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Atlas Air Worldwide Acquires Southern Air

Atlas Air Worldwide Holdings, Inc. has completed its acquisition of privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic CMI (crew, maintenance and insurance) services, in an immediately accretive transaction for cash consideration of approximately $110 million, subject to customary adjustments. The company did not assume any debt in connection with the acquisition. The strategically compelling, highly complementary combination provides Atlas Air Worldwide immediate entry into ... [+]

Atlas Air Worldwide to Acquire Southern Air

Atlas Air Worldwide Holdings, Inc. reveal on January 19 that it has entered into a definitive agreement to acquire privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately $110 million. The transaction is subject ... [+]

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