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Atlas Air Worldwide Elects Jane H. Lute and Sheila A. Stamps To Board of Directors

PURCHASE, N.Y., Wednesday, May 23, 2018 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the election of Jane H. Lute and Sheila A. Stamps to the company's board of directors. Ms. Lute is a recognized leader in the area of cybersecurity and is President and Chief Executive Officer of SICPA North America. Ms. Stamps is an accomplished business leader and has extensive executive experience in finance, accounting and risk management. She is a director of CIT Group, Inc. and CIT Bank N.A.; Commissioner and Audit Committee Chair of the New York State Insurance Fund; and director of IES Abroad.

Ms. Lute previously served as Deputy Secretary, U.S. Department of Homeland Security and is a member of several international commissions focused on cybersecurity and the future of the internet. Ms. Lute began her career in the U.S. Army and served on the National Security Council staff under both Presidents George H. W. Bush and William Jefferson Clinton. Ms. Lute holds a Ph.D. in political science from Stanford University and a J.D. from Georgetown University. She is a member of the Virginia bar. Ms. Lute is also a director of Union Pacific Corporation.

Ms. Stamps was Executive Vice President at Dreambuilder Investments, LLC., and has had a distinguished career at various financial institutions, including serving as a Managing Director at Bank of America (formerly FleetBoston Financial Corporation) and an executive with Bank One Corporation (now, JPMorgan Chase & Co.). Ms. Stamps holds an MBA from the University of Chicago and completed a Fellowship at Harvard University's Weatherhead Center for International Affairs. She serves on the Board Advisory Services Faculty of the National Association of Corporate Directors, and is recognized as an NACD Board Leadership Fellow.

“Ms. Lute's in-depth knowledge of cybersecurity and information technology and Ms. Stamp's diversity of strategic and financial experience make them welcome and highly qualified additions to our board of directors,” said Robert F. Agnew, Chairman of the Board, Atlas Air Worldwide. “We look forward to their contributions and are confident that Atlas Air will benefit from their insights, judgment and counsel.”

About Atlas Air Worldwide:

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world's largest fleet of 747 freighter aircraft and provide customers a broad array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwide's press releases, SEC filings, and other information may be accessed through the company's home page, www.atlasair.com.

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