|Atlas Air Worldwide Announces New CMI Customer|
Thursday, June 20, 2013 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating solutions, today announced that its Atlas Air, Inc. unit has signed an agreement to operate a VIP-configured Boeing 767-200 passenger aircraft in CMI service for MLW Air, LLC. Flights are expected to commence this summer.
Under the new CMI (Crew, Maintenance, Insurance) agreement, Atlas Air will operate MLW Air's unique, all-first class, 102-seat Boeing aircraft, extending Atlas Air's innovative CMI service solution and its growing 767 aircraft platform into very high-end passenger transport. The flights will be marketed as charters to sports teams, entertainers and other high-profile users.
“This agreement to operate one of the world's most distinctive aircraft further expands our asset-light CMI service solution and diversifies our business mix with additional passenger ability,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide.
“We look forward to offering MLW Air a combination of experienced pilots, highly trained flight attendants and an outstanding maintenance and safety record to provide a one-of-a-kind experience for passengers who demand the best.”
“We are keenly anticipating our partnership with Atlas Air, trusted the world over for operating aircraft to hundreds of destinations worldwide at any time,” said Martin Woodall, Chief Executive Officer of MLW Air. “Our customers demand outstanding service and reliability, and that's why Atlas Air is the right partner for us.”
MLW Air's Boeing 767 is the only all-first class 767 commercial charter aircraft with worldwide operations registered with the Federal Aviation Administration. The dual-aisle plane features first class seats with 60-inch pitch (the distance between a row of seats) in a two-by-two-by-two configuration. The seats recline to 156 degrees for maximum comfort and come with adjustable head and foot rests. The plane is ideal to meet the needs of heads of state, celebrities, diplomats, professional sports teams, entertainers, private parties, tour groups and other charter needs. The client list includes the Dallas Stars and Dallas Mavericks and such entertainers as Bruce Springsteen, the Rolling Stones and Beyoncé.
Atlas Air currently operates 10 Boeing 767s, including three passenger aircraft and seven freighters. Its modern, efficient fleet also includes two VIP-configured Boeing 747-400 passenger aircraft, 37 Boeing 747 freighters and a recently acquired Boeing 777 freighter.
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 solutions 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.