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Atlas Air Worldwide B767-300ERs Ready for Military Passenger Airlift Service

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Atlas Air Worldwide B767-300ERs Ready for Military Passenger Airlift Service

Wednesday, January 25, 2012 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today announced that its Atlas Air, Inc. unit has received approval from the U.S. Department of Defense (DoD) Commercial Airlift Review Board (CARB) to provide B767-300ER passenger airlift service for the DoD.

The twin-jet 767 becomes the second aircraft type in the company's history, joining an industry-leading fleet of Boeing 747 freighters and passenger aircraft.

To operate the new aircraft family, Atlas Air has also achieved 180-minute Extended Twin-Engine Operations (ETOPS) certification from the U.S. Federal Aviation Administration, allowing for the aircraft's optimal routing on trans-Atlantic flights. ETOPS approval requires a rigorous review of the company's operations and successful implementation of additional operational and flight-crew procedures. Flight crews and maintenance teams operating Atlas Air's 767s are qualified and trained for ETOPS.

“The Boeing 767-300ER provides additional flexibility in our fleet as we continue to diversify the services we offer our customers,” said William J. Flynn, President and Chief Executive Office of Atlas Air Worldwide.

“A new aircraft type is an important milestone for our company and complements our growth strategies. As a long-time operator of four-engine aircraft, we're especially pleased to achieve CARB approval and ETOPS certification for our twin-jet aircraft, demonstrating that our continual focus on safety, reliability and operational excellence transcends aircraft types.”

The company's 767-300ER (for Extended Range) aircraft, configured for 255 Economy Class seats, will primarily transport U.S. military personnel domestically and internationally. The aircraft, along with two company-owned passenger 747-400s, are also available for commercial charters, providing customers with flexible seating-capacity alternatives.

Atlas Air expects to place a third 767 into service during the first half of 2012.

Atlas Air initiated B747-400 passenger service for the DoD in May 2011.

With the 767, Atlas Air is the only outsource provider of aircraft and aviation operating services offering the new Boeing 747-8 freighter, 747-400 freighter and passenger versions, and the 767-300ER to its global customers.

About Atlas Air Worldwide:

Atlas Air Worldwide 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). Atlas Air Worldwide also maintains a 49% interest in Global Supply Systems Limited (GSS). Through Atlas and Polar, Atlas Air Worldwide 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 basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military cargo and passenger charters; commercial cargo and passenger charters; and dry leasing of aircraft and engines.

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

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