|Atlas Air Worldwide Announces Placement of Two Boeing 747-8 Freighters In ACMI Service for DHL Express
Aircraft Will Provide Additional Revenue Cargo Volume for DHL's Transpacific Network Growth
Thursday, May 01, 2014 --
PURCHASE, N.Y., May 1, 2014 - Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the placement of two Boeing 747-8 Freighters into ACMI service for DHL Express, the world's leading international express shipping company.
The two aircraft will be operated by Atlas Air, Inc. in Polar Air Cargo Worldwide's transpacific express network under an ACMI arrangement for the benefit of DHL Express and Polar's other customers. The aircraft replace two Boeing 747-400 Freighters currently in ACMI service for DHL.
The state-of-the-art 747-8Fs will provide additional revenue cargo volume to serve DHL's expanding express business. The 747-400Fs will be placed immediately into revenue service for Atlas Air.
“We are delighted to deepen our long-standing relationship with DHL and to support the strong growth of its transpacific network operations,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide.
Commencement of the new ACMI service for DHL is scheduled to begin shortly. At that time, Atlas will operate a total of four 747-8Fs and five 747-400Fs in ACMI service on behalf of DHL. Atlas will also continue to operate seven Boeing 767 Freighters in CMI service for DHL.
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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