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PURCHASE, N.Y., May 03, 2018 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today 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, maintenance and insurance agreement that will commence this month and serve routes between the United States, Europe, and Asia.
“DHL Global Forwarding is a leading global service provider, and we are delighted that they have chosen to expand their partnership with Atlas Air as they continue to innovate and develop new solutions for their customers,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “This agreement is a further testament to our strong focus on service quality and value-added solutions for our customers."
“Demand is currently exceeding supply mainly due to the large economies performing strongly,” explained Tim Scharwath, CEO, DHL Global Forwarding. “On major trade lanes, volumes are high but capacities are low – a trend that will continue. To increase our operational efficiency and to offer our customers the best possible solution, we decided to create further capacity that we control.”
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.
Contacts:
Elizabeth Roach (Media) – (914) 701-6576
Dan Loh (Investors) – (914) 701-8200
