|Atlas Air Worldwide Announces New 747-8F ACMI Contract with BST Logistics (Hong Kong) Company Limited|
Monday, December 16, 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 entered into a contract with BST Logistics (Hong Kong) Company Limited (BST Logistics), a business partner of Navitrans International Freight Forwarding Co., Ltd., to provide Boeing 747-8 Freighter service.
The contract is for one aircraft under an ACMI (Aircraft, Crew, Maintenance and Insurance) agreement, with service expected to begin in February 2014 and operating in key global routes connecting the U.S., Europe and Asia.
BST Logistics provides dedicated airfreight services on a global basis and serves some of the largest shippers in the world.
“BST Logistics is an important addition to our portfolio of ACMI customers,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “We are pleased that it has chosen Atlas Air to operate parts of its long-haul route network.
“Atlas Air has the largest and most modern fleet in our industry, with a mix of cargo and passenger aircraft, serving customers who are leaders in their markets. BST Logistics is an important partner in the region and we are pleased to provide our quality service to help it expand its international route network.”
Shen Hong, President, BST Logistics, said, “We have found a strong partner in Atlas Air. Its broad network and excellent operations record will help us achieve our vision to be a successful and profitable cargo operator as we continue to increase our international footprint and connect Asia to the rest of the world.”
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.