|ATLAS AIR WORLDWIDE HOLDINGS, INC. NAMES RAYMOND SISSON TO LEAD AIRCRAFT LEASING SUBSIDIARY|
Tuesday, October 21, 2008 -- Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo assets and services, has named Raymond Sisson to lead its wholly owned aircraft leasing unit, Titan Aviation Leasing, Ltd. (Titan).
Sisson, a seasoned executive with international sales, marketing, operations, finance and legal experience, joins Titan as president and chief executive officer based at Titan's headquarters in Dublin, Ireland.
Sisson joins the company from GE Commercial Aviation Services (GECAS), a leader in financing and leasing commercial aircraft, engines, spare parts and simulators around the world. He was senior vice president and regional manager for GECAS in the Middle East, Africa and Russia, based in Dubai. Previously, he served GECAS as senior vice president of sales and marketing for Asia/Pacific and as vice president and legal counsel.
“With our expertise in the global freighter aircraft market and our high-quality customer base, Atlas Air Worldwide Holdings is well-positioned to take advantage of additional opportunities in aircraft leasing,” said William J. Flynn, President and Chief Executive Officer of AAWW.
“Ray is a focused leader who possesses strong customer-development and relationship-building skills to help us grow this business to enhance revenues and further position AAWW as the global leader in airfreight outsourcing solutions.”
Prior to joining GECAS in 1995, Sisson was a corporate attorney specializing in general corporate, project, aviation finance and banking law. He is a graduate of Bucknell University and earned his law degree from Georgetown University. He has a master's degree in business administration from the University of Chicago.
Titan was incorporated in Ireland in February 2008. It is focused on the acquisition, sale, dry leasing, marketing and servicing of aircraft and related equipment.
About Atlas Air Worldwide Holdings, Inc.
In addition to Titan, AAWW is the parent company of Atlas Air, Inc. (Atlas) and 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 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 - military charters, commercial cargo charters, scheduled air cargo service (including full express network service for DHL Express beginning October 27, 2008), and dry leasing of aircraft.
AAWW's press releases, SEC filings and other information can be accessed through the Company's home page, www.atlasair.com.