board of Directors of the Cargo Airline Association. Mr. Kokas succeeds Robert Gray, Vice President, Flight Operations of ABX Air, who has held the position for five years. Mr. Gray will remain on the board.

Commenting on his selection, Mr. Kokas noted: “I am delighted to chair the Cargo Airline Association, which is the nationwide voice for the all-cargo air carrier industry and others in the air cargo marketplace that depend on these services. The CAA was established in 1948, and was founded to protect the then newly formed air freight forwarding industry. The air cargo industry has grown immensely since that time and faces many more challenges today. We rely on the CAA as a strong advocate representing our industry before federal and state regulatory bodies, the United States Congress and, when necessary, in the federal and state courts.”

Atlas Air has been a member of CAA for almost 15 years. Other members include major airports and cargo carriers, including FedEx Express and United Parcel Service.

Stephen A. Alterman, President of the Association, said, “All of us in the industry welcome Adam as our new Chairman and look forward to working with him on the many challenges we face. His background and industry knowledge will be an invaluable asset as we move forward. We also thank Bob Gray for his valuable direction and hard work over the past years. We are pleased he will continue to serve on our board.”

Mr. Kokas joined the Atlas family in 2006 after more than ten years in private practice, specializing in all aspects of corporate and securities, finance and business law. In his current position, Mr. Kokas is responsible for providing legal, human resources and business counsel to all levels of the company. He is a graduate of Rutgers University and Boston University School of Law (cum laude).

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW operates the world's largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of outsourced aircraft and aviation operating services that include ACMI service - in which customers receive an aircraft, crew, maintenance and insurance on a long-term lease basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military charters; commercial cargo charters; and dry leasing of aircraft and engines.

AAWW's press releases, SEC filings and other information can be accessed through the Company's home page, www.atlasair.com.

Cargo Airline Association:

The Cargo Airline Association is the nationwide trade organization representing the interests of the United States all-cargo air carrier industry. Its website is http://www.cargoair.org/index.cfm.

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For more information, please contact:
Dan Loh
E-mail: Dan.Loh@atlasair.com