Investec provides US $90 million senior financing for Atlas Air
Investec Aviation Finance (Investec) has provided US $90 million of senior debt financing for Atlas Air, a leading provider of outsourced aircraft and aviation operating services and the largest outsourced airfreight provider in the world with a fleet of more than 90 dedicated long-haul freighter aircraft. Investec was able to structure and underwrite a transaction […]
Nippon Cargo Airlines renews freighter deal with Atlas Air
Atlas Air Worldwide and Nippon Cargo Airlines (NCA) have renewed their partnership, marked by a signing ceremony at the NCA headquarters in Tokyo. The extension of the current Air Transportation Services Agreement (ATSA) with transpacific operation between Asia and North America will boost international air cargo growth, including capital equipment for semiconductor and e-commerce needs, […]
Investec secures $30M for Titan’s 747-400F leased to Atlas Air
Investec Aviation Finance (Investec) has provided $30m of financing to Titan Aircraft Investments (TAI) as it continues to see strong demand for aviation debt. This marks Investec’s first transaction with TAI, the dry leasing joint venture between Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide Holdings, Inc., and Bain Capital (which holds 90% interest […]
Investigation launched after Boeing 747 suffers engine fire
An investigation has been launched after a Boeing 747 operated by Atlas Air suffered an engine fire after taking off from Miami. Atlas Air flight 95 departed Miami International Airport (MIA) at 10:30pm on Thursday on route to Luis Muñoz Marin International Airport in Puerto Rico. Videos on social media showed the flaming aircraft in […]
Atlas Air Worldwide announces new corporate headquarters
Atlas Air Worldwide has announced that its new corporate headquarters will be located in White Plains, New York, signifying the Company’s ongoing commitment to operations within New York State. Atlas commits to retaining 400 existing, full-time permanent jobs in New York at its newly-leased 60,000 square foot space in White Plains, New York, where the […]
Atlas Air promotes Richard Broekman to Chief Commercial Officer and Head of Sustainability
Atlas Air has announced Richard Broekman has been promoted to Executive Vice President, Chief Commercial Officer and Head of Sustainability. In his new role, Broekman will be responsible for the development and execution of Atlas Air’s global commercial strategies, and the management of the corporate sales strategy for ACMI, CMI and Charter Services. Additionally, Broekman […]
Michael T. Steen to become CEO of Atlas Air Worldwide
Atlas Air Worldwide has announced that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the company, in line with the Company’s long-term succession plan, effective 15th June 2023. Steen succeeds John W. Dietrich, who is retiring from the company after nearly 25 years. […]
Kuehne+Nagel partners with Atlas Air and SR Technics Group to form the “Sustainable Engine Alliance”
Kuehne+Nagel, Atlas Air, a subsidiary of Atlas Air Worldwide Holdings, and SR Technics Group have introduced the “Sustainable Engine Alliance” at the MRO Americas 2023 conference in Atlanta, Georgia. Representing a wide range of the aerospace industry, the Alliance pledges to set new industry standards for low-carbon aircraft engine supply chains in line with the […]
Atlas Air and Turkish Airlines team up to provide humanitarian supplies for earthquake victims
Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. has announced an Atlas Air 747-8F departed from Washington Dulles International Airport carrying tons of humanitarian and relief supplies for earthquake victims in Turkey and Syria. The two companies, along with the Turkish Embassy, are working together to expedite this relief mission to support […]
Kuehne+Nagel and Apex Logistics receive the last Boeing 747-8 freighter from Atlas Air
Apex Logistics International, a Kuehne+Nagel company, will put into operation the last Boeing 747-8 freighter as part of the long-term charter agreement with Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. The aircraft will support customers on volatile trade lanes with reliable service, reduced transit times and increased efficiencies. After a half-century production […]
Atlas Air Worldwide shareholders approve proposed acquisition
Atlas Air Worldwide has announced that its shareholders voted to approve the company’s pending acquisition by an investor group led by funds managed by affiliates of Apollo Global Management, together with investment affiliates of J.F. Lehman & Company and Hill City Capital at its special meeting of shareholders on 29th November. Read more: Atlas Air […]
Atlas Air takes delivery of new Boeing 747-8 freighter
Atlas Air has announced it has taken delivery of a Boeing 747-8 Freighter. This aircraft is the third of four new Boeing 747-8 Freighters Atlas Air ordered in January 2021 and is the first of two 747-8Fs Atlas Air will operate for its customer Kuehne+Nagel under a long-term agreement. “This 747-8F delivery underscores the importance […]
Cainiao partners with Atlas Air to enhance freight stability
Cainiao Network has announced its partnership with Atlas Air to launch a new air freight route connecting China to Colombia to further enhance freight stability in Latin America. The 747-8F plane, with capacity of 133 tonnes of cargo, will depart Hong Kong International Airport and transit in Miami International Airport, with final destination at El Dorado […]
Atlas Air Worldwide announces long-term ACMI agreement with MSC
Atlas Air Worldwide has announced that its Atlas Air subsidiary and Mediterranean Shipping Company (MSC) have entered into an agreement that enables MSC to expand its reach and capacity for its customers. Under the terms of the long-term ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate all four of its new and […]
Atlas Air Worldwide to be acquired by investor group for $5.2 Billion
Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash transaction with an enterprise […]
Atlas Air Worldwide reports Q2 2022 results
Atlas Air Worldwide Holdings has recorded second-quarter 2022 net income of $88.3 million, or $2.65 per diluted share, compared with net income of $107.1 million, or $3.53 per diluted share, in the second quarter of 2021. On an adjusted basis, EBITDA totalled $215.6 million in the second quarter this year compared with $243.7 million in […]
Atlas Air executive among most influential in corporate America
Atlas Air Worldwide Holdings, Inc congratulates Lillian Dukes, senior vice president, technical operations, on being named one of Savoy Magazine’s Most Influential Black Executives in Corporate America for 2022. “Lillian is an outstanding leader whose focus on data-driven process improvements and predictive analytics has strengthened our team and our company overall,” said John W. Dietrich, […]
Embry-Riddle Aeronautical University first school to join Atlas Air’s Pathway to Success programme
Atlas Air, a subsidiary of Atlas Air Worldwide Holdings, has announced it has launched its Pathway to Success Program for pilots with Embry-Riddle Aeronautical University. Embry-Riddle is the first school to participate in the program through which Atlas Air will recruit, train and hire qualified graduates of Embry-Riddle’s Daytona Beach, Florida Aeronautical Science degree programme. “We […]
Atlas Air Worldwide: strong Q1 2022 results and full-year outlook
Atlas Air Worldwide has announced first-quarter 2022 net income of $81.5 million, or $2.38 per diluted share, compared with $89.9 million, or $3.05 per diluted share, in 2021 (which included $40.9 million, $31.9 million after tax, of CARES Act grant income). On an adjusted basis, EBITDA totalled $202.8 million in the first quarter of 2022 […]
Titan Aviation and Amerijet ink long-term dry lease agreements for B757 aircraft
Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, have announced the placement of three Boeing 757-200SF converted freighters on long-term dry leases with Amerijet International to support its network in Central America and the Caribbean. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings, will manage these assets. […]
Atlas Air extends agreement with DB Schenker
Atlas Air, Inc., has announced an extension of its partnership with Schenker Flight Services GmbH (DB Schenker) to provide transpacific service. Atlas Air’s relationship with DB Schenker includes supporting its global network by providing charter capacity service. The new arrangement builds on an agreement Atlas Air reached with DB Schenker in 2020, and extends the […]
Atlas Air announces ACMI contract with FedEx
Atlas Air Worldwide Holdings, Inc. 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 that provides FedEx with a minimum […]
Atlas Air signs MoU with Sharp Technics K
Atlas Air Worldwide Holdings, Inc. announced today that its wholly-owned subsidiary Atlas Air, Inc. has signed a Memorandum of Agreement to enter into a joint venture with Sharp Technics K to develop a dedicated maintenance, repair and overhaul (MRO) facility at Incheon International Airport (ICN) in South Korea. The maintenance facility is expected to open […]
Atlas Air and Polar receive CEIV Pharma
Atlas Air Worldwide Holdings, Inc. today announced that its companies Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. have each achieved the Centre of Excellence for Independent Validators (CEIV) Corporate Pharma credential from the International Air Transport Association (IATA). CEIV Pharma is a quality certification program developed by IATA that has established high standards […]
Atlas Air’s Flynn on track for a new career
Former Atlas Air president and CEO William J Flynn has been appointed as US passenger train operator Amtrak’s next chief executive officer and president. Flynn, a seasoned business leader with four decades of transportation and logistics experience, will begin his role on April 15, 2020. Flynn succeeds Richard Anderson, who joined Amtrak as CEO in […]
El Al starts cargo service to Liege
El Al has re-entered the freighter market with Atlas Air operating a Boeing 747-400F on the Tel Aviv to Liege route. The flag carrier signed an ACMI (aircraft, crew, maintenance and insurance) agreement with Atlas Air Worldwide Holdings for flights that began last month. Liege is Belgium’s main air cargo facility and bucked the downward […]
Cargo maintenance hangar opens at CVG Airport
REAM Aero opened its new 10,300 sq m, $19 million hangar at the Cincinnati/Northern Kentucky International Airport (CVG) yesterday with a grand opening event. The facility opening creates the need for more than 100 high-paying aircraft mechanic jobs and supports the growing global logistics network at the airport. Lynx Group developed the eight-acre site for […]
Court rules in favour of Atlas Air and against union
Atlas Air Worldwide Holdings has succeeded in its legal dispute with the pilot union, ordering them to negotiate a new deal. The decision by the US Court of Appeals for the Second Circuit upholds a 13 March 2018 decision by the Southern District Court of New York compelling the union, the International Brotherhood of Teamsters […]
Atlas Air faces tough questions about Q3 results
Atlas Air Worldwide Holdings faced tough questions about how the business was being run during its third quarter earnings call. Adjusted income from continuing operations net of taxes was down 78.3% in the third quarter to $9.5 million and 64.8% to $41.3 million in the nine months to 30 September. The third quarter performance was […]
Amazon and Atlas Air face lawsuit for Flight 3591 crash
The brother of the first officer killed in Flight 3591, which crashed near Houston in February is suing Atlas Air and Amazon for negligence. Atlas Air Flight 3591 a Boeing 767-300 Boeing Converted Freighter crashed on 23 February when it rapidly descended from 6,000 feet and hit a marshy bay about 40 miles southeast of […]