The Company

Atlas Air Worldwide Holdings, Inc. (AAWW) is a recognized leader in the international airfreight business, utilizing the world’s largest fleet of Boeing 747 freighter aircraft and a massive global infrastructure to provide superior cargo services to the airline industry, the freight-forwarding community and commercial and military customers.

Corporate Overview

AAWW is unique in the world of air transportation, with a business model driven by a flexible operating strategy intended to optimize the Company’s assets and maximize its profitability.

AAWW is the parent company of Atlas Air, Inc. (Atlas) and majority owner and controlling shareholder of Polar Air Cargo Worldwide, Inc. (Polar), which together have a fleet of 37 Boeing 747 freighter aircraft.

Through Atlas and Polar, AAWW is engaged in providing five specific services and is:

• The world’s leading provider of ACMI (Aircraft, Crew, Maintenance and Insurance) leasing to major airlines around the globe.
• One of the largest providers of airport-to-airport freight carriage, operating a globally integrated Scheduled Service network serving major world trade lanes.
• A major provider of Charter Services to the U.S. Military, through the Air Mobility Command and the Civil Reserve Air Fleet Program.
• A leading supplier of Charter Services to commercial clients.
• Dry Leasing is also provided by leasing aircraft, without any other support services

AAWW actively seeks to maximize profit and minimize risk by optimizing the allocation of available aircraft capacity among these four service types, in line with prevailing business opportunities and market conditions.

Background

• Founded by Michael Chowdry, AAWW began operations in 1993 with one aircraft.
• In November 2001, the Company acquired scheduled all-cargo carrier Polar Air Cargo, Inc., strengthening Atlas’s service portfolio and enhancing the Company’s military and commercial capability.
• AAWW reinforced its market leadership by placing an order for 12 747-8 freighters in September 2006. AAWW will begin to take delivery on the aircraft in January 2010.
• In June 2007, Polar closed on a strategic transaction with DHL Express that gives them a 49% equity interest, including a 25% voting interest, in Polar.
• Today, Atlas Air Worldwide Holdings, Inc. is proud to be the world’s largest operator of B747 freighter aircraft, and through strategic innovation, is shaping the future of this vital global industry.

Key Customers

Customers include some of the world’s leading airlines – Air New Zealand, British Airways, Emirates, Korean, Lufthansa and Qantas – as well as the U.S. Military and major freight forwarders – DHL Global Forwarding, Eagle, Expeditors, Kuehne+Nagel, Nippon Express, NNR, Panalpina, Schenker/BAX, TNT and UPS-SCS.

Fleet

37 Aircraft (20 747-400s and 17 B747 Classics)

Management Team

AAWW’s strong management team has extensive airline, transportation, and logistics experience. They include:
William J. Flynn, President and Chief Executive Officer
John W. Dietrich, Executive Vice President and Chief Operating Officer
Jason Grant , Senior Vice President and Chief Financial Officer
Adam R. Kokas, Senior Vice President, General Counsel, Chief Human Resources Officer and Secretary
Michael T. Steen, Senior Vice President and Chief Marketing Officer
William C. Bradley , Vice President and Treasurer
James R. Cato, Vice President, Flight Operations and Labor Relations
Lawrence B. Gibbons, Vice President, Procurement
Ken Johnson, Vice President, Charter Sales and Marketing
Charter Business Unit
Thomas Kane, Vice President, Defense & Government Programs
William E. Kelley, Vice President, Safety and Regulatory Compliance
Mark S. Swearingin, Vice President, Technical Operations
Gary Wade, Vice President, Security