Wednesday, March 21, 2018

Atlas Air is Growing

Cargo hauler Atlas Air is growing with 2 used 777 freighters and 4 used 747-400 freighters. I bet they got a better deal on the 747's.
Cargo Airlines, like me, Enjoy 747's
PURCHASE, NY, Tuesday, March 6, 2018 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the acquisition of two Boeing 777 Freighters from LATAM Airlines.

Both 777 aircraft will operate in ACMI (aircraft, crew, maintenance and insurance) service for DHL Express through Atlas' Southern Air subsidiary, with the first starting service this month and the second expected to begin service at the end of the second quarter of 2018.

The first of the two aircraft was previously operated on a CMI (crew, maintenance and insurance) basis for DHL Express by Southern Air. The second aircraft will increase the number of 777 freighters owned or operated by the company to 12.

“These 777 freighters enhance our position in this attractive aircraft type and are consistent with our strategy of growing the operations that we acquired as part of Southern Air,” said Atlas Air Worldwide President and Chief Executive Officer William J. Flynn.

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