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Atlas Air Worldwide Commends U.S.-UK Air Services Agreement

PURCHASE,N.Y., Friday, November 30, 2018 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) congratulates and thanks the United States government for reaching an open skies aviation agreement with the United Kingdom, to become effective when the air services agreement between the United States and Member States of the European Union ceases to apply to the United Kingdom following Brexit.

The U.S.-UK agreement will ensure post-Brexit continuation of the market-driven aviation environment needed to facilitate continuing growth of U.S. jobs and the U.S. economy.

“We are extremely gratified that the United States continues to pursue its well-tested open skies aviation policy,” said President and Chief Executive Officer William J. Flynn. “When it takes effect, the U.S.-UK air services agreement will improve the global scheduling options for our airline subsidiaries by allowing them to exercise seventh-freedom cargo rights to and from the United Kingdom.”

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 the broadest 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