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Atlas Air Worldwide Places Third 747 Freighter with Etihad Airways

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Atlas Air Worldwide Places Third 747 Freighter with Etihad Airways

Thursday, November 06, 2014 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today announced the placement of a third Boeing 747 Freighter into ACMI service for Etihad Airways, the national carrier of the United Arab Emirates.

The 747-400 freighter will be operated by Atlas Air, Inc. on behalf of Etihad Cargo, the cargo arm of the airline, through an aircraft, crew, maintenance and insurance agreement. The new 747 service is scheduled to begin this month and will increase the number of Atlas aircraft operated for Etihad Airways to three.

William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide, said, “We are continuing to expand our strategic partnership with Etihad Cargo and are delighted to support the sustained strong growth of its global network.”

James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our partnership with Atlas Air is an important part of our success and we are confident that it will continue to deliver the operational excellence, outstanding customer service and security that will help us achieve our goal.”

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.

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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.

About Etihad Airways:

Etihad Airways began operations in 2003, and in 2013 carried 11.5 million passengers. From its Abu Dhabi base Etihad Airways flies to 111 existing or announced passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas. The airline has a fleet of 105 Airbus and Boeing aircraft, and more than 200 aircraft on firm order, including 71 Boeing 787s, 25 Boeing 777-X, 62 Airbus A350s and 10 Airbus A380s. Etihad Airways holds equity investments in airberlin, Air Seychelles, Virgin Australia, Aer Lingus, Air Serbia and Jet Airways, and is in the process of formalising equity investments in Alitalia and Swiss-based Etihad Regional*. For more information, please visit: www.etihad.com.

*Operated by Darwin Airline

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For more information, please contact:
Dan Loh
E-mail: Dan.Loh@atlasair.com