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atlas-air-worldwide

Atlas Air Worldwide to be Acquired $5.2 Billion

Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, announced that it has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo (NYSE: APO) together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash transaction with an enterprise valuation of approximately $5.2 billion.Upon completion of the transaction, Atlas ... [+]

Atlas Air Worldwide Announces Contract with FedEx

Atlas Air Worldwide Holdings, Inc. (AAWW) announced its subsidiary Atlas Air, Inc. has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. This new agreement is in addition to the company’s existing multi-year peak season contract ... [+]

Atlas Air Worldwide Orders Four New Boeing 747-8 Freighters

Atlas Air Worldwide Holdings, Inc. announced it has ordered four new Boeing 747-8 freighters in a transaction that furthers the company’s strategic growth plan. The aircraft will enable the company to meet strong customer demand in the airfreight market, particularly the fast-growing e-commerce and express sectors. The company’s business model provides the flexibility to operate these ... [+]

Air Force One Pilot Training Extended with Atlas Air, Inc.

Atlas Air Worldwide Holdings, Inc. announced that the United States Air Force has exercised its option to continue its pilot and flight engineer training contract for Air Force One with Atlas Air, Inc. Atlas Air has held the contract since October 2007. Under the extension, crews for the Air ... [+]

Atlas Air Worldwide Announces ACMI Placement with EL AL

Atlas Air Worldwide Holdings, Inc. announced on January 7 that its Atlas Air, Inc. unit and EL AL Israel Airline Ltd. have entered into an agreement that enables EL AL to expand its reach and cargo lift for its customers. Under the terms of the ACMI (aircraft, crew, maintenance ... [+]

Atlas Air Worldwide Announces Passing of Board Chairman Robert Agnew

Atlas Air Worldwide Holdings, Inc. announced that Robert (Bob) Agnew, the Chairman of the Board of Directors, passed away the week of August 19. “Bob was a wonderful director and even finer human being,” said William J. Flynn, Chief Executive Officer of Atlas Air Worldwide. “We are saddened by the news ... [+]

Atlas Air Worldwide to Expand in Kentucky

Atlas Air Worldwide Holdings, Inc. announced it will expand its operations in northern Kentucky to accommodate its growing workforce in the area. Atlas’ plans include a commitment to a long-term lease in a new facility in Erlanger, Kentucky, near the Cincinnati/Northern Kentucky International Airport (CVG), to support its growing global operations. ... [+]

New leadership for Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc. recently announced that President and CEO William J. (Bill) Flynn will retire from the company effective Jan. 1, 2020, after a successful 13-year tenure, and become Chairman of the Board on that date. The board has appointed John W. Dietrich, current Executive Vice President and COO, ... [+]

Atlas Air Worldwide Announces Second 747-400F Aircraft With Asiana Cargo

Atlas Air Worldwide Holdings, Inc. announced that its Atlas Air, Inc. unit has entered into an agreement to add a second Boeing 747-400 Freighter for Asiana Cargo.  The aircraft will be operated by Atlas Air and be flown on key global routes across the fast-growing transpacific market, connecting South Korea with ... [+]

Atlas Air Worldwide places second 747-400 freighter with DHL Global Forwarding

Atlas Air Worldwide Holdings, Inc. announced the ACMI placement of a second 747-400 freighter with DHL Global Forwarding, the world’s largest airfreight forwarding company and a division of the Deutsche Post DHL Group. Atlas Air, Inc. will operate the additional freighter on behalf of DHL Global Forwarding through an aircraft, crew, ... [+]

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