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Atlas Air Worldwide Holdings Appoints Edward J. McGarvey New Vice President, Treasurer

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Atlas Air Worldwide Holdings Appoints Edward J. McGarvey New Vice President, Treasurer

Thursday, March 05, 2009 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading provider of global air cargo assets and services, today announced that Edward J. McGarvey has joined the Company as Vice President, Treasurer. Mr. McGarvey comes to AAWW from HSH Nordbank, where he was Senior Vice President, Head of Aviation Americas, responsible for finance and business development for the bank's aviation finance unit.

“Ed brings to us a deep background in aviation finance and structured financing, and we are excited to have him as part of our team,” said Jason Grant, Senior Vice President and Chief Financial Officer, Atlas Air Worldwide Holdings Inc.

Prior to HSH Nordbank, Mr. McGarvey was a Vice President in the Capital Markets group at GE Commercial Aviation Services (GECAS) from 1996 to 2006. He played an active role in portfolio and securitization initiatives, as well as led the sales effort for GECAS' entrance into the Japanese Operating Lease market. Mr. McGarvey is a certified public accountant with a B.S. in accounting from Manhattan College.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing Limited 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 air cargo services that include ACMI aircraft leasing - in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis - express network and scheduled air cargo service, military charters, commercial cargo charters, and dry leasing of aircraft.

AAWW's press releases, SEC filings and other information may 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