|Atlas Air Worldwide Announces Placement of Two Additional Boeing 747 Freighters in ACMI Service for DHL Express
Incremental 747-8F and 747-400F Will Total 12 Atlas Freighters in DHL's Intercontinental Network
Thursday, October 23, 2014 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the placement of two incremental Boeing 747 freighters into ACMI service.
The two aircraft, a 747-8F and a 747-400F, will be operated in Polar Air Cargo Worldwide's express network under an ACMI arrangement for the benefit of DHL Express, the world's leading international express shipping company, and Polar's other customers. Operations are scheduled to begin on October 26, 2014.
“We are pleased to expand our long-standing relationship with DHL and to support the advancement of its global network operations,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide.
When the new ACMI service begins, Polar's express network will total twelve 747 freighters, consisting of five 747-8Fs and seven 747-400Fs, in ACMI on behalf of DHL and Polar's other customers. Atlas also will continue to operate a fleet of Boeing 767 Freighters in CMI service for DHL, with 11 aircraft in operation by the end of January 2015.
About Atlas Air Worldwide:
Atlas Air Worldwide is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Holdings, Inc. (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). 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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