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Atlas Air, Inc. Named Best Air Charter/ACMI Operator

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Atlas Air, Inc. Named Best Air Charter/ACMI Operator

Monday, April 30, 2007 --   Purchase, N.Y., April 30, 2007 - Atlas Air, Inc., the world's leading provider of outsourced cargo aircraft, crew, maintenance and insurance service to major international airlines, was honored as the industry's Best Air Charter/ACMI Operator at the 21st Annual Asian Freight and Supply Chain Awards ceremonies in Macau on April 25.

In addition, Atlas Air's sister company, Polar Air Cargo, a key provider of scheduled air cargo and charter services serving freight forwarders and other shippers, was a top finalist for an AFSCA as the Best Air Cargo Carrier - North America.

“We are extremely pleased to win the AFSCA for Best Air Charter/ACMI Operator,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), the parent company of Atlas Air and Polar Air Cargo. “We are also proud to be a top finalist for Best Air Cargo Carrier - North America.

“We are the leading global provider of aircraft operations outsourcing, with a focus on wide-body 747 freighter operations. We create exceptional value for our customers by providing them a flexible combination of highly reliable and proven aircraft, a large fleet, an unrivaled scale and scope of network operations, and a track record for handling valuable cargo in a safe and timely manner.

“As an innovator in the airfreight market, we are committed to a culture of continuous improvement and success, and to providing outstanding service, performance and value to our customers. Each of these characteristics of our customer relationships is embodied in the criteria for the AFSCAs, which have been market-defining awards for the transport and supply chain industry in Asia for 20 years.

“Winning an AFSCA is a special event. We thank our customers and other industry professionals who thought so highly of us for this award. We also thank our employees for this success and for making us a stronger, more competitive company, better positioned to grow our business, extend our industry leadership, and to provide value to our customers as well as our stockholders.”

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Polar Air Cargo, Inc. (Polar), which together operate the world's largest fleet of Boeing 747 freighter aircraft.

AAWW, through Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis.

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

About The Asian Freight and Supply Chain Awards:

Cargonews Asia is the organizer and presenter of the Asian Freight and Supply Chain Awards - the AFSCAs.

AFSCAs reflect the views of industry professionals in Asia on the best companies in the industry. They are designed to honor winning organizations for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability.

Published fortnightly for 30 years, Cargonews Asia (www.cargonewsasia.com) is the publication of record for Asia's cargo shippers and the only newspaper for people directly managing logistics and cargo supply chains in the Asia Pacific region.

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