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Atlas Air Worldwide Announces Election of General Duncan J. McNabb USAF (Ret.) to Board of Directors

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Atlas Air Worldwide Announces Election of General Duncan J. McNabb USAF (Ret.) to Board of Directors

Tuesday, July 24, 2012 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today announced the election of General Duncan J. McNabb USAF (Ret.) to the Company's Board of Directors.

General McNabb was the Commander of the Air Mobility Command from 2005 to 2007 and the Commander of the United States Transportation Command (USTRANSCOM) from 2008 to 2011. USTRANSCOM is the single largest logistics provider for air, land and sea transportation for the Department of Defense (DOD). As DOD's Distribution Process Owner, USTRANSCOM directs and oversees the execution of DOD's strategic distribution system in support of the global and regional combatant commands.

“General McNabb's exemplary service to our nation and in-depth knowledge of global transportation, both freight and passengers, make him a welcome and highly qualified addition to our talented Board of Directors,” said Eugene I. Davis, Chairman of the Board, Atlas Air Worldwide. “His experience in the global effort to transport and supply our troops, one of our key services, will be especially helpful as we develop future strategies for long-term growth.”

General McNabb commanded more than $56 billion in strategic transportation assets, 150,000 service personnel and a worldwide command and control network. As an Air Force pilot, he flew more than 5,400 hours in transport and rotary aircraft, including the C-17 Globemaster III all-purpose airlifter.

General McNabb, a 1974 graduate of the U.S. Air Force Academy, has held command and staff positions at squadron, group, wing, major command and Department of Defense levels.

During his military career, General McNabb, 59, served as the Air Force deputy chief of staff for plans and programs, director of logistics on the Joint Staff, and was responsible for operational logistics and strategic mobility support to the Chairman of the Joint Chiefs and the Secretary of Defense. He then commanded the Air Force's Air Mobility Command, leading 134,000 airmen in providing rapid global mobility, aerial refueling, special airlift and aeromedical evacuation for America's armed forces. Before his final command at USTRANSCOM, McNabb served as the 33rd Vice Chief of Staff of the Air Force.

In addition to his Bachelor of Science degree from the Air Force Academy, Colorado Springs, Colo., General McNabb earned a Master of Science degree in international relations from University of Southern California, Los Angeles. His major awards and decorations include the Defense Distinguished Service Medal, the Distinguished Service Medal, the Southwest Asia Service Medal with two Bronze Stars, the Global War on Terrorism Service Medal, and the Humanitarian Service Medal, to name just a few.

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